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Macro

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

Macro

The coming solvency squeeze

The global shutdown will put a significant dent in corporate earnings this year, according to 150 Fidelity analysts surveyed this month, raising concerns about a...
Fidelity International
Fidelity International
Macro

Chart of the day: the rise of the Aussie dollar

“Failed plans should not be interpreted as a failed vision. Visions don't change, they are only refined. Plans rarely stay the same, and are scrapped or adjusted as...
Scott Haslem
LGT Crestone
Macro

Victory in a battle, not yet the war (on COVID-19)

A sense of optimism is re-surging around the globe, as we see a glimpse of the COVID-19 ‘curve flattening’. The rate of increased cases of infection in the US and in...
Kate Samranvedhya
Kate Samranvedhya
Jamieson Coote Bonds
Macro

Trial and Error: What SARS-CoV-2 and COVID 19 Exit Planning have in common

The SARS-CoV-2 virus is the latest pandemic virus to have blighted us. The process of genetic trial and error created yet another exceptionally potent pathogen. As...
Ken Liow
Realm Investment House
Macro

Bassanese Bites: BetaShares Global Market Review

Global Markets The S&P 500 rebounded a lazy 12% last week as Wall Street again easily managed to look past weak economic data and focus instead on yet more Fed...
David Bassanese
Betashares
Macro

Fed's "Dirty Harry Moment"

The best way I can think to describe what happened on Friday was that this was US Federal Reserve chair Jerome Powell's "Dirty Harry moment". Whatever guns the hedge...
Christopher Joye
Coolabah Capital
Macro

Peak virus has passed: Updated COVID-19 forecasts for the US, UK, Germany, France, Spain, Italy & Australia

We've called the peak in new COVID-19 infections in Australia, which appears to have occurred a week or two ago in line with our contrarian March forecasts (see the...
Christopher Joye
Coolabah Capital
Macro

Is it time to re-enter the world stock market? | Nucleus Investment Insights

Is it time to re-enter the world stock market? Today we address the question on everyone's mind. Topics on the agenda include a summary of the current issues facing...
Damien Klassen
Nucleus Wealth
Macro

Chart of the day: S&P negative watch has little impact on currency

Australia, like the rest of the world, has faced several severe shocks this year. First bushfires, then the coronavirus outbreak in China, and now an unfolding global...
Scott Haslem
LGT Crestone
Macro

Central Bank Regime Change

At present, most of the developed world central banks use a monetary policy framework called inflation targeting. In a simplified view, central banks set a target for...
Anthony Doyle
Anthony Doyle
Firetrail Investments
Macro

What is the recent market strength telling us?

If the recent market rally has taken you by surprise, you’re not alone. Since hitting a low around 23 March, the S&P/ASX200 Index has rebounded almost 20 per cent,...
Tim Kelley
Montgomery Investment Management
Macro

A glimpse into the post-COVID world

Following the longest expansion on record, the global economy is currently plunging into what could easily become one of the deepest but also shortest recessions in...
Joachim Fels
PIMCO
Macro

Analysis: RBA May Adjust MonPol Corridor Further to Meet Cash Rate Target

The Reserve Bank of Australia is widely expected to leave the cash rate and the three-year government bond targets unchanged when it meets later today for its monthly...
Sophia Rodrigues
Sophia Rodrigues
Central Bank Intel
Macro

Chart of the day: Is peak disease forming?

Global equity markets have surged higher over the past 24 hours on the back of positive developments in the containment of COVID-19. Sunday saw a significant pull-back...
Scott Haslem
LGT Crestone
Macro

Australia has flattened curve, and US infections about to peak

Consistent with our contrarian March forecast, Australia appears to have passed through its peak in new infection cases, and successfully flattened its curve, which is...
Christopher Joye
Coolabah Capital
Macro

The top 5 questions for Australia right now

In the past week client questions have centred around five key topics. These are our answers. 1. How ‘wrong’ is consensus on economic growth? Traditional...
Tim Toohey
Yarra Capital Management
Macro

Calling a "VU" shaped recovery and creative destruction induced by GVC

I am getting asked a lot about what we think will happen once we pass through the Global Virus Crisis' (GVC) two key regime-changing events that I discussed over the...
Christopher Joye
Coolabah Capital
Expert Insights

The winners and losers from climate change

A hotter planet means scarcer water, more heatwaves, and land degradation, just for a start. The science is clear, says Andrew McAuley, Chief Investment Officer at...
Livewire Exclusive
Livewire Markets
Macro

Chart of the day: foot traffic for Australian retailers

“The more we are locking down, the more we are slowing the spread. The other side to that is that it prolongs the extent of the economic shutdown.” Phillip Coorey, AFR...
Scott Haslem
LGT Crestone
Macro

We are passing through peak infections

Today I will provide a quick update on our latest data analytics on infections, deaths, and our current forecasts for the US and Australia, which seem to be coming to...
Christopher Joye
Coolabah Capital
Macro

Australian budget deficit heading beyond $200 billion

After the flurry of central bank policy steps in early to mid-March, the past week has been somewhat less dramatic. To be sure, the US Federal Reserve still managed 6...
Sean Callow
Sean Callow
Westpac Bank
Macro

Chart of the day: price targets for S&P500 in 2020

Much global human activity is grinding to a halt as Q2 2020 gets underway. Rolling lockdowns of economies around the world have driven sharp falls in leading...
Scott Haslem
LGT Crestone
Macro

Why Howard Marks expects further declines

After a wild few weeks that’s seen most major equity indexes fall by a third, before a rally of around 20%, even the most experienced investors are scratching their...
Patrick Poke
A Rich Life
Macro

Is flattening the curve a signal to buy?

To describe recent market volatility as high is to understate the facts. Since the peak on February 19, the US market has registered the most rapid sell-off ever, its...
Roger Montgomery
Montgomery Investment Management
Macro

When coronavirus passes, EU solvency issues will emerge (again)

Earlier this week I published a wire in which one of Australia’s most experienced investors, Robert Millner, Chairman of Washington H Soul Pattinson, raised an...
Vishal Teckchandani
Livewire Markets
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