Market Overview

Stocks fell sharply yesterday, ahead of Jay Powell’s testimony today. It would be great if Powell acknowledged how much financial conditions have eased and that easing conditions could undermine...

Asian share markets have had a mixed session today despite the falls overnight on Wall Street with volatile commodity prices and US politics overshadowing confidence. The USD remains slightly weak...

In late 2022, I often said that while I didn’t think it would be severe I figured we would have a recession in 2023 because we had never seen an energy spike at the same time that the Fed was...

Westpac’s latest Home Ownership report reveals 44% of Australians are planning to purchase a new property in the coming five years – up 9% in six months. Key points The number of first...

Measured by current prices, GDP growth through the year to December was 4.4%, but this doesn't take into account that prices rose 4.1% over the same time. Key points GDP growth was 0.2% through Q4,...

Overnight saw the release of the latest US ISM services PMI, which came in much softer than expected and led to a drop in the USD and bond yields. Wall Street still lacks confidence to move higher...

Though the economy is stable and markets are bullish by definition of price trends, the underpinning is anything but healthy.The U.S. national debt is rising by $1 trillion about every 100 daysOf...

Despite a slight slowdown, the economy continues to thrive and the chances of a rate cut at the March 20 meeting stand at a minuscule 2%. In this piece, we will consider the recent statements from...

There have been plenty of holes poked in the Albanese Government’s Help to Buy scheme since its announcement, but one of the biggest isn’t being talked about enough. Key points The Help...

Overnight saw some calm return to most markets without any major economic catalysts, as bond yields moved slightly higher on firming expectations of a rate cut from the Fed while the USD slipped only...

DXY eased last night:AUD is weak:CNY is in stasis forever now. What a global reserve it’s going make!Oil fell, and gold ramped:Base metals yawn:Miners yawn:EM yawn:EM junk is still leading risk...

Bitcoin and gold were both top of mind at last week’s 2024 Investment U Conference in Ojai, California, which I had the privilege of presenting at. There was a rumor circulating that the Bitcoin...

A lot is happening this week with key data and earnings in the offing. Powell, the ECB, and Broadcom (NASDAQ:AVGO) earnings have the potential to be market movers.As discussed on Thursday, the Nasdaq...

In the podcast, we covered several global macro themes and investment opportunities.Macro is back, and it’s impacting markets everywhere you look. We discussed the chart above: it shows the...