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Macro

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

Macro

Ray Dalio's 6 crucial themes for the next few years

When macro maestro Ray Dalio speaks, investors listen. (True, they don't always agree. But they listen.) Especially when the world can't seem to decide what sort of...
Matt Buchanan
Matt Buchanan
Expert Insights

Lucerne look past equities bubble to stabilise returns

Record low interest rates are doing strange things to markets. They’ve driven 12 consecutive monthly gains in Australian shares as investors buy YAAP (Yield At Any...
Livewire Exclusive
Livewire Markets
Macro

The September shakes: 5 reasons this market has further to run

September and October are typically weak seasonal times for equity markets. So far, for September, the ASX200, S&P500 and MSCI World ex-Australia in Australian dollar...
Nathan Lim
Lonsec Holdings
Macro

Macroprudential policy in play to cool housing exuberance...

APRA is releasing an information paper on its framework for implementing macroprudential policy over the next couple of months, suggesting macroprudential measures to...
Kieran Davies
Coolabah Capital
Macro

The transitory debate – where will inflation settle by mid-2022?

The current question amongst market commentators is who’s winning the transitory vs secular inflation debate?The most recent (August 2021) U.S. CPI data disappointed...
Kate Samranvedhya
Kate Samranvedhya
Jamieson Coote Bonds
Macro

‘Lehman moment’ fears are wide of the mark in China Evergrande fallout

Reports on the financial strains at the property developer China Evergrande Group have been unnerving global markets, drawing comparisons to a level of systemic risk...
Anthony Doyle
Anthony Doyle
Firetrail Investments
Macro

Two political decisions that will reverberate through ages

In the AFR this weekend I wrote that we’ve been recently gifted two rare cases of outstanding political leadership and bipartisan cooperation that will reverberate...
Christopher Joye
Coolabah Capital
Income Series

Are you being seduced by the beautiful bull market?

Equity markets and risk assets are in the midst of a stunning bull run. The local index has enjoyed 11 consecutive monthly gains, a winning streak not seen since 1943....
James Marlay
Livewire Markets
Macro

Central Bankers are not your friends

In 2014, the former head of the US Federal Reserve, Ben Bernanke, stated “the problem with quantitative easing (QE) is that it works in practice but it doesn’t work in...
John Abernethy
Clime Asset Management
Macro

Gold, crypto, commodities or equities: Will any of these protect you from inflation?

We have a relatively sanguine outlook on inflation, as discussed in “Part 1: Inflation – Tall Tales and True Causes.” Perhaps you don’t share our view. Or perhaps like...
GMO Investment and Asset Management
GMO
Macro

Investors should be ready to capitalise on the dips

The focus of markets in the last month has been the direction of interest rates in the US, new regulation in China and the possible failure of the second largest...
Andrew McAuley
Credit Suisse
Macro

The escalating situation with China's largest property developer, Evergrande

A few weeks back we wrote on the escalating situation in China and the risk of default in the largest and most leveraged developer, Evergrande - Bumpy road ahead for...
Ben Wang, Ph.D. CFA FRM
Jamieson Coote Bonds
Macro

Evergrande and equity market ructions

So far, the equity market has only fallen a few percentage points. A lot of ink spilled for a relatively modest market reaction. (Examples: here, here and here to list...
David Berthon-Jones
Aequitas Investment Partners
Macro

Evergrande more like Greece than Lehman

The Evergrande saga is intensifying daily. The firm’s equity is all but gone. Its debt barely trades. Its sales and assets are crashing in value. Its brand damage is...
David Llewellyn-Smith
David Llewellyn-Smith
Nucleus Wealth
Macro

Childcare investing for stable income returns

When investors think about commercial real estate investment opportunities, asset classes such as office, retail and industrial typically spring to mind -...
GEM
Shane Wakelin
Shane Wakelin
Fawkner Property
Macro

Morrison’s nukes yield geo-political game-changer

In the AFR I write that it is the single most important national security decision Australia has made since the Second World War: Prime Minister Scott Morrison forging...
Christopher Joye
Coolabah Capital
Macro

What might a review of the RBA find?

This week, the OECD recommended a review of the RBA. They noted the persistent undershooting of inflation, and a variety of factors that might have led to over-tight...
Matthew Johnson
Matthew Johnson
Coolabah Capital
Macro

Which of these 9 turbocharged sectors will continue to surge

Innovate. Disrupt. Iterate. Deliver. These four words have a very modern ring but there's nothing especially modern about them. They apply equally to the creation of...
Matt Buchanan
Matt Buchanan
Macro

What's with the Global Supply Chain issues? Two reasons why they may stick around.

Supply chain issues were cited by company management numerous times during the recent reporting season and were attributed as one of the key reasons behind operational...
RMD
Alastair MacLeod
Elston Asset Management
Macro

Investors get ready for 11pc return from property stocks

"Investors get ready for 11pc return from property stocks" - This was a headline in the AFR this week that probably caught many investors, particularly real estate...
COL
WES
Shane Wakelin
Shane Wakelin
Fawkner Property
Macro

RBA increases QE3 stimulus by 40 per cent

In the AFR I write that after months of debate about whether the Reserve Bank of Australia would increase or decrease its stimulus in recognition of the COVID-induced...
Christopher Joye
Coolabah Capital
Macro

Three reasons why I am still bullish on this market

Over the past 12 months, the All Ordinaries index and the S&P 500 have risen around 26 and 35 per cent, respectively. Not bad when you consider the economic ravages...
Roger Montgomery
Montgomery Investment Management
Macro

APRA closes the Committed Liquidity Facility

In a move that's a bit more aggressive than I had expected, APRA just announced that they will close the CLF (Committed Liquidity Facility).   The CLF will be...
Matthew Johnson
Matthew Johnson
Coolabah Capital
Macro

Bull or bear? 3 fundies on how they’re positioned for the (next) recovery

The “reopening trade” was a dominant topic among investors as recently as just a few months ago, as we lifted our heads and began to imagine a life without lockdowns,...
WOR
Glenn Freeman
Livewire Markets
Macro

This is not an exit

Momentum in global growth has unexpectedly softened in recent months. Persistent supply chain disruptions are hampering production, slowing spending and delaying...
Kerry Craig
J.P. Morgan Asset Management
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