Charts from TME. Tech continues to range trade, reminiscent of 2024/25 when it ultimately fell out of bed. Tech volatility continues to trend higher as well One possible threat to tech is oil, which is pushing the upper limits of its downtrend. If it were to break out and put pressure on long-end yields, tech
The Albanese government’s expanded 5% deposit scheme for first home buyers came into effect on October 1, 2025. The First Home Buyer Guarantee program enables eligible buyers to purchase a home with a 5% deposit, with the federal government guaranteeing the remaining 15%. This means buyers avoid paying Lenders Mortgage Insurance (LMI), save $10,000–$30,000 depending
AGL Energy is the latest to warn that Albo’s gas dog’s breafast is delaying critical investment needed to prevent supply shortfalls later this decade. Chief executive Damien Nicks said the absence of detail about how the scheme would operate was already affecting contracting and capital decisions, cautioning that ambiguity risked chilling new supply. The federal
In this week’s podcast, MB Fund’s Chief Investment Officer, Damien Klassen, unpacks how AI is rapidly devouring the software sector — examining why AI leaders are absorbing ever-larger slices of market cap, what’s driving the widening performance gap, and what this power shift means for investors positioned in traditional software stocks. Join us when we
Data centres contribute significantly to greenhouse gas emissions, primarily through electricity consumption, and their impact is growing as demand for digital services increases. According to the International Energy Agency (IEA), data centres are responsible for approximately 1-1.5% of global electricity use, which translates to around 330 million tons of CO2 equivalent emissions annually. This figure
When your leadership challenge turns into a joke before it even starts, it’s not a good look. Crikey. I rarely agree with Crikey these days, but Bernard Keane is right about this. Is Angus Taylor carrying out the single worst major party leadership challenge in Australian political history? …The stuttering, bumbling, on-again-off-again nature of Taylor’s
Australians have a resolute belief in the property market. The discount variable mortgage rate has soared from a low of 2.4% in April 2022 to a peak of 6.25% between November 2023 and January 2025 before falling to 5.5% following last year’s three 0.25% rate cuts from the RBA. Despite the surge in mortgage rates,
It is almost certain that the Albanese government will make changes to the capital gains tax (CGT) discount in the upcoming May federal budget. The fact that senior Labor MPs have not ruled out changes in recent interviews suggests that changes to the CGT discount are afoot, backed by a broad coalition of supporters. The
In reality, the housing bubble has been eating into all levels of government budgets for many years. Stamp duty is a revenue component that has increased structurally over time. AHURI estimates that Australian governments have spent a total of $20.5 billion on first-home-buyer schemes of various kinds from 2012-2021. I’m guessing it is more than
DXY was firm overnight after a reasonable jobs report. AUD had another tearaway night. This story was not about US jobs, which should have capped it. It was about a rocketing JPY post-election and CNY still on the up. Oil and gold are both chasing Iran. AI metals were mixed. Big mining parabolas have never