Overnight, we have seen a rally for Treasuries and the biggest surge in major U.S stock indexes since March. We have seen the NASDAQ 100 gain 3.2%, the S&P500 gain 2.3%, and the NYSE Composite gain 1.88%. Across other asset classes, we have seen: Show More
For years now, many have told us that Australia is heading for an imminent recession. By contrast official forecasts have long been looking for several years of above trend growth. In the event neither has happened and we don’t see them happening anytime soon. Against this backdrop there are five... Show More
Domestically, the rise in mortgage rates is starting to bite sections of the economy. Lower auction clearance rates have been observed and the first decline in Sydney house prices were posted in April. Show More