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Stjepan Kalinic

Stjepan Kalinic

Benzinga Staff Writer

About Stjepan Kalinic

Stjepan is a writer and a multi-asset analyst with extensive experience in retail and institutional finance. As a history buff, Stjepan is keenly interested in geopolitical developments and their influence on market cycles. Before joining Benzinga, he was a market strategist at NY-based sell-side firm Creative Global Investments. Outside financial markets, Stjepan likes practicing martial sports and playing various musical instruments.

Areas of Expertise

Articles by Stjepan Kalinic

Forget the ETF Outflows: Gold Miners Offer 3X Leverage As Cash Flow Surges
Forget the ETF Outflows: Gold Miners Offer 3X Leverage As Cash Flow Surges
Global gold ETF flows are shifting as gold miners outpace bullion. Discover why traders are rotating into NEM, AEM, and GDX.
Why the $3 Trillion ‘Extend and Pretend’ Bank Short Is a Trap
Why the $3 Trillion ‘Extend and Pretend’ Bank Short Is a Trap
Regional and community banks hold nearly two-thirds of the $3.1 trillion U.S. commercial real estate debt market, using "extend-and-pretend" accounting loopholes to report near-zero delinquencies even as CMBS defaults surge past 8%. Yet shorting regional bank ETFs like KRE and IAT remains a dangerous trap.
‘Subpoena Season’: Democrats Set Their Sights on $40B in Mining Deals
‘Subpoena Season’: Democrats Set Their Sights on $40B in Mining Deals
Democratic midterm wins shift U.S. critical minerals policy to Congress, bringing subpoena threats and high-stakes budget fights.
Politicians Fight Data Centers While Betting Your Retirement on Them
Politicians Fight Data Centers While Betting Your Retirement on Them
US public pensions hold over $578B in AI stocks, facing concentration, bubble warnings, and policy pushback. Discover the hidden risks.
Democratic Sweep Revives the Stalled Copper Tariff Trade
Democratic Sweep Revives the Stalled Copper Tariff Trade
Copper markets face a political twist as Democratic gains threaten AI data-center growth while Trump's tariff powers could give Freeport-McMoRan an unexpected edge.
Democratic Sweep Drops Dollar, Pushing Gold Past $4,000 Toward Key Test
Democratic Sweep Drops Dollar, Pushing Gold Past $4,000 Toward Key Test
Gold rebounds past $4,000 as midterm election results hit the US dollar and bond yields. Discover key price levels and resistance zones.
$80 Billion Hedge Fund Braces for Bear Market
$80 Billion Hedge Fund Braces for Bear Market
Paul Singer's Elliott warns a massive bear market looms. See how the $80B fund is hedging against AI hype and market excess.
Airbnb's New Rule Rattles Sentiment Ahead of Earnings
Airbnb's New Rule Rattles Sentiment Ahead of Earnings
Airbnb is scrapping checkout chores, delighting guests but angering hosts. Could the shake-up bring higher prices and new headaches for the rental giant?
‘Old Economy’ Comes Back As Conflict and AI Spark a Global Resource Crunch
‘Old Economy’ Comes Back As Conflict and AI Spark a Global Resource Crunch
Physical resource scarcity is reshaping global markets. Discover key trends across oil, AI power needs, metals, and agriculture.
$600B Tech Wipeout Meets $1.48T Margin Debt
$600B Tech Wipeout Meets $1.48T Margin Debt
A two-day tech rout erased more than $600 billion in market value from Alphabet (NASDAQ:GOOGL) and Intel (NASDAQ:INTC), as investors punished cash-draining AI spending. Outside of Alphabet, that posted a second
A Mega-Mine Pause Fails to Lift Copper As the AI Trade Cracks
A Mega-Mine Pause Fails to Lift Copper As the AI Trade Cracks
Rio Tinto halts Oyu Tolgoi amid global copper disruptions. See how operational risks and AI demand shifts are impacting metal prices.
Beyond the Fed’s Pause: Savers Win, Borrowers Pay, and Oil Fuels the Dollar
Beyond the Fed’s Pause: Savers Win, Borrowers Pay, and Oil Fuels the Dollar
Borrowing costs surge while cash savers finally win. Explore how high bond yields, costly oil, and Fed policy shape U.S. finances.
S&P Changes the Rules - Here's New Value Vs. Growth
S&P Changes the Rules - Here's New Value Vs. Growth
S&P Dow Jones changes growth & value index criteria, triggering a massive ETF reshuffle before year's end. Here is what to know.
'Another Golden Asteroid Story': Why Lab-Made Gold Won't Crash Bullion
'Another Golden Asteroid Story': Why Lab-Made Gold Won't Crash Bullion
A startup claims it turned mercury into real gold using fusion neutrons, but experts urge caution on cost and scalability.
Microsoft's AI Data Center Misfire Exposes a Brutal Reality: Billions Can't Buy Time
Microsoft's AI Data Center Misfire Exposes a Brutal Reality: Billions Can't Buy Time
Microsoft's Nvidia-backed AI data center in Essex, UK, hit a major roadblock as grid delays push power access into the 2030s, exposing AI's costly infrastructure bottleneck.
What Newmont’s Outperformance and Extreme Short Data Reveal About Gold
What Newmont’s Outperformance and Extreme Short Data Reveal About Gold
Gold and silver hit extreme oversold levels as analysts signal selloff exhaustion. Discover why top traders are turning bullish.
A $1 Trillion Depreciation Bomb Is Ticking Beneath the AI Market
A $1 Trillion Depreciation Bomb Is Ticking Beneath the AI Market
Wall Street’s record profit boom looks less like a productivity miracle and more like an accounting mirage, and the bill comes due by 2030.
Strategic Petroleum Reserve Is Emptying, Here’s Why Permian Producers Can’t Fill It Up
Strategic Petroleum Reserve Is Emptying, Here’s Why Permian Producers Can’t Fill It Up
U.S. SPR crude reserves hit a 1982 low of 282.7M barrels. Bottlenecks and cautious Permian drillers prevent a quick refill.
Anthropic’s Path to $1.5 Trillion Demands 30% Margins: Plausible, but Delivering Is Another Matter
Anthropic’s Path to $1.5 Trillion Demands 30% Margins: Plausible, but Delivering Is Another Matter
Aswath Damodaran warns Anthropic’s $1.5T IPO is about pricing, not intrinsic valuation. ARR may mask deep cash flow risks.
Lithium’s $100 Billion Supply Gap Hands Albemarle a Domestic Moat
Lithium’s $100 Billion Supply Gap Hands Albemarle a Domestic Moat
Global lithium demand will triple by 2050, driven by EV growth, grid storage, and Western reshoring. Discover key market insights.
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