Tom Holland

Tom Holland

Deputy Global Research Director

Tom helps to steer Gavekal’s global research, with a special focus on energy markets. Before joining Gavekal in 2014 he worked as an analyst and commentator at media organizations including CNBC, The Wall Street Journal and the Far Eastern Economic Review, earning his spurs as the lead foreign exchange analyst for Dow Jones during the 1997-98 Asian currency crisis. He originally started his working life as an exploration geologist, until a collapse in commodity prices forced him into journalism as the traditional refuge of the otherwise unemployable.

Tom Holland's Articles

Selected research

The BoJ And Japan’s Equity Bull Run
12 Mar 2024
In recent weeks, expectations have grown that the Bank of Japan will exit its negative interest rate policy and formally abandon yield curve control. However, it would be wrong to conclude that the BoJ’s exit from its ultra-easy stance will necessarily call time on Japan’s bull market. Arguably, it could make Japanese equities even more attractive.
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Trump 2
Trump 2
Will Denyer, Tan Kai Xian, Tom Holland
8 Mar 2024
It always looked by far the most likely outcome. Now it is confirmed. Donald Trump will be the Republican Party’s candidate in November’s US presidential election. If a week is a long time in politics, eight months feels like an eternity. Nevertheless, it is now necessary to consider what a new Trump term might mean for US government policy and financial markets.
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The Long And Short Of Energy Risk
29 Jan 2024
The advance of the price of Brent crude from December’s lows can be attributed to a whole bunch of short-term factors. But it also reflects a deeper reassessment of the supply and demand outlook for oil in 2024 as market players moderate the bearish views they adopted after the last Opec meeting.
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