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Macro

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

Macro

Why are small-cap stocks under pressure?

While the Omicron variant may end up slowing the pace of recovery, we still expect one final rally in reflation sectors, pushing the share market higher into next...
Justin Braitling
Watermark Funds Management
Macro

Good news: China is just readying for the long term

A few points can be said about this current round of regulatory intervention from the authorities. It is important to highlight that intervention on industries, old...
Dr Joseph Lai
Ox Capital
Macro

6 key takeaways from Fidelity's 2022 outlook

Fidelity has just released its 2022 Outlook with an around-the-ground series of summaries from the firm's cadre of portfolio managers. Livewire’s David Thornton has...
David Thornton
Livewire Markets
Macro

The big misalignment between interest rates and inflation

In our 2019 market insight titled ‘Federal Funds Rate projections. They expect what???’, we covered what the US Federal Reserve’s expectations for interest rate...
Hue Frame
Frame Funds Management
Macro

Update on bank liquidity requirements...

While our updated numbers imply the banks need to buy about $408bn of government bonds for liquidity purposes over the next few years, it is interesting to see how...
Dr Stephen Parker
Coolabah Capital
Macro

The reopening trade to determine economic growth in 2022

One of the key factors that will make or break the case for the RBA tightening in 2022 will be the reopening trade. Will consumers start spending heavily as is...
Chris Rands
Chris Rands
Yarra Capital Management
Macro

There may come a time to pivot

Across much of the world, lowered mobility restrictions, large consumer savings balances and central bank policies that remain "easy" suggest growth in 2022 will...
Scott Haslem
LGT Crestone
Macro

Cryptocurrency outlook 2022

2021 has been a breakout year for cryptocurrencies, with its dramatic rise through the ranks of popular culture seeing the asset class move from the fringes of society...
Mike Young
Mike Young
Macro

Omicron: Scientists know very little, investors know even less

Investors reacted to the emergence of the Omicron variant as they always do when confronted with potentially bad but unquantifiable news. They assumed the worst. The...
Tom Stevenson
Fidelity International
Macro

Existential conflict between economic data and market pricing

In the AFR I write that financial markets are riddled with seemingly intractable inconsistencies right now. Arguably the best barometer of the global price of money,...
Christopher Joye
Coolabah Capital
Macro

No sign yet of the "great resignation” phenomenon in Australia

Kieran Davies from Coolabah Capital shares research showing that unlike in the US, there's no sign of the "great resignation" in Australia. Davies says this raises...
Kieran Davies
Coolabah Capital
Macro

Three risks you can discount – and one you can’t

Peter Lynch once famously declared: “If you spend 13 minutes a year on economics, you’ve wasted ten minutes.” Similarly, Warren Buffett once averred: “If Fed Chairman...
Chris Leithner
Leithner & Company Ltd
Macro

What's up with oil?

For all the excitement about oil, it is sitting around where you might expect, just by eyeballing the average of the past 21 years. There was a supply shakeout in...
ORG
WOR
David Berthon-Jones
Aequitas Investment Partners
Macro

Updated major bank funding task: falls to $135bn pa (vs 10yr av. of $147bn pa)

Following APRA's release of its October Monthly Authorised Deposit-taking Institution Statistics, we have updated our estimates of the four major banks' debt funding...
Christopher Joye
Coolabah Capital
Macro

Inflation: what does it mean for my investment portfolio?

If you turn on the finance news or open any financial paper today, the word “inflation” is everywhere. After three decades of hibernation, it would appear the...
John Garrett
MA Financial Group
Macro

The 60/40 portfolio is dead, so here's where to invest your non-equities cash

While the 60/40 portfolio may be dead, the jury is still out on just what your fixed-income exposure should be. Lazard’s multi-asset maestro, Ronald Temple, however,...
Glenn Freeman
Livewire Markets
Macro

Financial repression is harder this time around

Financial repression has been used in the past as a tool for reducing government debt overhangs. Yet there are some specific conditions required for such an approach...
Clive Smith
Macro

2022 Global outlook - Omicron update

Nineteen months since the end of the COVID-19 recession, Morgan Stanley's Nathan Lim believes we are currently well into the middle of the current economic cycle. In...
Nathan Lim
Lonsec Holdings
Macro

Under the sea: Saving the Planet with Seaweed

Government and corporate interests around the world are turning their attention towards our output of carbon into the atmosphere, sparking a wave of investment trends...
BLD
STO
Max Pacella
Rest Super
Macro

Ron Temple: Cautious on high-multiple stocks but favours financials for 2022

If Lazard Asset Management's Ronald Temple is right about his outlook for 2022, you might want to rethink some of those bullish bets. Here, Livewire's Glenn Freeman...
Glenn Freeman
Livewire Markets
Macro

Reading the tea leaves: the US data deluge overnight

We talk a lot about US monetary policy, because they are an economic superpower, and what they do affects asset classes everywhere.We had jobless claims out overnight,...
David Berthon-Jones
Aequitas Investment Partners
Expert Insights

Where to invest if inflation takes off

Given all the bad press it’s copped recently, it might be surprising to learn that inflation isn’t something all investors must fear. Particularly if you hold equities...
Livewire Exclusive
Livewire Markets
Macro

The longer-term legacy of coronavirus – 9 implications for investors

While the initial economic and market disruption from COVID was short last year, Shane Oliver from AMP Capital says there will be longer lasting implications. He...
Shane Oliver
AMP
Macro

Toohey: Where Aussie house prices are headed

Tim Toohey from Yarra Capital – who was rated Australia’s number one economist for 13 consecutive years – recently sat down with Malcolm Maiden to share his latest...
Livewire Exclusive
Livewire Markets
Macro

Know what’s in your ETF

Peter Lynch said: “You have to know what you own, and why you own it”. The same is true of an ETF. Here, Max Pacella of Mason Stevens, explains how you should...
Max Pacella
Rest Super
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