DXY was back but then not. AUD put in an impressive hammer candle bottom. I’m baffled by the reaction of auld lead boots. Oil down, gold up. Commods mixed. Miners meh. EM lol. Junk whacked. Yields hardly moved. An extinction-level asteroid could hurt stocks. Pretty wild pump and dumps on this. Lol, Mexican troops to
“Show me the incentive and I’ll show you the outcome”. This famous quote was coined by legendary investor and Berkshire Hathaway vice chairman Charlie Munger in a 1995 Harvard speech. Munger’s quote encapsulates a fundamental truth about human behaviour and its impact on business and government. It also applies to Australia’s gargantuan National Disability Insurance
Mind the gap! The new trade war over the weekend, which is set to escalate further as the world pushes back at the Bully-in-Chief sent, well everything risk associated lower with Asian stock markets the first casualties. Currency markets all experienced wide 100-200 pip gaps on the open this morning as the USD soared against
Deutsche with the note. First, we consider the announcements to be at the most hawkish end of the protectionist spectrum we could have envisaged. The speed of implementation (Tuesday 12:01am EST), the scope (all goods are covered, including small parcel goods previously exempted) and the breadth (approximately 44% of total US imports) are all aggressive. It
The Market Ear with the latest update on equity internals. That was quick SPX approaching range highs soon. Monday’s intraday lows actually touched the 100 day… Refinitiv Vulnerable shorts 1. Post-Monday’s AI selloff, long positions have become cleaner as “risky” longs were sold. 2. Monday saw the highest net selling since September 2024, driven by
CoreLogic data shows that national rental affordability hit an all-time low at the end of 2024, with 33% of median household income spent on the national median rent. According to CoreLogic, this followed a 37% increase in asking rents over the past five years, whereas PropTrack reported a 47% increase in rents over the same
This is not a debate. It is propaganda from both sides. Opposition Leader Peter Dutton has claimed his nuclear energy policy would cut power bills by 44 per cent, but analysis by the renewables sector warns it could actually drive up electricity costs by more than $1000 a year for millions of Australians with rooftop
They say that the fish rots from the head, and there is no better example than Michael Stutchbury and the AFR. The decomposing marine skull is no longer the editor, but he still writes biased drivel. This week’s CPI reading showing annual underlying inflation easing to 3.2 per cent in the last three months of 2024 suggests
The Australian dollar has gapped into madness this morning following El Trumpo tariffs. DXY to the moon! AUD positioning is very short but not extremely so. Likewise the DXY long. If Canada, Mexico or China respond in kind, this is going to go nuclear.
Victoria’s net debt is the worst in the nation, with the state having the lowest credit rating. The “ruinously expensive” Suburban Loop Project (SRL) risks worsening the debt situation. The independent Parliamentary Budget Office (PBO) projected that the cost to build and run all three planned stages of the SRL would cost more than $200