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Macro

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

Latest: Macro

Macro

Tariff Turmoil

A topic front of mind for every investor at the moment is the potential impact of tariffs on the global economy. The Trump administration in the US has imposed tariffs...
Jonathan Kearns
Challenger
Macro

Fewer births, tighter borders. Who will drive the next phase of growth?

With birth rates falling and immigration facing political pushback, what does that mean for future economic growth and equity markets?
Alex Cathcart
Drummond Capital Partners
Macro

The case for optimism: Inside our macro pivot this month

Trump’s pivot on fiscal and trade policy has changed our macro view. We no longer expect a recession - here’s why we’ve turned bullish.
Xinyu Ru
Fawkes Capital Management
Macro

President Trump’s policies and the equity risk premium – the good, the bad and the ugly

Shares have rebounded on Trump’s tariff retreat, but his erratic policy shifts could weigh on long-term return expectations.
Shane Oliver
AMP
Macro

Tariffs, policy, and valuations

Given US equities’ recent performance investors will be assessing what conditions are necessary to re-enter the market.
Chris Iggo
AXA Investment Managers
Macro

US CPI is good news, but old news

The April CPI report was lower than expected, bringing the annual headline increase to 2.3%, the smallest year-over-year gain since February 2021. Core inflation was...
Seema Shah
Principal Asset Management
Macro

Trump announces 90-day trade truce on China

The U.S. and China have announced that they will temporarily lower tariffs on each other's exports, with the U.S. reducing its tariffs on China from 145% to 30%...
Seema Shah
Principal Asset Management
Macro

Shares recover 'liberation losses' - the week ahead

The stock market roller-coaster has continued with the S&P 500 notching up nine consecutive daily gains and the FTSE 100 up 15 days on the trot. The latest rally means...
Tom Stevenson
Fidelity International
Macro

Tariffs, turbulence, and the new global order

The 2025 trade shock redrew economic lines. With alliances shifting, what does it mean for investors in a fractured world?
Tim Davies
Carrara Capital
Macro

FOMC holds rates as they wait for more clarity

As expected, the Federal Open Market Committee decided to keep its benchmark policy rate unchanged at 4.25%–4.50% at its May meeting. The Fed continues to see the U.S....
Seema Shah
Principal Asset Management
Macro

Are US Treasuries no longer a safe haven?

In all the chaos of the past few weeks in the world of financial markets, the most alarming development has been the rise in US bond yields, even while stock markets...
Janu Chan
Bitesized Economics
Macro

Lies, lies and GDP statistics

Get long...
Callum Newman
Fat Tail Investment Research
Macro

Trump vs The Fed - What's next?

President Donald Trump’s longstanding criticism of Federal Reserve (Fed) Chairman Jerome Powell—ironically, someone Trump himself appointed during his first...
Seema Shah
Principal Asset Management
Macro

Solid momentum in US Jobs report play before the tariff hit

The April jobs report showed a solid 177,000-worker boost in payrolls, above consensus expectations, suggesting the impact of trade war-related uncertainty has yet to...
Seema Shah
Principal Asset Management
Macro

Liberation Day and the road to recession?

The US is redrawing the trade map. China’s not backing down. Investors should brace for impact.
Xinyu Ru
Fawkes Capital Management
Macro

Why Europe is back on the global investor map

High-quality European Companies at Compelling Valuations
Garry Laurence
Profeta Investments
Macro

April 2025 Podcasts

Below is a summary of the topics we covered on Nucleus Investment Insights this month. See the links for more information.
Damien Klassen
Nucleus Wealth
Macro

How are Asian markets staying resilient despite Trump's tariffs?

Hang Seng leads global markets as China weathers the storm
NYSE:JD
Garry Laurence
Profeta Investments
The Rules of Investing

Tough medicine: Trump 2.0 is a structural break for economies and markets

Koda Capital’s Brigette Leckie says tariffs are here to stay and that means a period of adjustment for economies and stocks.
The Rules of Investing
Livewire Markets
Macro

Investors breathe again after a wild ride

After a rocky week, as investors struggled to price in erratic US trade and tariff policy, markets seem to have regained their poise. Shares pushed higher all around...
Tom Stevenson
Fidelity International
Macro

Seven reasons Australia is likely to avoid recession from Trump’s shock

Australians may have less to fear from activities in the US than we realise.
Shane Oliver
AMP
Macro

US inflation: big fall in travel-related services

An oft-repeated mantra from the Trump regime is that tariffs in Trump’s first term barely affected inflation. Which is true.
Damien Klassen
Nucleus Wealth
Macro

Tariff whipsaw creates mixed signals and market shocks

Markets surged on hopes of a tariff reprieve, only to stumble as new details revealed deeper trade tensions with China. The whiplash underscores how fragile sentiment...
Seema Shah
Principal Asset Management
Macro

Don't be this investor

Should you invest now or wait for stock markets to settle? This is the number one question on every investor's lips. The answer:
Damien Klassen
Nucleus Wealth
Macro

Three scenarios to manage market turmoil

The range of scenarios is broad but can be grouped into rollbacks, reordering or retaliation to help manage investment risk.
Isaac Poole
Ascalon Capital
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