Tesla has finally, sort of, launched driverless cars. Waymo is doing 250,000 trips per week. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen look at the big picture for driverless cars and what they mean for investors. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.
Recently the topic of the total proportion of the population made up by migrants has been making headlines in the United States, Britain and parts of Europe. This prompted quite the level of conversation on social media, so I thought it would be interesting to see where Australia stands both relative to itself historically and
Goldman with the note. Price data through May provide preliminary evidence on how tariff costs are being divided among foreign exporters, US businesses, and US consumers. Foreign exporters might absorb some of the costs by lowering their export prices to the US, which would show up as lower US import prices. Although aggregate US import
What a goose Albo is. He’s put Rudd in Washington to torpedo ANZUS and then used that as an excuse to cuddle up to Beijing. But the bill is coming due. A Trump administration review of the $368 billion AUKUS pact could see the US demand Australia pay more for submarines, The Sydney Morning Herald
The Market Ear with more. Negative asymmetry for equities near-term Goldman’s macro strategists are not buying the summer melt-up thesis and are sounding more cautious than in a while. “We are tactically neutral in our asset allocation (OW cash, N equities/credit/bonds, UW commodities). We still expect a worsening growth/inflation mix in 2H and elevated risk
This is the ship of fools that nearly cut rates 50bps in May, then didn’t cut at all in the following meeting despite an economy that had clearly deteriorated. Chair Michele Bullock is not a macroeconomist. Deputy chair Andrew Hauser is a macroeconomist Marnie Baker AM is not a macroeconomist. Renée Fry-McKibbin is a macroeconomist.
DXY is trying to rally. AUD has flamed out despite RBA’s inept monetary policy. Lead boots are going downhill again. Gold is shaky, oil stupid. The copper chaos intensifies. Miners meh. EM meh. Junk up. With yields down. A stalled EUR is rescuing stocks. UBS captures the moment. British pop group Bucks Fizz gained international
Overnight saw Wall Street rebound on the back of tech stocks with NVIDIA leading the way while broader industrials were dragged along amid the tariff chaos. Its becoming increasingly clear the Trump regime is using the tariff mechanism to browbeat, bully and extort trading “partners” not due to trade imbalances (real or imagined) but as
Most Asian share markets are lifting higher despite a very weak lead from Wall Street, while local stocks are taking a double whammy due to the expected rate cut from the RBA turning into a hold and then the Trump regime’s bullying tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way,
Since the issues facing China’s property sector exploded into mainstream view in 2021, it has been a rollercoaster ride of different perspectives and scenarios on how it will all play out. While the issues faced the Chinese economy have now faded from the headlines, the reality is the risks within the Chinese economy remain significant,