Overnight saw Wall Street take a hit on tech stock earnings with Apple the next cab off the rank this evening. Microsoft slumped while Meta surged as Tesla stumbled, while European stocks remain hesistant as the war drums are beating in the Middle East. Oil prices continue to surge on the upcoming Iranian/US war while
For most of the history of modern economies, one of the most vital indicators for economic health was the volume and value of goods moving through a nation. To quantify this, the Cass Freight Index began producing data on this subject for the U.S. economy way back in 1955. Perhaps the most useful element of
Australia’s energy demand will soar over the coming decades due to a combination of rapid population growth, the mass build-out of data centres, and the likely need for a fleet of energy-hungry water desalination plants. The latest projections from the Centre for Population, released this month, show that the nation’s population will balloon by 13.4
Asian share markets are generally higher as all risk markets look on with hesitation around the seemingly inevitable Iran/US war as both oil and gold prices blowout. This is keeping the Australian dollar on a tear as it barrels in on the 71 handle while other undollars took a breather overnight after a wide dumping
To the rescue! A Bloomberg Intelligence gauge of Chinese developer stocks jumped as much as 8.1% Thursday, the most since July. Among the top gainers was Sunac China Holdings Ltd., which surged 28% at one point in Hong Kong. Country Garden Holdings Co. also added nearly 22%. This followed a report by Beijing News late Wednesday
Charts from TME. All-time highs again, with nowhere to go as volatility climbs on safe haven bids. Skew climbing with tail risks. Long gamma a big headwind as, “gs futures strats calculate $6bn of long gamma at spot, which increases to $12bn long gamma +100bps higher… in english, a 100bps rally in spx cash creates supply
Chris Joye, a portfolio manager with Coolabah Capital, recently wrote an article in the Australian Financial Review arguing that the expansion of government spending was placing upward pressure on inflation and, by extension, interest rates. “At the federal level, the annualised monthly trend budget deficit has deteriorated rapidly from $12 billion in December 2024 to
More evidence today of China’s Great Depression. The PBoC January survey is a doozy. Goldman adjusts these figures seasonally. Loan approval: 53.4 in Q4 2025 compared to 53.8 in Q3 2025; loan demand: 56.1 in Q4 2025 versus 57.7 in Q3 2025 Sentiment toward monetary policy for the upcoming quarter: 71.5 in Q4 2025 compared
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, is joined by David Llewelyn-Smith of MacroBusiness to examine the latest slide in the U.S. dollar—unpacking whether this is just a short-term pullback or an early sign the broader USD tide is turning, and what a sustained shift could mean for global markets and
By Stephen Saunders Anthony Albanese’s responses to Bondi hew to a script. Unpopular mass migration must continue—at any cost. Citizens must be socially “cohesive”—or else we’re racist. Less than 24 hours after Bondi’s studied sectarian slaughter—a ghastly new “landmark” for Australia—Prime Minister Anthony Albanese and his press gallery chooks had already agreed to a