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Macro

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

Macro

Aussie corporate insolvencies explode: 868 businesses go bust in May, highest since 2015

There has been a sharp increase in insolvencies, led by construction and hospitality, coupled with a huge rise in non-bank RMBS arrears...
Christopher Joye
Coolabah Capital
Macro

Charts of the week: China’s weak borrowing, central bank challenges, natural disasters

Chinese households avoid borrowing, Fed dot plot tightens, UK inflation crunch, OECD producer prices fall while CPI lags and more.
Macrobond Financial
Macrobond Financial
Macro

Why you should sell equities and buy government bonds now

With central banks near the end of the hiking cycle, it is time to sell equities and buy bonds. Lock in income and protection while you can.
Isaac Poole
Ascalon Capital
Macro

Central banks’ credibility is eroding

The RBA has a fight on its hand to convince the public it will crush this inflation crisis
Christopher Joye
Coolabah Capital
Macro

History points to the risk of tight monetary policy

Past rate hike cycles have seen tight monetary policy to control inflation.
Kieran Davies
Coolabah Capital
Macro

Is there any incentive left to own stocks?

One chart from Pictet Asset Management is creating a lot of buzz online - but is its argument valid?
Hans Lee
Livewire Markets
Macro

Investors should beware another false dawn

Is the recovery since October the real McCoy or just another bear market rally?
Tom Stevenson
Fidelity International
Macro

RBA risks a hard landing

Diving into the rationale behind the RBA’s recent decisions, as the economy is demonstrating classic signs of a tipping point
Tim Toohey
Yarra Capital Management
Macro

Confidence in central banks takes a hit

Credibility with the public reduces the economic cost of controlling inflation
Kieran Davies
Coolabah Capital
Macro

AI's role in sustainable investing

May seems to have been the unofficial artificial intelligence (AI) month. Every day seemed to bring a new development, every conversation seemed to include it, every...
Ted Franks
Pengana Capital Group
Macro

Currency volatility, Blue Chip and El Niño

This week’s charts begin by visualising volatility in the foreign-exchange market over the decades
Macrobond Financial
Macrobond Financial
Macro

The lucky country has become the lazy country

Businesses appear focused on paying shareholders rather than building new equipment/technology, creating a productivity/inflation problem.
Christopher Joye
Coolabah Capital
Macro

Stanley Druckenmiller's top 3 concerns in 2023 + the sector he is bullish on

The fund manager who bet $200 million against internet stocks in 1999 and lost, now has a new long trade.
Hans Lee
Livewire Markets
Macro

Chris Joye - Cash is king

In this episode, David is joined once again by Chris Joye, Chief Investment Officer at Coolabah Capital. They discuss the current state and future of various asset...
David Clark
Koda Capital
Macro

Central bank balance sheets, retirees and the big three Aussie exports

This week’s charts begin by examining the relationship between central banks’ balance sheets and stocks.
Macrobond Financial
Macrobond Financial
Macro

Why the cash rate could hit 5pc before the RBA is done

With labour costs, not profits, the biggest driver of inflation, the RBA will have to go higher to crush Australia’s wage-price spiral.
Christopher Joye
Coolabah Capital
Macro

Why America’s now in recession – and what it means for Australia

Leading indicators, weekly earnings and hours worked, GDI and productivity are all falling. That’s bad for Aussie as well as U.S. equities.
Chris Leithner
Leithner & Company Ltd
Macro

Strong unit labour costs continue to drive high domestic inflation

Strong unit labour costs account for the bulk of high domestic inflation.
Kieran Davies
Coolabah Capital
Macro

Monetary policy changing the goalposts

Australia has been delivered another rate hike in an attempt to "quash" inflation. This month I debate with special guest Tim Toohey, Head of Macro and Strategy, the...
Darren Langer
Yarra Capital Management
Macro

The RBA hikes again & signals the risk of more to come

The RBA is worried by high inflation and wants to anchor expectations.
Kieran Davies
Coolabah Capital
Macro

The RBA hikes rates for the 12th time. But one recession signal suggests it is already too late.

Purely on inflation, the RBA has a lot more work to do. But look at any other economic indicator and you might find a different story.
Hans Lee
Livewire Markets
Macro

US employment market: weakening but still relatively robust

While the US employment market continues to weaken, the latest BLS data shows that as it currently stands, it remains relatively robust.
Steven Anastasiou
Economics Uncovered
Macro

Charts of the Week - Bank stress, US drought and China’s shoppers

This week’s charts begin by breaking down trends in US bank lending as concerns about a credit crunch persist.
Macrobond Financial
Macrobond Financial
Macro

House prices to get whacked by rates again

Given unchanged productivity and higher wages, the RBA will be projecting even higher inflation, meaning more rate rises.
Christopher Joye
Coolabah Capital
Macro

These sectors are in the firing line as Middle Australia suffers

The recent CPI figure is just another indicator that the RBA is not finished, with others outlined below.
Richard Coppleson
Bell Potter
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