interest rates

In the AFR I write that for better or worse, we live in a twilight zone spanning two worlds. First, there is the old world, where interest rates were to remain...

Global growth stocks enjoyed a golden period in recent years. This continued throughout the pandemic as lifestyles (and spending habits) quickly adjusted to new ways...

Rising rates hurt investors; claims on profits in the future are simply worth less if you discount them at a higher rate. As growth stocks deliver their cash flows...

The RBA has increased its cash rate again but slowed the pace to +0.25% which took the cash rate to 2.6%. This was in line with our view and a slowing “at some...

Investment textbooks tell us that value stocks generally outperform growth stocks in periods of rising interest rates and economic slowdowns. However, history tells...

Housing Market Risk: The US housing market is both better and worse than pre-financial crisis. On the one hand debt to income ratios have come down a lot — meaning...

The good news is that there is evidence that the great Aussie housing crash is stabilising in the vanguard cities of Sydney and Melbourne. As the first chart below...

On December 15 last year, the US Federal Reserve expected its near-zero cash rate (known as the Federal funds rate) to rise only modestly to 0.9 per cent by the end...

In light of the United States’ (US’) August Consumer Price Index (CPI) report, I provide this latest report as an update to some of the key points that I previously...

There’s been a lot of gloom and doom this year – but reports handed down this August were far from disappointing. Several companies returned record profits and...

To say it has been a challenging period for bonds would be an understatement. In fact, the first quarter of this year saw the worst start to a calendar year in...

Australian home values are now shrinking at an annualised rate that exceeds 15% based on the three months of CoreLogic compositionally-adjusted index data to 10...

CoreLogic have just released their official housing data for the entire month of August 2022, which confirms what we feared: both the 5 capital city and 8 capital...

The great Aussie housing collapse continues to break new records with CoreLogic's 5 capital city index losing more than 1.44% in the first 29 days of August, which...

Riding the wave There is a lot of noise in the market now, with inflation numbers coming in at around 6% in Australia and closer to 8% in the USA. Although interest...

Sydney prices are on track for another, truly massive, circa 2% per month decline according to CoreLogic data. They fell 2.2% in July, the worst outcome in around 40...

After the most recent FOMC meeting, we have seen numerous changes to forward probabilities within the fixed income market. This article aims to provide investors...

China Stimulus: This week the People’s Bank of China (PBOC) cut their benchmark monetary policy interest rate by 5 basis points to 3.65% (and reduced the 5-year...

In the AFR I write that this column been much more constructive on risk since late May when we determined that interest rate markets were finally pricing in the...

For all the hubbub of inflation being the kryptonite of markets, very few of us realised that it would be rising rates that would really do the trick.  Since the RBA...