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Macro

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

Macro

Bassanese Bites: The Fed should hike rates by a full percentage point next month

Global MarketsGlobal equities consolidated last week after solid gains over the previous two weeks, with the most notable market movement being a sharp drop in oil...
David Bassanese
Betashares
Macro

Numbers over narrative

There’s an old joke about one person asking another how to get somewhere. The answer: “First off, I wouldn’t start from here.” That punchline works for an investor...
Chad Padowitz
Talaria Asset Management
Macro

5 great charts on investing that are particularly useful in times of uncertainty like the present

At its core, the basic principles of successful investing are simple & timeless, explains Shane Oliver from AMP Capital. One way to demonstrate that is in charts or...
Shane Oliver
AMP
Macro

Sky-high vacancies suggest the jobless rate will decline further to 3-point-something per cent ...

Recent data on both job vacancies and worker mobility show that Australia's labour market is continuing to tighten, pointing to ongoing reductions in the...
Kieran Davies
Coolabah Capital
Macro

Much more defence spending required to properly protect Australia

In the AFR I write that unable to control Australia after decades of unprecedented espionage and propaganda, and having had scant success forcing us to bend the knee...
Christopher Joye
Coolabah Capital
Macro

The bond market is telling you a recession is coming

The yield on the 10-year bond recently fell below the yield on the 5-year bond. This is very unusual. Normally, the longer the duration of the bond, the higher the...
Greg Canavan
Fat Tail Investment Research
Macro

Why the NSW Budget could be $9.5bn better off after Commonwealth flood support

The NSW budget remarkably remained close to balance in February, as yesterday's data release shows, providing welcome news for NSW Treasurer Matt Kean. The budget...
Kieran Davies
Coolabah Capital
Macro

Commonwealth budget - "project re-election"

The main aim of the 2022-23 budget is to boost the government’s chance of re-election, where the prime minister is widely expected to call an election by this weekend...
Kieran Davies
Coolabah Capital
Macro

Stocks Neat: American bourbon and business insights

Haven’t travelled in a while? Join Gareth Brown and I in Chicago for an episode of Stocks Neat, as we taste-test an American bourbon and recap our research trip in the...
Steve Johnson
Forager
Macro

NFTs and DeFi: what are they and why should you care?

One of the concepts at the very heart of the blockchain world is “decentralisation.” It refers to the transfer of control and decision-making from a centralised...
Dan Annan
Dan Annan
Cosmos Asset Management
Macro

Prepare to take advantage of market dislocations

There was one thing that PIMCO’s investment professionals immediately agreed upon when we gathered – mostly virtually again – for our recent quarterly Cyclical Forum:...
Joachim Fels
PIMCO
Macro

Growth headwinds - Fiscal drag and high inflation

Global economies and financial markets are now entering the late stages of the business cycle. Fiscal stimulus has peaked and household purchasing power from savings...
Ben Wang, Ph.D. CFA FRM
Jamieson Coote Bonds
Macro

Capex delays likely to greatly reduce state borrowing in FY2023 by $8bn to $16bn alone

Our research indicates that issuance of state government debt is likely to be between $8bn and $16bn lower than the market expects in FY2023 (or 2022-23 in budget...
Kieran Davies
Coolabah Capital
Macro

Howard Marks: The end of globalisation

Howard Marks' latest memo has dropped, and it's a doozy. Why? Well, the Oaktree Capital legend has applied his decades-long "obsession with the concept of the...
Matt Buchanan
Matt Buchanan
Macro

Our nation is not yet secure

In the AFR I write that it’s curiously un-Australian to be woefully unprepared for a fight. But that is the situation we find ourselves in. And it is the crisis that...
Christopher Joye
Coolabah Capital
Rapid Fire

Beneath the surface of the Aussie market, compelling value has emerged

At a headline level, stocks are down around 11% since the end of last year, but this belies the fact that many company valuations have seen falls in the order of 30%,...
Livewire Exclusive
Livewire Markets
Macro

Seven reasons the gold bull market will continue

Gold prices eased last week, with a broader pullback in commodity markets seeing the precious metal trade back below US$2,000 per troy ounce. A widely anticipated rate...
Jordan Eliseo
ABC Bullion
Macro

Bassanese Bites: Equity investors are asking the wrong question as rates rise

What a week! Despite the ongoing Ukraine war and a more hawkish than expected Fed meeting, global equities saw fit to surge in what I can only attribute to a ‘sell the...
David Bassanese
Betashares
Macro

Morgan Stanley’s playbook for investing in 2023 and beyond

Short-term events have been put under the microscope recently. Conflict, supply-chain shortages and inflation have all contributed to inevitable rate hikes and rampant...
Angus Kennedy
Livewire Markets
Macro

Putin's carbon tax

A side effect of Russia’s invasion of Ukraine has been the jump in oil and gas prices. The result is basically a global Putin carbon tax. Albeit with the proceeds...
Damien Klassen
Nucleus Wealth
Macro

Armaments and ESG

Excluding defence companies has long been common practice for responsible investors. At a minimum, most negatively screened “Ethical” funds exclude the controversial...
Ted Franks
Pengana Capital Group
Macro

NFT’s: A Generational Innovation

One of the largest strengths of the internet, as we know it today, is that it allows for the efficient transfer of information between individuals in a relatively...
Mike Young
Mike Young
Macro

The risk rally is back, for a while

The S&P 500, NASDAQ and even Bitcoin started to recover some of their losses last week, that is, before yet another nuclear threat. But Russia is the least of...
Christopher Joye
Coolabah Capital
Macro

Ray Dalio and Henry Kissinger on the US and China, and why we should worry

Two globe-straddling giants - Henry Kissinger and Ray Dalio - recently appeared at the Center for Strategic and International Studies to promote Dalio's new book. Our...
Matt Buchanan
Matt Buchanan
Macro

The Fed enters unknown territory as it attempts to reduce its balance sheet

Hurricanes Harvey, Irma and Maria may have devastated parts of the US in 2017 but the Janet Yellen-led Federal Reserve was determined to persist with an unprecedented...
Michael Collins
Michael Collins
Magellan
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