Even when central bankers are surprised, they do so conservatively. Jerome Powell cut rates 50 bps but then did his best to allay any concerns that the US economy is secretly worse than it seems. Meanwhile, in Oz, the RBA remains alert but not alar...
Learn moreWhat do central bankers like to do in their spare time? If the annual meeting in Jackson Hole Wyoming is a gauge, they like hiking and canoeing. Both activities typically follow a set route and are performed at a leisurely pace. Should we expect anythin...
Learn moreContinuing good inflation data in the US has sent markets into the “great rotation”. However, the Federal Reserve still needs a little more good news before it decides to cut. In Australia, the all-important June quarter CPI print was a mixe...
Learn moreAt 10:08 am (AEST) on 15 July 2024, the ASX 200 broke the 8,000 barrier for the first time (see chart below). But unlike the breaking of the 7,000 mark in January 2020, it was more of a raspberry than a bugle call. There is too much uncertainty around t...
Learn moreUS consumers seem more Garfield than Furiosa at the moment with some good news on the inflation and consumer confidence fronts in May. Inflation may not be so sticky in the US after all? The Fed Reserve is however still talking tough. Inflation is still...
Learn moreCentral banks have been wishin’ and hopin’ and thinkin’ and prayin' that inflation would keep falling all the way back to their 2% target. Sure, the last mile will be the hardest they said. Well the US and Australia have just hit i...
Learn moreBridges may be crashing down, cargo ships sinking in the Red Sea, and the Panama canal drying up but the major stock markets continue to push new highs. If we are in an AI stock market bubble, surely ChatGPT would tell me? The US has gone from &ldqu...
Learn moreIron-ore magnate Andrew “Twiggy” Forrest has almost become legend. He has grown a USD 17.5 billion family fortune from scratch, and is now among Australia's largest philanthropists. Last year, he also ran full-page ads in the New Yor...
Learn moreUS tech stocks tore it up in February with Nvidia and Meta reaching new highs. Meanwhile, the Chinese stock market found its inner dragon, Germany’s green economics is seeing red, and Australia ponders strong wage growth, falling iron ore prices, ...
Learn moreStock markets in the US and Australia have been flirting with all time highs as the end of year rally continued into January but in China, the situation is not so grand. House prices and consumer spending are down again while stock market lows hav...
Learn more| 1 2 |