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Macro

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

Macro

It’s more uncertain today than at any time in my entire career

That is the perspective of David Rolley, Co-Head of the Global Fixed Income Team at Loomis Sayles who has worked in markets for more than 40 years. David thinks that...
Louise Watson
Natixis Investment Managers
Macro

From AI to alcohol-free: the forces shaping the winners and losers for 2025

Morgan Stanley names 4 global themes and unpacks Australia’s resilience, shifting consumer tastes, and the real risks in banks and tech.
Anna Dadic
Livewire Markets
Macro

The reasons to reduce your exposure to the world's biggest stock market are growing

A question facing investors today is whether a US equity bias within balanced portfolios has run out of road.
Tom Stevenson
Fidelity International
The Rules of Investing

Vimal Gor on the future of bonds, currencies, and why he thinks shares can rally

Vimal Gor is bullish and expects risk assets to rally as the US Fed cuts rates and liquidity is pumped into the financial system.
The Rules of Investing
Livewire Markets
Macro

ECB makes eighth cut this cycle

As expected, the European Central Bank (ECB) cut its policy rates today for the eighth time in this cycle, marking its seventh straight cut. The interest rates on the...
Seema Shah
Principal Asset Management
Macro

Keep the poise, ignore the noise

The global geopolitical and economic discourse has become confrontational. This creates uncertainty for investors. Sentiment is volatile.
Chris Iggo
AXA Investment Managers
Macro

The risk of a US public debt crisis - and implications for shares

It’s possible the $US is losing its ‘safe haven’ status.
Shane Oliver
AMP
Macro

The RBA marks down the neutral cash rate again

RBA staff have revised down the estimated neutral rate cash rate to c2¾%, although it is not clear if policy-makers take it at face value.
Kieran Davies
Coolabah Capital
Macro

It's very clear who Aussie equity investors should be supporting in State of Origin

And the world should watch out if Queensland wins the 2025 series
Anthony Doyle
Pinnacle Investment Management
Macro

Why bitcoin isn't the future of money, and you won't escape CGT on sales

Bitcoin won't work as money, although tokenising assets like stocks and shares may be the future of money. Here's why.
Tom Richardson
Livewire Markets
Macro

A deeper easing cycle than suspected by most

Despite attempts by central banks to improve communication, the reality is they continue to communicate in riddles. However, every once and while a central bank...
Tim Toohey
Yarra Capital Management
Macro

Beyond tariffs

Despite concessions, the trade war still entails a very large shock for the US economy.
Chris Iggo
AXA Investment Managers
Macro

Why Trump's Big Beautiful Budget Bill could light another fire under bitcoin, gold

A signature piece of tax and spending legislation is passing through Congress with potentially huge implications for asset prices.
Tom Richardson
Livewire Markets
Macro

This time is different: Learnings from a shifting global regime

An update on our learnings post-U.S. election tax debates, ‘Liberation Day’, and travels both abroad and at home in early May.
Henry McVey
KKR Australia
Macro

The drivers of higher US bond yields

Higher US bond yields reflect a higher expected future real short rate, the return of a real term premium & higher expected inflation.
Kieran Davies
Coolabah Capital
Macro

Bulls vs bears: Which sectors are investors backing and bailing on?

Tech remains the darling, while interest rate-sensitive sectors have turned more bullish as RBA rate cuts come through.
Anna Dadic
Livewire Markets
Macro

Australia’s central bank finally confronts reality

RBA cuts interest rates again by 0.25% to 3.85% in May 2025
Bob Cunneen
MLC Asset Management
Macro

Betashares economist says RBA could slash rates to 2% if US enters recession

David Bassanese says his base case is the RBA takes rates to 3.35% this year, while other economists warned the cut is a mistake.
Tom Richardson
Livewire Markets
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
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