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Macro

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

Macro

Is there anything cheap left?

As we’ve highlighted in the two previous quarterly asset allocation valuation publications, (pretty much) everything is expensive. Abundant liquidity has pushed...
Chris Watling
Longview Economics
Macro

The critical question to ask in 2021

We believe the one thing investors cannot ignore in 2021 is whether the businesses they are invested in have pricing power. Many people are forecasting an increase in...
Charlie Aitken
Charlie Aitken
Aitken Investment Management
Macro

Commonwealth budget tracking better than the government’s forecast profile

Authored by Kieran Davies, Coolabah Capital Investments. In this new report, we review our real-time tracking of the Commonwealth budget. Treasurer Frydenberg is...
Christopher Joye
Coolabah Capital
Macro

Three key risks to consider before a well-earned rest this silly season

To say it’s been a tumultuous year is to put it mildly. It’s been a year of bushfires and floods, of crushing self-isolation and illuminating self-reflection, of a...
Ally Selby
Livewire Markets
Macro

4 reasons for optimism after a year to forget

2020 wasn’t the year anyone expected. Every year has a big surprise of some sort – or what Dr Don Stammer has long called factor X. But they don’t usually have such a...
Shane Oliver
AMP
Macro

Is the Value rally sustainable?

2020 has been a year of ‘fastests’. It was the fastest market meltdown back in March and the fastest market recovery in the following months after that. In November...
Steve Johnson
Forager
Macro

Inflation or recovery in 2021: The chicken or the egg?

If we were to organise the Grand Financial Debate ahead of 2021, what would be the main topic of discussion? Plenty to choose from. Is inflation making a come-back,...
Rudi Filapek-Vandyck
FNArena
Macro

AAA rating rock-solid

I write in the AFR this weekend that Standard & Poor’s has confirmed that Australia’s AAA rating is rock-solid despite downgrading both NSW and Victoria...
Christopher Joye
Coolabah Capital
Macro

Investment megatrends in the post virus world | Webinar & Podcast

This week we look to next year, after one of the most tumultuous global and market environments in living memory through the lens of our popular mega trends...
Damien Klassen
Nucleus Wealth
Macro

Investors favour market timing in volatile times

Major market disruptions and radical uncertainty have characterised 2020. We were interested to see how this environment of extreme volatility and uncertainty has...
Adrian Stewart
PIMCO
Buy Hold Sell

Where these fundies still see value

With vaccines on the way, a settled election and the index returning to its February 2020 highs there has been a lot of good news for markets recently. However, making...
EGG
+2
Buy Hold Sell
Livewire Markets
Macro

2021 could be the year the narrative changes

Covid-19 dominated the headlines in 2020, but it should also be remembered for the Reserve Bank of Australia embracing an assortment of avant-garde actions. In many...
Roger Montgomery
Montgomery Investment Management
Macro

How to position your portfolio for a post-COVID boom

The good news on COVID-19 vaccines strengthens the case for a global equities boom in 2021. But where will the biggest gains be found? In beaten-down cyclicals,...
Roger Montgomery
Montgomery Investment Management
Macro

Hybrid risks just fell...

While I doubt whether any investors noticed, ASX bank hybrid risks likely just fell in a long overdue way. In particular, the probability of a bank hybrid being...
Christopher Joye
Coolabah Capital
Macro

10 outrageous predictions for 2021

Saxo Bank has today released its 10 Outrageous Predictions for 2021. The predictions focus on a series of unlikely but underappreciated events which, if they were to...
Eleanor Creagh
Eleanor Creagh
Saxo Capital Markets
Macro

Three ways to take on the falling US dollar

A downtrend in the US currency is underway, having started after the COVID-19 market sell-off and triggered by the huge amount of quantitative easing (QE) in the US....
Arian Neiron
VanEck
Macro

The global recovery will be its darkest before dawn

As 2020 nears an end, investors face a challenging combination of crosscurrents. On the positive side, the US election has passed with a market-friendly outcome and...
Ronald Temple
Lazard Asset Management
Macro

Will Joe Biden be good for investors? Why I disagree with Geoff Wilson

Do investors in American – and, by implication, global – markets receive higher returns when Democrats occupy the White House? Over the past few months, several...
Chris Leithner
Leithner & Company Ltd
Macro

Too much cash can create a crisis

The current conditions in credit markets are bizarre. We’re still in the midst of a global pandemic and economic downturn but credit markets are partying like there’s...
Jonathan Rochford
Narrow Road Capital
Macro

President Xi the Key to China's Destiny

A Quick Note: Enclosed is a brief excerpt from my AFR column this weekend (click on that link to read it). For some reason, quite a few people have contacted me saying...
Christopher Joye
Coolabah Capital
Macro

What the recovery means for equities in 2021

Over the past few years, every upward move in equities has been met by doubters. The argument was that valuations were expensive. If they weren’t, it was due to the...
Matt Peron
Matt Peron
Janus Henderson
Macro

Outlook 2021: Searching for some sort of normal

As 2020 draws to a close, transition in the White House is underway and vaccine discoveries are lowering the likelihood of another damaging lockdown. Policymakers also...
Scott Haslem
LGT Crestone
Macro

Why our soaring market still looks ok to me

Are share markets cheap or expensive right now? Well, it depends who you ask. And there are plenty of people happy to offer their opinion. But at the risk of adding to...
Roger Montgomery
Montgomery Investment Management
Macro

All signs point to earnings growth in 2021

Given the extraordinary events of the COVID-tortured 2020, there are many things investors may not be able to ignore in in what is hopefully a less-traumatic 2021. The...
Arvid Streimann
Magellan
Macro

Australian house prices increase 0.8% in November, but still below May 2017 levels

In the month of November, Australian dwelling values (ie, houses and apartments) climbed a solid 0.8% across all metro and non-metro markets according to CoreLogic's...
Christopher Joye
Coolabah Capital
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