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Macro

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

Macro

How COVID-19 has changed our outlook

At the beginning of this year when we wrote our outlook for 2020, we were more positive than most on the idea that the housing cycle was moving into full swing, which...
Chris Rands
Chris Rands
Yarra Capital Management
The Rules of Investing

COVID-Crash special with Sam Sicilia and Martin Thompson

The ASX200 has collapsed by more than 20% in just three weeks since COVID-19 went global. When markets fall so far and fast, it induces a state of panic for many...
The Rules of Investing
Livewire Markets
Macro

How investors could benefit from the Coronavirus

Looking purely from an investing perspective, the global sell-off caused by the coronavirus pandemic could be manna from heaven for cashed-up value investors. I think...
Roger Montgomery
Montgomery Investment Management
Macro

Bassanese Bites: 1918 Again?

Global MarketsThe stand-alone highlight this past week has been global fear around the escalation of coronavirus cases outside of China. The good news is that...
David Bassanese
Betashares
Macro

6 principles for times of turmoil

You wouldn’t be human if you didn’t fear loss.Nobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people...
Matt Reynolds
Matt Reynolds
Capital Group
Macro

Market Risks and the Government Response

The State of the EconomyThe corona virus continues to spread, leading to uncertainty and volatility in the global markets. At the time of writing there had been 95,180...
Brett Craig
Aura Group
Macro

Chinese traffic stats start normalising...

One of the real-time gauges of Chinese activity that we monitor live are traffic congestion statistics. As you can see from the charts below, it certainly seems that...
Christopher Joye
Coolabah Capital
Macro

SARS is not a model for Coronavirus

Drawing parallels between the two outbreaks is tempting but risky. Key Insights The potential impact of the COVID‐19...
T. Rowe Price
T. Rowe Price
Macro

What Ray Dalio is saying about this market

Billionaire hedge fund manager Ray Dalio has described the novel coronavirus (covid-19) as “one of those once in 100 years catastrophic events” that will hit leveraged...
Vishal Teckchandani
Livewire Markets
Macro

Why I've taken my fund to 90% cash

In our view, despite the recent jawboning by Trump et al. in his administration that all is 'ok' with the US and its economy, last night’s rate cut was quite a...
Russell Muldoon
REQON Funds Management
Macro

How will Australia weather the virus and the fires?

Dr Philip Lowe, Governor of the Reserve Bank of Australia (RBA), believes the economy has been experiencing a gentle turn up through the last quarter of 2019 and early...
Scott Haslem
LGT Crestone
Macro

A Virtue Signalling Rate Cut

Like a private jet flying celebrity lecturing the world about climate change, the RBA’s decision to cut rates yesterday seems more about appearances than cold economic...
Jonathan Rochford
Narrow Road Capital
Macro

RBA cuts to 0.50%

What a difference two days can make. When markets closed on Friday night, RBA Cash Rate futures were pricing in an 11% probability of a reduction in interest rates. By...
Anthony Doyle
Anthony Doyle
Firetrail Investments
Macro

Short and Sharp: I’d prefer a vaccine over a rate cut

Global equity indices have erased all their year-to-date gains, entering correction territory of 10% losses in the space of just four days. U.S. Treasury yields have...
Seema Shah
Principal Asset Management
Macro

Coronavirus rattles markets: What's next for global growth?

Global stocks fell sharply on Monday following confirmation that the coronavirus has spread to Italy, South Korea and Iran, raising fresh questions about the potential...
Matt Reynolds
Matt Reynolds
Capital Group
Macro

Bassanese Bites: RBA rate cut tomorrow

Week in ReviewWhere to begin? Clearly fears of the coronavirus took centre stage last week, causing the biggest one week drop on Wall Street since the financial...
David Bassanese
Betashares
Macro

Analysis: RBA Lowe’s Confusing Guidance Means We Missed Key Line

From pricing just 20% probability of a 25 basis point cash rate cut, Australia’s money market is now pricing over 100% chance, making it very likely the Reserve Bank...
Sophia Rodrigues
Sophia Rodrigues
Central Bank Intel
Macro

Are you an investor or are you a speculator?

Way back in October 2011, I penned the following piece in The View as world share markets entered bear market territory.The 2011 crisis had commenced in August when...
John Abernethy
Clime Asset Management
Macro

The inequality of low interest rates

As global interest rates continue their march towards the floor, we continue to see asset prices inflate. But interest rates do not treat all humans equally. The...
Andrew Macken
Montaka Global Investments
Macro

GS Forecasts 2 Quarters of Negative Global Growth and Offers Insights on COVID-19's Fatality Rate

Goldman Sachs economists Jan Hatzius and Daan Struyven have updated their global economic growth forecasts, and are now projecting two consecutive negative quarters of...
Christopher Joye
Coolabah Capital
Macro

Coronavirus: Markets Awaken in Fright | Nucleus Investment Insights

Stock Markets have been the last to catch onto the economic impacts of Coronavirus, and are now beginning to feel the full effects. Join us for an update as we discuss...
Damien Klassen
Nucleus Wealth
Macro

Coronavirus kills markets too

Today I explain why the Coronavirus is killing markets, and will almost certainly demand central bank and treasury interventions that will in the next few months...
Christopher Joye
Coolabah Capital
Macro

Post-GFC lows for Aussie dollar as equities finally tumble

In recent weeks we have highlighted the limited response of equities to the coronavirus outbreak, contrasting with commodity, bond and FX markets, which all showed...
Sean Callow
Sean Callow
Westpac Bank
Macro

Liquidity might not work this time, be careful in low quality credit - Part 1

The last three major market drawdowns resulted from human behaviours. China’s currency devaluation in August 2015, the volatility blow up in Feb 2018 and the...
Charlie Jamieson
Jamieson Coote Bonds
Rapid Fire

Monetary madness and the world of 'Alice in Wonderland' economics

Everything going on is nuts. Greek bonds are yielding less that Australian bonds, QE is on the cards from the RBA and the S&P500 is trading on a lofty 18 times forward...
James Marlay
Livewire Markets
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