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Macro

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

Macro

Fauci and the Fed deliver rough news for global markets

Last week I talked about the market 'testing resistance', given the focus on whether the S&P 500 could break through recent highs of 2,930 and march onward to 3,000....
David Bassanese
Betashares
Macro

Chart of the day: We’re beginning to socialise…gradually

We continue to monitor nine key risks signals to guide our assessment that there is a sustained trough in risk appetite, and the risk of a re-test of 23 March risk...
Scott Haslem
LGT Crestone
Macro

Guide to market recoveries

If market declines make you nervous, then you’re not alone. Especially now, when COVID-19 and its economic impact are fuelling feelings of uncertainty around the...
Matt Reynolds
Matt Reynolds
Capital Group
Macro

Chart of the day: Can global PMIs bounce this week?

It’s interesting how quickly we adapt or accept—isolation and lockdown; complete upheaval of the way we live and work. An economic data flow that is so bad that, in...
Scott Haslem
LGT Crestone
Macro

The psychological effects of the pandemic are likely already huge

In 1930, 1,028 economists signed a letter to Herbert Hoover urging the US president to veto a bill that would raise tariffs once it became law. Hoover refused and the...
Michael Collins
Michael Collins
Magellan
Macro

Time to go negative?

Negative interest rates were a hot topic this week. President Trump repeated his support for the idea but even prior to this, several Federal Reserve officials said...
Sean Callow
Sean Callow
Westpac Bank
Macro

Debt Deleveraging: is this the big one?

Will Coronavirus cause a debt crisis? And if so, what type of debt crisis? How likely is a major debt deleveraging?Ray Dalio has a number of videos and books out...
Damien Klassen
Nucleus Wealth
Macro

Two years of digital transformation in two months

In years to come, when we look back at the impact COVID-19 has had globally, William Hague (the former leader of the Conservative Party in the U.K.) may well turn out...
Bruno Paulson
Morgan Stanley IM
Macro

Chart of the day: Labour market slack hits a record 20% in Australia

“Progress is impossible without change; and those who cannot change their minds cannot change anything”. George Bernard ShawMeasuring unemployment is a strange...
Scott Haslem
LGT Crestone
Macro

Old habits don’t die hard, they don’t die

During the depths of the market’s reaction to the Coronavirus outbreak I listened in on company and journalist conference calls and held multiple webinars and...
Roger Montgomery
Montgomery Investment Management
Macro

Chart of the day: Aussie ‘soft data’ edging up?

‘Risk-off’ has been the flavour so far this week. Overnight, US Federal Reserve Chair Powell dismissed all talk of turning to negative rates to address a downturn...
Scott Haslem
LGT Crestone
Macro

The coming surge in Australia’s budget deficit and public debt – can we afford it?

This week would have been Federal Budget week and the Australian Treasurer would have been announcing budget surpluses. Of course, coronavirus intervened, and the...
Shane Oliver
AMP
Macro

India rises to the COVID-19 challenge

India is poised to be an economic superpower, benefiting from structural factors such as business reform, income growth, urbanisation, domestic consumption and...
Global X ETFs
Global X ETFs
Macro

New Complexity Premia podcast episode on COVID-19, EU disintegration, US-China conflicts, and hunting housing bears...

Our latest Complexity Premia podcast episode has gone live, where Ying Yi Ann Cheng and I discuss a wide range of topics, including:the impact of COVID-19 on financial...
Christopher Joye
Coolabah Capital
Macro

Chart of the day: China credit growth flags higher bond yields in 2021

“Over the years, I have learned that if each country could understand the other’s history, culture, and viewpoint, and accept that there are some issues that the two...
Scott Haslem
LGT Crestone
Macro

Explaining the April US equity bounce

Key pointsUS unemployment is heading for levels not seen since the Great Depression.Despite the current dire economic outlook, US equity indices are back to...
Chris Bedingfield
Quay Global Investors
Macro

One move from a severe recession

Global equities continued to remain focused on re-opening hopes last week, disregarding apocalyptic economic data from most corners of the world outside of China. The...
David Bassanese
Betashares
Macro

Navigating a new landscape for dividends

With much of the world in quarantine, dividends are at a crossroads.As much of the global economy remains essentially shut down, many companies face tough choices when...
Matt Reynolds
Matt Reynolds
Capital Group
Macro

Four sectors we're optimistic about

Q1 2020 was a whirlwind of a quarter with capital markets experiencing unprecedented volatility and mass panic sell-offs due to COVID-19....
Rahul Chadha
Rahul Chadha
Mirae Asset Management
Macro

Chart of the day: Australia’s population growth slowest since 1916?

Australia’s faster trend pace of population growth over the past half century has been a key driver of its relatively fast trend economic growth, its recent record run...
Scott Haslem
LGT Crestone
Macro

Home Loan Data Shows the Economic Cost of Lockdowns

Australia’s political leaders are making critical decisions daily. The greatest of these is striking a balance between a potential spike in deaths from Covid-19 and...
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Jonathan Rochford
Narrow Road Capital
Macro

Chart of the day: Trade surplus surprises

The data highlight this week comes tonight post our market’s close. US non-farm payrolls for April are expected to drop a record 22 million (the previous worst was a 2...
Scott Haslem
LGT Crestone
Macro

Clouds loom over Australia’s prosperity in the wake of COVID-19

Australia may become an economic casualty as trading partners the US and China vow to become more self-sufficient in the wake of COVID-19. George Toubia, Chief...
Vishal Teckchandani
Livewire Markets
Macro

Stick to fundamentals, and there will be light at the end of the tunnel

The economic fallout from COVID-19 is different from other financial crises for a number of reasons. It is health rather than financial-market based, and it has...
Mark Arnold
Mark Arnold
Hyperion Asset Management
Macro

Trump reignites Trade war to deflect U.S. Coronavirus woes

Trump’s appalling mismanagement of the virus means blame must be deflected to China if his polling falls. Speaking at a White House event recently, Trump told...
Damien Klassen
Nucleus Wealth
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