Section
Articles.
Explainer and commentary pieces. The aggregated regulator feed is on the front page; this section is for context that doesn’t fit inside a single ingested item — case law that quietly reshapes a market, structural debates inside the industry, indicators worth tracking.
11 May 2026
Indicator · Macro
The Sahm Rule triggered for the first time post-COVID — and the woman who invented it is sceptical
A clean recession indicator developed at the Federal Reserve crossed its threshold in mid-2024 under conditions its own author says don't quite fit. What that means for the rate-cut path.
Recession · Federal Reserve · Sahm Rule · Labour market
11 May 2026
Court ruling · Germany
Germany's €20,000 cap on futures-trading loss deductibility is now in front of the Constitutional Court
The Bundesfinanzhof has formally questioned whether the 2020 loss-deduction cap on derivatives is compatible with the constitutional principle of taxation by ability to pay.
Germany · Tax · Futures · Bundesfinanzhof
11 May 2026
Comment · Copytrading
Editor’s note attached
Copytrading is changing retail investing — and exposing a conflict-of-interest problem the existing platforms haven't solved
Social-trading platforms have democratised access to professional strategies. But when the broker, the platform, and the counterparty are the same entity, the incentives stop adding up for the follower.
Copytrading · Conflict of interest · Retail investing
11 May 2026
Explainer · MiFID II
Editor’s note attached
The MiFID carve-out for asset-management mandate brokerage
A 2017 CJEU ruling quietly excluded the brokerage of portfolio-management mandates from MiFID's licensing perimeter. Most of the European retail-investment industry hasn't caught up.
MiFID II · CJEU · Case C-678/15 · Asset management