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Macro

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

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
Macro

‘Middle class’ income inequality: the Achilles' heel of capitalism

The ability of capitalism to raise the living standards of all members of society is probably one of the greatest success stories of the 20th century. Yet the rise in...
Clive Smith
Macro

RBA’s monetary and fiscal fusion

In the AFR today I write that Reserve Bank of Australia governor Phil Lowe’s greatest legacy will be the fusion he has forged between fiscal and monetary policy since...
Christopher Joye
Coolabah Capital
Macro

Is 2020 Government Stimulus essentially MMT? With Dr. Steven Hail | Webinar & Podcast

With the heavy amounts of Government stimulus being provided worldwide this year in response to Coronavirus' economic impacts, we wanted to get the perspective of...
Damien Klassen
Nucleus Wealth
Macro

Brexit – are we there yet?

It’s been a blessed few months since I last wrote about Brexit. Unfortunately, however, with it once again reclaiming newspaper headlines, Brexit can no longer be...
Seema Shah
Principal Asset Management
Macro

Suspending the debt cycle: Is capitalism finished?

Economic cycle background Ray Dalio has a series of explanatory videos that talk about debt cycles and in particular the contrast between a short debt cycle and a long...
Damien Klassen
Nucleus Wealth
Macro

5 reasons inflation could soon rise again

Apart from a couple of oil-related spikes, you have to go back 30 years to find inflation consistently above 5pc. Since the early 1990s, consumer prices have risen...
Tom Stevenson
Fidelity International
Macro

House prices rise again in November after October gains

Further to our little note about the extinction of housing bears as a species, Australian dwelling values have continued to climb higher in the month of November to...
Christopher Joye
Coolabah Capital
Buy Hold Sell

Is growth at a reasonable price possible in 2020?

Growth stocks dominated markets in 2020. So much, so that value investing has now had it worst run in twenty years. The speed at which these companies grew captivated...
Livewire Exclusive
Livewire Markets
Macro

Housing bears now endangered species...

The hunt for that increasingly endangered species known as the "housing bear" continues. Thus far we've managed to track-down and clinically dispatch Westpac, CBA,...
Christopher Joye
Coolabah Capital
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