Louis-Vincent Gave on 2026 Reset: ‘stupidly cheap’ Asian FX, damaged crypto & AI that doesn’t add up

Louis-Vincent Gave sees Asian FX as sharply undervalued going into 2026, a shift that could weigh on gold. He outlines a ‘barbell’ approach to China’s equity markets and warns that bond markets are poised to capitulate first, with initial strains already evident in JGBs.