A few weeks ago, after the attempted Trump assassination, we began collecting our thoughts on the implications of a Trump Presidential win and/or the Republicans gaining control of the Senate...

It’s been an interesting month or so in global equity markets. However, if all you did was look at the price movements across key global equity markets in our daily...

There were 3 surprises last week: ISM manufacturing PMI moving above 50.The 308,000 increase in non-farm payrolls in March.The equity market’s reaction to the non-farm payrolls data. Firstly, the US...

The last 10 days have certainly been exciting enough, although as capital preservation-focused investment managers we prefer boring, reliable, predictable etc. The market may well have been upset with the...

Who bought the dip? We often hear how retail money often rushes in to buy the dip in scenarios we had earlier this week. Well this time it was different. When...

Last week we said that it would be a huge week for economic data and certainly it did not disappoint. Chronologically we had the Australian CPI data, BOJ interest rate...

The narrative around a “new commodities supercycle” has received a lot of airplay in recent years. Commodities have seen a material rally in prices from their 2020 lows, which only...

The Australian employment data released last week was unequivocally strong: Employment increased 50.2k (10k expected) for the biggest increase in 4 months. This is something we expected.Full time employment was...

On the face of it the US CPI result that showed a monthly decline (-0.1%) and the year-on-year rate falling to 3% was very good news. The market’s reaction, however,...

The Chevron Doctrine is referring to the US Supreme Court’s decision 40 years ago, giving deference to the Environmental Protection Agency’s (EPA) answer or interpretation of environmental laws. It was...

World financial markets are addicted to liquidity to maintain the price level of assets. In a move reminiscent of the over-lending in the 2008 GFC asset bubble, Congress is voting...

Remarkably there are still a number of market commentators and economists claiming that inflation is still declining. Those that are calling for the RBA to increase rates, however, will be disappointed.

ASX hybrid securities are financial instruments listed on the Australian Securities Exchange (ASX) that combine features of both equity and debt securities. These hybrids offer investors a blend of the characteristics of...

The Australian Prudential Regulation Authority (APRA) is proposing several changes to strengthen bank capital requirements and liquidity standards in response to the global banking turmoil earlier in 2024. Here are...

The performance of the U.S. stock market during an election year is often a subject of significant interest to investors, economists, and policymakers. Historically, the market’s behavior can be influenced by a variety of factors related to the electoral process, including uncertainty over policy directions, investor sentiment, and the potential for changes in economic policy.

Hybrid securities are a unique asset class that combines features of both debt and equity instruments. For investors looking to diversify their portfolios and potentially earn steady income, ASX hybrid...

Interest Rates The rate reversal is gaining momentum with the Fed on a “slower to lower” path if going lower at all. Fed members continue to talk up their pensive...

Last week began quietly enough so as not to wake market participants from their delirium in which “Goldilocks” is real and “immaculate” disinflation is possible. All of this fantasy stuff...

The Federal Reserve last week, again, left rates on hold at its January meeting with Powell ruling out a March cut but otherwise keeping his dovish tone. The Federal Reserve...

Investing is very difficult around key pivot points. If it were easy everyone would be getting double returns consistently. After a short lull in the economy over the past 6...