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Macro

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

Macro

The stimulus factor

GFC vs GVC There are no doubt similarities between the shock of the Global Financial Crisis (GFC) and the current Global Viral Crisis (GVC), however the differences...
Chad Padowitz
Talaria Asset Management
Macro

New Complexity Premia Episode: The Next Big Regime Change for Markets...

In the latest episode of our Complexity Premia podcast, Ying Yi Ann Cheng and I discuss a range of issues, including: why the emergence of effective COVID-19...
Christopher Joye
Coolabah Capital
Macro

The UK's strange China Syndrome

In what follows, I wish to deal with how the UK’s engagement with China will stress and strain in the near-term, but should inevitably see them collaborate in a way...
Savvas Savouri
Savvas Savouri
Toscafund Asset Management
Macro

Vaccines the next regime change for markets

In the AFR today I write that the next big pivot-point for markets in the months ahead will likely be the advent of vaccines. To read the full column click here or AFR...
Christopher Joye
Coolabah Capital
Macro

Stimulus Fuels Breakdown Between Markets and Economic Reality

The global economy has only just commenced its recovery from the depths of the largest economic setback in modern history, yet stock markets have bounced strongly from...
Andrew Clifford
Platinum Asset Management
Macro

The fiscal cliff is more likely to be a fiscal slope

The thought of various government support measures expiring in the months ahead, causing some sort of fiscal cliff over which economies and share markets will plunge,...
Shane Oliver
AMP
Macro

Asian equities: not the place to be underweight

Global equity markets continue to grind higher in July, with the S&P 500 index up more than 3% and European markets up 1-2%. As markets re-approach their post-COVID-19...
Scott Haslem
LGT Crestone
Macro

The Asian century is heralded…and our plays

A combination of an increasingly well-to-do consumer base, rising levels of education, leapfrogging several stages in the adaptation of smart digital technologies by...
Zach Riaz
Zach Riaz
Banyantree Investment Group
Macro

Ignore the impacts of debt-fuelled stimulus at your peril

Over the past decade both debt and equity markets have become increasingly disconnected from traditional measures of fundamental value. A sober examination leads to...
David Rosenbloom
David Rosenbloom
ICN Consulting
Macro

Yellen: Expect deep scars from this crisis

Hamish Douglass, Chairman and Chief Investment Officer, spoke with Janet Yellen, the most recent former chair of the Federal Reserve, and an adviser to Magellan, about...
Magellan Financial Group
Magellan
Macro

Running out of steam

Wall Street’s dramatic recovery in April and May has run out of steam. You don’t have to look far for why that might be. The resurgence of Covid-19 infections, to the...
Tom Stevenson
Fidelity International
Macro

Forecasting Victoria's infection peak: 13 July to 26 July

One question we have been regularly asked is when will Victoria's second COVID-19 wave actually peak. We can use our existing COVID-19 forecasting systems to address...
Christopher Joye
Coolabah Capital
Macro

Melbourne returns to lockdown

Australia has been viewed as an outperformer in the global battle against Covid-19, and with justification. Australia’s death toll of 106 and currently just 10 people...
Sean Callow
Sean Callow
Westpac Bank
Macro

Up to 50 per cent risk of major power conflict

In the AFR today I write that the raging conflict between central banks’ unprecedented interventions in financial markets and the global economy’s shocking underlying...
Christopher Joye
Coolabah Capital
Macro

Central banks banking governments

Central banks globally have clearly been buying a lot of government bonds over the last decade. But just how much the world’s central banking powers own of their own...
Chris Demasi
Montaka Global Investments
Macro

US election market impact less than clear

“Economics is a choice between alternatives all the time. Those are the trade-offs…I can't think of a president who has been overburdened by a knowledge of economics.”...
Scott Haslem
LGT Crestone
Macro

No such thing as a free lunch

Through the pandemic, global fiscal support packages have gone a long way towards helping to offset the decline in corporate and household income. In the U.S., where...
Seema Shah
Principal Asset Management
Macro

When counterfactuals are hidden and histories alternative

As Australia sets to emerge from this once-in-a-century pandemic, some of us do wonder was it all worth it? If COVID-19 was not as bad as the forecasters led us to...
Andrew Macken
Montaka Global Investments
Macro

Have we seen the last of the bear market?

Despite facing a myriad of problems equity markets have staged a stunning comeback rally over the last three months. Liquidity from central banks, combined with...
JBH
Patrick Poke
A Rich Life
Macro

The great disconnect

We concluded our March quarter note with the comment: “Let’s just hope we now don’t have a gigantic bounce in share prices fuelled by the central...
Tony Cousins
Tony Cousins
BMO
Macro

Virus spoils re-opening party

Global equities managed to shrug off mounting U.S. virus concerns last week and instead focus on better than expected ‘re-opening’ economic data. Of course, the Fed...
David Bassanese
Betashares
Macro

Coronavirus to kill Australian Property | Webinar & Podcast

The strong rebound in Australian property values has come to a shuddering halt with the Coronavirus lockdown. Auction clearance rates and buyer sentiment have...
Damien Klassen
Nucleus Wealth
Macro

The case for real assets - building more resilient portfolios

We have not made any tactical changes to portfolios this month after last month’s decision to trim equities. We remain modestly overweight risk, led by our positioning...
Scott Haslem
LGT Crestone
Macro

A quartet crossing Continents’

In what follows I will swiftly cross Continents to consider the futures of four enigmatic economies. The fortunes of two of these concern me greatly but, that of the...
Savvas Savouri
Savvas Savouri
Toscafund Asset Management
Macro

Youth unemployment is over 25% and the true picture is probably worse

According to the latest unemployment statistics, over 300,000 Australians aged between 15-24 are now unemployed and over 280,000 dropped out of the labour force in...
Anthony Doyle
Anthony Doyle
Firetrail Investments
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