BanyanTree Investment Group 
There is growing evidence of increasing populism in the world today. We would argue President Donald Trump was elected on both occasions in part due to this anti-politician narrative. Then more recently one of the most recognisable cities and potentially a poster child for capitalism New York elected Democratic Socialist Zohran Mamdani as Mayor. His … Read more
Hopes of further RBA interest rate cuts copped a big blow after the latest inflation data came in stronger than expected. Reacceleration of core CPI. Australian CPI was up +1.3% QoQ in 3Q25, which was above consensus estimates at +1.1%. On an annualised basis, inflation is up +3.2%, which is now above RBA’s target range … Read more
QUESTION 1 – Oil markets are in contango. What do you make of this – excess supply concerns or demand concerns which, reading between the lines, could be signaling increasing recession risks? Firstly, we consider many indicators when looking for cues on impending recession risks and of course oil is a widely followed one. With … Read more
A market correction had to come at some point! Both the S&P 500 (-2.7%) and NASDAQ (-3.5%) sold off aggressively on Friday after U.S. President Donald Trump threatened China with massive increases in tariffs. He further threatened to cancel the upcoming meeting with China’s President Xi Jinping in South Korea. What did China do to … Read more
U.S. President’s approval rating As investors start to look towards 2026, there is a key event which will take place toward the end of 2026 – the U.S. midterm election. Leading up to and the result of this midterm election could have a material impact on the economy and financial markets. U.S. President Donald Trump … Read more
IEA new bullish oil demand forecastsOver the past 5-10 years the predictions for oil have been dire. However, a recent update from a leader in all things energy – International Energy Agency (IEA) – caught our attention. It appears the IEA is no longer certain about the peak in oil demand…in case you missed it, … Read more
It has been a busy month and half with companies from around the world (with a particular focus on the U.S.) and Australia providing an earnings update. Perhaps more importantly investors were interested in hearing managements’ commentary on the current trading environment and their twelve-month outlook statements. While share prices may bounce around over the … Read more
CSL is well owned across Australian investor portfolios, including Banyantree Australian Core Equity strategy. The recent share price decline has caused us as much angst as anyway else. CSL’s recent share price decline and overall trend over the past 1 year (price down from ~$310 to $220) has raised a few questions. In our report (attached … Read more
On gold, the question we are not asking is whether the price will go up or down and concerns around the price being at an all time high. The question for us is more a portfolio construction and diversification one. Do we believe gold [as perceived by the market (remember: in our view history rhymes … Read more
The markets have made a remarkable recovery from their “Liberation Day” induced sell-off in early April, with the S&P 500 Index up +28.3%, S&P/ASX 200 Index up +16.6% and MSCI All Country World Index (AUD) up +17.3% from their April lows (at the time of writing). If we look across the global equity complex, apart … Read more
