The Market Ear with the latest equity internals. Do we see a magnificent ATH? MAG 7 index broke well above the short term range yesterday fuelled by the Tesla squeeze. We are not far from ATHs, and the crowd isn’t long enough of Mag stuff these days… Refinitiv THE spread We have seen the AAII
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You won’t hear it from the gas cartel-sponsored Grattan Institute but there is a mounting body of evidence that LNG fugitive emissions are calamitous for climate change. Liquefied natural gas (LNG) exports from the United States have risen dramatically since the LNG-export ban was lifted in 2016, and the United States is now the world’s
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Labor has lost power in Queensland after incurring a swing of more than 7% against it. However, there are claims the swing would have been worse if not for some of the ‘populist’ cost-of-living measures proposed by outgoing Premier Steven Miles. As a result, Prime Minister Anthony Albanese is being urged to adopt some of
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Westpac estimates that the stage-three personal income tax cuts have injected an additional $6.4 billion into the economy since they took effect on 1 July. However, analysis of one million Westpac bank accounts suggests that about 84% of this money has been put into offset and deposit accounts rather than being spent. Westpac economist Jameson
Last year, former Home Affairs Minister Claire O’Neil decried the temporary nature of Australia’s migration system, claiming that it was holding the country back. “Today, really for the first time in our modern history, our uncapped, unplanned temporary program is the centrepiece and driver of our migration system. This simple fact is the source of
Palliative Care Australia Media Release A survey of the palliative care workforce has highlighted the growing intersection with Voluntary Assisted Dying (VAD) and some of the issues health professionals and the people and families in their care are facing. Findings from the national survey conducted earlier this year by Palliative Care Australia (PCA) will be…
Usually, this kind of arrogance creeps in after two or three terms of government. The Albanese government got a head start, thanks to its dodgy leader. In recent months, we have watched on as Albo allocated $100m to upgrade the road to Avoca to his recently purchased $4.3m lovenest on the ocean at the end
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Friday saw a rebound in steel: And iron ore: After a series of stimulus positive comments about the forthcoming NPC scheduled immediately after the US election. The scenario in which iron gets a boost from a large fiscal number is the Trump victory. Even then, it will only be minor because property and infrastructure are
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Friday night saw the release of the latest US consumer sentiment figures that ended up pushing risk sentiment lower as the USD was bid higher against everything but gold while bonds and stocks sold off. Only tech stocks advanced on Wall Street with equity futures indicating a poor start for Asian shares this week. The
The post Macro Morning appeared first on MacroBusiness.
The Australian Bureau of Statistics (ABS) released its annual national accounts for the financial year 2023-24, which include detailed information on land values. Land values supporting the Australian housing market grew by 8.8% in the 2023–24 financial year. Australia’s land was valued at $9.2 trillion in 2023-24, with residential land ($7.7 trillion) comprising 84% of
We have passed the whimsical age
Without a whimper of critical blue rage
Way gone the satirical era of permanent uproar
To contemplate once more the deadly idea that war
Was a dangerous step to turn the page
I was looking at the screen of my radar machine
On the SSS Ford aircraft carrier for death-polished sheen
It went blank and dark then was messaged with a warning
By James Moore I had been rolling down Ranch Road 39 beneath the tall cypress trees that separated the pavement from the crystalline waters of the Guadalupe River. Moving toward the October sun in the west the light sent fluted shadows across the roadbed that gave the flashing illusion of varying speeds and distance, which…
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