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Macro

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

Macro

Con Michalakis: A looming problem you can't price in

What challenges plague the mind of a CIO? SPACs and cryptos? An equity markets hangover? Or perhaps something more sinister and complex? We sat down with the chief...
Mia Kwok
Mia Kwok
Livewire Markets
Macro

Are we now at the top of the V-shaped recovery?

By now most investors are tiring of their inboxes being filled by sell-side economists and strategists talking about reflation, how much more optimistic they are...
Tim Toohey
Yarra Capital Management
Macro

Short and sharp: A little bit of patience

Much of the market’s interest in the Federal Reserve’s (Fed) review of its monetary policy has focused on its embrace of average inflation targeting. While the...
Seema Shah
Principal Asset Management
Macro

What to watch over the remainder of 2021

Over the last decade or so, it seems geopolitical risk has become increasingly significant for investors – particularly with the 2016 Brexit vote and Donald Trump’s...
Shane Oliver
AMP
Macro

Aussie budget moves into technical surplus, reshaping bond market expectations

In March the Commonwealth budget recorded a technical surplus, albeit it remained in clear deficit on a seasonally-adjusted basis. Along similar lines, the NSW budget...
Kieran Davies
Coolabah Capital
Macro

The next dominant theme of the decade

Those who twigged Web 2.0 would transform the world over the past decade are doubtless feeling pretty smug right now. And why not? The likes of Facebook, Amazon,...
Buy Hold Sell
Livewire Markets
Macro

Prepare for war, as probabilities rise above 50%

In the AFR today I write that long-time readers of this column have been hearing about the drum-beats of war between China and the US for the best part of a decade....
Christopher Joye
Coolabah Capital
Macro

Lower-than-expected consumer price rises paves Reserve Bank roadmap for inflation

Australian prices rose 1.1% year-on-year for the March quarter of 2021, with the official CPI rising 0.6% over the three months to March. The number came in much lower...
Kate Samranvedhya
Kate Samranvedhya
Jamieson Coote Bonds
Macro

China tensions remain despite post-Trump calm

It may seem like a distant memory now, but for much of 2018 and 2019, global markets were periodically shocked by the unorthodox diplomatic moves of then-President...
Andrew Macken
Montaka Global Investments
Macro

Will a “silent tax” solve today’s jaw-dropping debt problem?

To say that government debt levels are high is nothing new. Even before COVID hit, despite years of austerity, debt levels were already extremely elevated. But after...
Miles Staude
Global Value Fund
Macro

Hamish Douglass's one piece of investment advice

There were sober reflections on both his flagship fund’s below-benchmark performance and the extraordinary market events that led it there, but no apologies from the...
Livewire Exclusive
Livewire Markets
Macro

Why income is as important as ever for long-term investors

Whether you think there is a bubble, or the current valuations are justified doesn’t matter. It’s a fact that valuations are higher than they have ever been for many...
Chad Padowitz
Talaria Asset Management
Macro

Where Morgan Stanley sees value today

Nathan Lim developed an early sense of self-reliance, immigrating as a child to Vancouver, Canada. His parents moved there with Lim and his older brother when the...
Glenn Freeman
Livewire Markets
Macro

The biggest risk to our bullish forecast

Morgan Stanley has a decidedly bullish view on the trajectory of the global economy and, by extension, markets for 2021. We view 2021 as the start of a...
Nathan Lim
Lonsec Holdings
Macro

Slowly, but surely: The emergence of new market leaders

The rotation into low multiple - or value - stocks has gathered pace in recent months following an acceleration in the vaccine rollout, combined with additional...
Jacob Mitchell
Antipodes
Macro

Which are the safest cyclicals as the recovery trundles on?

Casting a critical eye over the Value stock universe, our four fund managers reveal which sectors they’re most bullish on as the vaccine-led reopening and recovery...
Glenn Freeman
Livewire Markets
Macro

Climbing up Philip’s Inflation Curve

In the AFR I write that the most daunting challenge Australia’s central bank boss, governor Philip Lowe, faces is surmounting the formidable slopes of what is...
Christopher Joye
Coolabah Capital
Macro

Should we worry about a spike in US inflation?

Key former policy-makers and academics have raised concerns about US inflation risks stemming from an unprecedented peacetime stimulus delivered as the economy is...
Kieran Davies
Coolabah Capital
Macro

Cash rates up by 2023? Not bloody likely

The impressive recovery in the Australian labour market has brought forward expectations for the timing of the RBA’s first cash rate hike. Earlier this month, the RBA...
Ken Liow
Realm Investment House
Macro

3 market scenarios: Which is more likely?

The stock market tends to be driven by narrative. For much of last year, the narrative was that bad news was good news. Bad economic news meant bond yields fell and...
Damien Klassen
Nucleus Wealth
Macro

Aussie growth outlook as good as it’s going to get

Credit investors have good reason to be optimistic about the global recovery trajectory over the next few years, but mainly in developed markets including Australia,...
Glenn Freeman
Livewire Markets
Macro

Why it’s time to move assets offshore

Following the Great Pandemic of 2020, the global economy is entering a robust recovery. This new business cycle is not like those that followed the previous two...
David Llewellyn-Smith
David Llewellyn-Smith
Nucleus Wealth
Macro

Macro Monday: Is Bitcoin ringing the bell?

Last week saw the ASX200 push to a fresh post-COVID high, finally ending the week less than 2% below its previous peak as local equities danced the bullish risk jig....
James Gerrish
Market Matters
Macro

Challenging times for the market’s speculative elements

We are now one full year on from the COVID-19 outbreak and the subsequent initial lockdowns that resulted in a collapse in global economic activity and stock markets....
Andrew Clifford
Platinum Asset Management
Macro

Six reasons to not worry about inflation

It’s that time in the cycle again. US bond markets and commentors are worried about inflation. But with US unemployment at 6.2%, should this be a concern? ...
Chris Bedingfield
Quay Global Investors
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