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Macro

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

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
+13
Livewire Exclusive
Livewire Markets
Macro

The US dollar explained: 6 ways to play the rising greenback

The US dollar (USD) is the most influential currency on earth and its relative strength or weakness has far-reaching implications for the global economy. In the...
+1
Hue Frame
Frame Funds Management
Macro

"Technology is still the place to be"

Investors who ignore Afterpay (ASX: APT) and other listed financial technology firms bent on disrupting banks risk missing out on impressive returns. So said Munro...
CDA
FMG
+4
Glenn Freeman
Livewire Markets
Macro

Resilience and elasticity in the face of extreme adversity

My heart goes out to the many millions of individuals, families, and businesses staring down the barrel of extreme, lockdown-induced adversity across the country right...
Christopher Joye
Coolabah Capital
Macro

Reflections on the shortest US recession in history

It’s official. As announced on 19 July, the United States National Bureau of Economic Research (NBER) determined that last year’s US recession* ended in April – just...
David Bassanese
Betashares
Macro

The long and the short: the running of the bull

When speaking to clients, our investment team is frequently asked whether the market's extraordinary run is due to come to an end. It’s a question many in the market...
Kristiaan Rehder
Kardinia Capital
Macro

10 charts we’re thinking about right now

America is running out of houses Source: Zonda What it means House prices around the world are rising rapidly – including in the United States. Recent...
Chris Bedingfield
Quay Global Investors
Macro

What keeps Hamish Douglass up at night?

The Magellan Financial Group CIO Hamish Douglass and his team clearly spend many hours weighing risks. And he seems to have a knack for tuning out the market noise...
Glenn Freeman
Livewire Markets
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