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Macro Afternoon

July 15, 2024 - 17:00 -- Admin

The post Trump pot shot reaction on risk markets has been mixed with the USD climbing while bond markets have sold off slightly with a 5 point immediate rise in 10 year Treasuries. Today’s Chinese GDP print came in lower than expected while the CCCP has its Third Plenum meeting – not good timing! The

Why Australia’s unemployment rate is so low

July 15, 2024 - 12:00 -- Admin

Harry Ottley, Economist at CBA, has written the below excellent report explaining how government-aligned jobs such as those related to the National Disability Insurance Scheme (NDIS) has driven almost all of Australia’s job growth. As a result, the labour market appears to be somewhat disconnected from broader economic outcomes. Key Points: The labour market is

Australia’s hilarious bank bubble

July 15, 2024 - 11:30 -- Admin

There are good bubbles, such as the periodic tech booms that suck in capital and supercharge innovation. There are bad bubbles, such as those in real estate, which only temporarily inflate wealth and leave a destructive load of bad debt when they pop. And there are stupid bubbles, which add nothing much at all, then

Stocks to boom or bust?

July 15, 2024 - 11:00 -- Admin

The Market Ear leads us off. There are risks to megacaps. Consider yourself warned 1. The semis king supreme of the tech bull of 2000, Dan Niles, wants to be conservative in his positioning in Mag7 ahead of reporting. “I believe Thursday was a warning sign of what could occur if there are any disappointments

The iron ore scraptastrophe is here

July 15, 2024 - 10:30 -- Admin

Reuters is describing another problem for iron ore: China approved no new coal-based steel projects in the first half of 2024, researchers said on Thursday, accelerating its shift towards green production as it prepares for the impact of a new carbon levy on exports to Europe. Local governments approved 7.1 million metric tons of new

Trump unstoppable: markets

July 15, 2024 - 09:30 -- Admin

It appears a young Republican has given his life to make Donald Trump unbeatable in the forthcoming election. Polymarket: Amazing: Trump was already surging in poling prior to the shooting: For assets, this means a stronger DXY and stock market, weaker AUD and commodities.

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