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Macro

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

Macro

Sophia Rodrigues gets the wobbles on QE3

There is one little-known RBA watcher who has got things more-or-less right of late: Central Bank Intel's Sophia Rodrigues. About one month before the RBA announced...
Christopher Joye
Coolabah Capital
Macro

The inflation debate watchlist for investors

Headline monthly consumer price index (CPI) figures are not enough to tell us if inflation will linger beyond the coming months. The pace of economic recovery and the...
WLE
Matthew Haupt
Wilson Asset Management
Macro

Peter Costello and Joe Aston on NSW becoming a massive levered hedge fund...

The scandal around NSW using tens of billions of dollars of taxpayer debt to turn itself into a gigantic leveraged hedge fund (reaping substantial fees for the...
Christopher Joye
Coolabah Capital
Macro

Winning portfolio strategies for the road ahead

From dodging growth traps in global markets to navigating the maze of global small and micro-caps and hunting down defensive property assets, top stock-pickers from...
Glenn Freeman
Livewire Markets
Macro

Setting the course for H2 2021

The macro and policy transition we flagged last month is now more clearly underway. The pace of the recovery from 2020’s global recession looks set to peak in the...
Scott Haslem
LGT Crestone
Macro

NSW Treasurer changes tune on using tens of billions of taxpayer debt to punt equities

All roads in this scandal lead to the potentially career-defining decisions made by the NSW Treasurer Dominic Perrottet. Until now, Perrottet stayed conspicuously...
Christopher Joye
Coolabah Capital
Macro

What can we expect from inflation?

It has been noted by some economic observers that Fed Chairman Jerome Powell has, in 2021, been consistent in one aspect of his predictions about inflation; that he’s...
Roger Montgomery
Montgomery Investment Management
Macro

Questions on NSW's debt-funded, $27bn punt on stocks and global financial markets

In the AFR today economics editor John Kehoe, arguably one of Australia's best financial journalists, has an important page-one news story on how NSW's Treasurer...
Christopher Joye
Coolabah Capital
Macro

The shortest commodity supercycle ever?

Has anybody else noticed how nobody is talking about a "commodity supercycle" anymore? There is a good reason for this. A commodity supercrash has begun instead....
David Llewellyn-Smith
David Llewellyn-Smith
Nucleus Wealth
Macro

3 global trends to watch for

To be forewarned is to be forearmed, and so we thought it’s worth sharing some insights on themes that investors should keep an eye on. 1. Income: this is...
Chad Padowitz
Talaria Asset Management
Macro

Is a growth shock coming? | Video podcast

Earlier this week I published is a growth shock coming? which was included in today's daily Livewire email. This podcast we recorded last week is a continuation on...
Damien Klassen
Nucleus Wealth
Macro

China regulation: Opportunity may lie in the midst of a stock sell-off

The situation is still evolving with regard to China’s new regulations for the after‑school tutoring (AST) sector and the subsequent sell‑off in platform education...
T. Rowe Price
T. Rowe Price
Macro

Participate and protect: The key to riding out uncertainty

The financial year has ended and it’s a fitting time to take stock of what’s transpired and to also look ahead. Double-digit gains across many share markets featured...
Jonathan Armitage
MLC Asset Management
Macro

If bond yields are tracking lower, where does that leave equities?

The US is at the centre of financial markets: When it sneezes, the world catches a cold. So recent concerns around inflation have put the world on notice. But,...
Angus Kennedy
Livewire Markets
Macro

Is a growth shock coming?

Stock markets are expensive. Debt levels are extremely high. But earnings growth is strong. Really strong. And government/central bank support continues. Making asset...
Damien Klassen
Nucleus Wealth
Macro

Howard Marks: "I wouldn't bet the ranch (on inflation)"

Howard Marks’s latest memo on the “topic du jour” of inflation stretches to about 15 pages, around 8,000 words and graciously references the work of dozens of his...
Glenn Freeman
Livewire Markets
Macro

Team Australia to the rescue!

In the AFR I write that the Commonwealth Treasury’s latest advice to government is to assume growth-destroying lockdowns on a rolling basis across Australia into 2022...
Christopher Joye
Coolabah Capital
Macro

Taking cues from a “methodical” Fed

The trajectory of interest rates in 2021 has been notable for how rapidly they priced in economic recovery and then, beginning in mid-June, the degree to which that...
Daniel Siluk
Kapstream
Macro

Fake megatrends: The big themes to avoid

Has dependable, authoritative knowledge ever been more valuable? After all, we live in an age where our trust in things has never been so tested, and so often, where...
Glenn Freeman
Livewire Markets
Macro

The megatrends investors can't afford to ignore

The invention of electricity. Telephones. Automobiles. The internet. They’re all megatrends that revolutionised the world; powerful transformational forces that have...
Glenn Freeman
Livewire Markets
Macro

Inflation must fall... or markets will.

“Inflation is not a problem.” That seems to be what the bond market is saying, an important bellwether as bonds are particularly ill-disposed towards bouts of...
Alastair MacLeod
Elston Asset Management
Macro

Why it's time for Alpha

When generating returns in portfolios, active managers have two levers. The first of these is beta, the returns to markets from passive investing. The second lever is...
Jason Halliwell
Jason Halliwell
GMO
Macro

Where to get your Real Estate Income? Listed Property Trusts or Unlisted Property Trusts, questions answered

One of Australia’s best long-short equity managers, Tim Carleton from Auscap Asset Management put it very simply: “Rent – it’s an essential cost for most business and...
VCX
Shane Wakelin
Shane Wakelin
Fawkner Property
Macro

"Green shoots" for pandemic-hit businesses despite the need for policy change

The Australian economy has weathered the COVID-19 storm spectacularly well. Households are spending, disposable incomes are up, a record 63% of the population is...
Michael Skinner
Michael Skinner
Macro

9 fundies on the most important thing in their asset class for the year ahead

After 18-months that has seen retail investment soar to previously unimaginable highs, it's obvious that many are chasing the next big idea. We’ve all heard the terms...
ALD
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