Blogotariat

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines the political storm hitting the healthcare sector — how comments and policy risks from Trump and RFK Jr. are weighing on valuations, whether today’s beaten-down prices could present a long-term buying opportunity, or if lasting damage to the sector’s economics and social licence

The post MB Fund Podcast: Vaccinate or Evacuate? appeared first on MacroBusiness.

Steel is in freefall again. This does not include yesterday, when rebar fell another 1.4% and HRC 1.2%. The ferrous jaws must close. Simandou is getting coverage everywhere now. Some nice images here from Bloomberg. But the AFR has a much better piece with some great detail. …most analysts are sceptical about the potential for

The post Bottom falls out of iron ore market appeared first on MacroBusiness.

Exclusively from Gerard Minack. Australia remains stuck in a macro rut as anaemic investment spending is stretched by a fast growing population.  The result is sluggish capital-to-labour growth and – remarkably – falling labour productivity.  The implication is that real wages cannot rise without creating inflation pressures.  Macro stagnation has gone together with falling corporate

Cotality’s house price results for October noted that values are growing more strongly at the lower-to-middle end of the market. Across the combined capital cities, dwelling values in October rose by 1.4% across the middle market and by 1.2% across the lower quartile, while the upper quartile values increased by only 0.7% over the month.

The post Property investors front-run first home buyers appeared first on MacroBusiness.

The fallout from last night’s selloff on Wall Street has hit most of Asian markets in today’s session although local shares escaped the carnage following yesterday’s hold from the RBA. The USD reversed slightly against some of the major currency pairs particularly the Australian dollar although the Canadian Loonie couldn’t find any support as the

The post Macro Afternoon appeared first on MacroBusiness.

The past month has seen a procession of opinion polls proving that Australians reject excessively high immigration levels. Polling by Macquarie University’s Housing and Urban Research Centre showed that two-thirds (66%) of respondents believe that Australia should reduce the rate of immigration to address the housing crisis: Resolve Political Monitor’s polling of 1,800 Aussies from

There is nothing gold likes less than a strong DXY supported by a hawkish central bank. The Market Ear. Watching $3900 Gold putting in another big down candle. $3900 is the line in sand level to watch (50 day comes in slightly lower). A close below that area and things could accelerate further to the

The post Into the golden toilet appeared first on MacroBusiness.

WA's main grid - the biggest isolated system in the world - hits a remarkable new renewables peak of 89 per cent, driven mostly by rooftop solar.

The problem with wind and solar power is that they are weather-dependent and intermittent. Renewables don’t balance supply with demand. They supply too much power when it isn’t needed (e.g., in the middle of the day) and minimal power at other times, including the evening peak. This solar glut can also force energy regulators to

The post Albo launches new energy gimmick appeared first on MacroBusiness.

The jaws must shut to restore steel mill profitability. The range trade must break down. Scuttlebutt is nasty. Iron ore prices typically rebound from early November to February before easing. However, significant losses from winter stockpiling in recent years, along with current high operating rates, may curb stockpiling enthusiasm this year, said Chinese broker Zhongtai

The post Iron ore threatens breakdown appeared first on MacroBusiness.

Wall Street corrected sharply overnight led mainly by tech stocks as the NASDAQ fell back nearly 2% in response to a variety of concerns – mainly the looming spectre of stagflation – but also some disappointment around earnings at the orc-stronghold of Palantir. The USD is pushing higher against all the majors with the Canadian

The post Macro Morning appeared first on MacroBusiness.

Installation completed of all 66,000 solar panels at what will be Australia's largest off-grid renewable project, as another remote mine shifts from fossil fuels.