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Macro

Understand the fast-changing domestic and global economic forces under the tectonic plates driving our markets.

Latest: Macro

Macro

US tariffs, global trade & disinflation in the rest of the world

A more insular US economy is affecting world trade, but there is no sign yet that it is mildly disinflationary for the rest of the world.
Kieran Davies
Coolabah Capital
Macro

Bubble trouble – is AI enthusiasm driving a bubble in shares?

Bubble fears are back. As AI stocks soar and valuations stretch, Shane Oliver weighs what’s hype, what’s real, and what investors should do.
Shane Oliver
AMP
Macro

"It feels exactly like 1999’: Paul Tudor Jones sees one last run before the mania ends

The billionaire who predicted the 1987 crash says markets are primed for one last melt-up and reveals what he’s buying before it all ends.
Vishal Teckchandani
Livewire Markets
Macro

September markets wrap: Inflation, rate caution and sector shifts shape ASX

ASX slipped last month, weighed by energy and staples, while global shares surged on US rate cuts, AI optimism and China stimulus hopes.
Bob Cunneen
MLC Asset Management
Macro

Why the Fed is shifting focus from inflation to unemployment

The US labor market is weaker than the headline suggests, and this is exactly what the Fed is beginning to acknowledge.
Henry McVey
KKR Australia
Macro

Boom and bust in developed markets

A look at the long-term trends/cycles and the current valuation divide within Developed Market equities.
Callum Thomas
Topdown Charts
Macro

Five risks for 2026

What should you be looking out for as 2025 hits its final quarter? I share five risks that investors should consider as we approach 2026.
Isaac Poole
Ascalon Capital
Macro

Mercantilism with American characteristics

In our view, the complexity of today’s market and geopolitical climate make it especially risky to leave portfolios on autopilot.
Dan Farmer
MLC Asset Management
Macro

Trump's new economic order is here to stay

The ship has sailed on the US president's brave new trade world and the ramifications will be huge for everyone.
Tom Stelzer
Livewire Markets
Macro

When to expect the next rate cut

…and the state of the Australian economy.
Sara Allen
Livewire Markets
Livewire Live

How to embrace the chaos clouding markets

If you’re betting on bear markets or mean reversion to pull asset prices back to earth, you’re stuck in a bygone era, says Viktor Shvets.
Vishal Teckchandani
Livewire Markets
Macro

Medium term investment returns face five key constraints

From boom to constraints. Super returns once soared on tailwinds, but five mega trends now point to lower gains ahead.
Shane Oliver
AMP
Macro

Central banks struggle to regain the rates narrative

Amid the uncertainty, relative value opportunities are emerging.
Ashok Bhatia
Neuberger Berman
Macro

The factors driving Eurozone investment potential to the next level

The world is shifting, in terms of power, trade and allegiances – all of which will have significant implications for Europe.
Chris Iggo
AXA Investment Managers
Macro

Super funds buy expensive bank stocks

Pension funds have been the main buyer of bank stocks, while investment funds have been the main seller, along with households.
Kieran Davies
Coolabah Capital
Macro

Echoes of 1998: Navigating the Fed's decisions amidst a new market mania

Rate cuts once lit a fuse in 1998 - today’s frenzy feels familiar. Are we entering the final, frothy stage of a long bull?
Tom Stevenson
Fidelity International
Macro

J.P. Morgan: Where stocks go next after Fed rate cut

A new rate-cutting cycle is good news for equities, but investors shouldn't get complacent, says global market strategist Kerry Craig.
Tom Stelzer
Livewire Markets
Macro

Fed data dependence means less dovish rates pricing now to contain the risk premium in bonds

Fed trims rates 25bps; Powell cautious, data-driven stance curbs market hopes for deep cuts as yields edge higher.
Damien Boey
Wilson Asset Management
Macro

Fed is taking the no-risk free path to cuts

As widely expected, at its September meeting the Federal Open Market Committee (FOMC) decided to lower its benchmark policy rate by 25 basis points to 4.00%-4.25%....
Seema Shah
Principal Asset Management
Macro

Markets on edge ahead of Fed rate call as tariffs and rising recession risks threaten to sink US economy

Tonight’s Fed rates call may set the tone for a slowing US economy, as tariffs, weak growth, and other policy missteps risk a US recession.
BHP
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Carl Capolingua
Livewire Markets
Macro

Time for the Fed to act

The equity market is more excited about lower short-term rates and bond yields than a weakening jobs market.
Chris Iggo
AXA Investment Managers
Macro

Real economy vs stock market economy: why GDP ≠ equity returns

The stock market isn't the economy. That line gets thrown around a lot—but what does it actually mean for your investment portfolio?
Damien Klassen
Nucleus Wealth
Macro

Gold at record highs – can it keep going? Implications for investors

Gold keeps smashing records, but is it inflation fears, geopolitical shocks or debt worries? Here’s why investors are watching closely.
Shane Oliver
AMP
Success and More Interesting Stuff

Viktor Shvets: The end of cycles and the cost of progress

Abundant capital has changed markets forever. Viktor Shvets on the end of cycles, rising inequality, and the politics shaping returns
Matthew Kidman
Centennial Asset Management
Macro

Bearishness as a business model

Permabears gain standing from scary stories, but the real cost is carried by those who stay out of markets and miss long‑term gains.
Anthony Doyle
Pinnacle Investment Management
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