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Dutton’s imaginary small modular nuclear future cancelled

November 29, 2023 - 10:40 -- Admin

It never existed, and now even the manufacturer has abandoned the project: A plan to build a novel nuclear power plant comprising six small modular reactors (SMRs) fell apart this week when prospective customers for its electricity backed out. Utah Associated Municipal Power Systems (UAMPS), a coalition of community-owned power systems in seven western states, withdrew

Macro Morning

November 29, 2023 - 09:00 -- Admin

Bond yields fell back slightly alongside the USD overnight on the back of mixed US economic data and reactions to a slew of Fed speeches, while stock markets coasted through without much volatility. The US Dollar Index is off over 0.4% against the undollars with the Australian dollar surging well above the 66 handle to

Aussie home buyers hit with ‘triple whammy’

November 29, 2023 - 00:05 -- Admin

The ANZ CoreLogic Housing Affordability Report for November is out and shows that affordability has worsened for prospective buyers, mortgage holders and renters, with worse to come in 2024. Prospective home buyers face a triple whammy of factors conspiring against home ownership. First, rents are rising strongly, which makes saving a deposit more difficult. It

Macro Afternoon

November 28, 2023 - 17:00 -- Admin

Asian share markets are struggling to post positive returns with the USD coming back slightly after a stumble on Friday night with Wall Street expected to again open a little lower following the wobbly session post the Thanksgiving holiday and absorbing last night’s disappointing home sales data. Oil prices are trying to stabilise with Brent

Stocks Icarus approaches the sun

November 28, 2023 - 14:30 -- Admin

Goldman with the note via ZH. Are we there yet? Yes. We have less than ~5 trading sessions left of peak flow-of-fund demand for 2023, and then the pain trade moves to the downside, no longer upside. These are the 13 flow-of-funds points on why the market will be choppy, trade sideways, more ups and