Breakouts galore across all risk and equity markets in the wake of the “surprise” 50bps rate cut from the Federal Reserve as Wall Street hits a new record high and the USD is sold off resoundingly. The S&P500 hit a new record high with the NASDAQ not far off, spurred by foreign buying as recovered
The Australian Bureau of Statistics (ABS) released demographic data for the March quarter of 2024, which revealed that net overseas migration (NOM) has blown way past the May federal budget’s projections. Australia received 133,800 net overseas migrants in Q1 2024, which was the third-highest quarterly volume on record: The May federal Budget projected 395,000 NOM
I have repeatedly labelled the 90-kilometre Suburban Rail Loop (SRL) the worst infrastructure project Australia has ever seen. This project was the thought bubble of former Premier Daniel Andrews announced in the lead-up to the 2018 State Election. The full three states of the SRL were initially announced to cost $50 billion, but the cost
Earlier this month, the chair of Australia’s National Housing Supply and Affordability Council, Susan Lloyd-Hurwitz, attacked the federal government’s international student caps and downplayed their impact on the rental market by citing spurious Student Accommodation Council (SAC) report. Caps on international student numbers would likely have “very little effect” on housing supply, according to Ms
Jean Appleton, ‘Bush landscape with rocks’ 1953, Art Gallery of NSW AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK100 Japan 225 Frank Black, Man of Steel Stan Ridgway, Luther played guitar Distillers, City of
Nice video from Bloomie: However, this admirable fellow is tilting at windmills. There is no way that the greedy and corrupt Aussie political economy can reform so comprehensively. What hope is there with those who are 100% to blame for the crisis lie so comprehensively: Australians want their leaders to act now to make housing
China fanboi, Ray Dalio, is abandoning the joint: The notion that these “real issues” have emerged in the last four years is silly. They’ve been coming for well over a decade while Dalio upsold the place. Is it time to buy as Dalio capitulates? With nominal growth buggered, driving deflation and weak profits, the answer
The weirdo hanging around a Mar-a-Lago with an AK-47 appears to have done Donald Trump no good in polling. Kamala Harris has extended her lead in recent days: Across the polling aggregates: Betting markets are shifting too: And Pennsylvania, the most likely swing state: It’s still close but feel the joy!
The bank bubble is now so large that it has become a standing joke among brokers: Relative to international peers is hilarious: CBA is now part of the Mag 8, valued between Google and Microsoft. The only difference is they have tearaway earnings growth versus the CBA’s donut: What will bring this comedy festival to
Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, checks in on the biggest stock market trends: AI and weight loss drugs. Are they overheated? What are the latest developments and should you still be invested in these companies? Can’t make it to the live series? Catch up on the content