Blogotariat

Greater fools are driving the stock rally. The Market Ear. Cause for concern There are a number of “causes for concern” now when we look at positioning indicators. It has been retail investors that have done the majority of the buying over the last few days. Inflows into equity funds have been close to “manic-like”.

The post Greater fools drive the stock rally appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) on Monday released dwelling approvals data for the month of December, which recorded total approvals of 15,378 in trend terms. As illustrated in the next chart, approvals have rebounded recently, driven by units & apartments. Even so, the 15,378 monthly approvals were 23% below the 20,000 monthly run rate

The post Aussie home builders need interest rate cuts appeared first on MacroBusiness.

In November 2022, I lambasted immigration minister Andrew Giles for headlining a private Victorian Labor Party fundraising dinner organised by controversial Labor figure Jasvinder Sidhu. It was alleged that Indian migration agents paid $1,000 to attend the dinner to “buy” access to Giles and raised concerns with him about visa and migration policy issues. “We

The post Political treachery is destroying Australia appeared first on MacroBusiness.

Clean energy investment hit a new high in 2024, off the back of record electric vehicle sales and record renewables growth. But BNEF says there is "still much more that needs to be done."

We are now just over a month out from the Western Australian state election. The writs will be issued tomorrow, and nominations close next week.

This seemed like the right time to unlock my state election guide for everyone to read. The guide has been an exclusive for members of the Tally Room who sign up via Patreon.

The guide features profiles of all 59 Legislative Assembly races and a profile of the new statewide at-large Legislative Council contest. Read the guide here.

Risk markets took their deep breath yesterday morning in reaction to the Trumpian Trade War but overshot as usual, with some mild recoveries overnight including Wall Street. Currency markets flocked to the USD but have recovered at least half of their respective movements with the Mexican turnaround or stay helping ease the volatility, although the

The post Macro Morning appeared first on MacroBusiness.

DXY was back but then not. AUD put in an impressive hammer candle bottom. I’m baffled by the reaction of auld lead boots. Oil down, gold up. Commods mixed. Miners meh. EM lol. Junk whacked. Yields hardly moved. An extinction-level asteroid could hurt stocks. Pretty wild pump and dumps on this. Lol, Mexican troops to

The post Australian dollar roars as trade war ends appeared first on MacroBusiness.

Another three big renewable and storage projects enter EPBC planning pipeline, with two of them branding themselves as "energy hubs".

Mind the gap! The new trade war over the weekend, which is set to escalate further as the world pushes back at the Bully-in-Chief sent, well everything risk associated lower with Asian stock markets the first casualties. Currency markets all experienced wide 100-200 pip gaps on the open this morning as the USD soared against

The post Macro Afternoon appeared first on MacroBusiness.

German region received 440,000 complaints against wind projects. Most came from a single group, with one person writing 565.

Community consultation has begin on the creation of the Hunter-Central Coast renewable energy zone, which is featuring an upgrade of existing network capacity rather than new transmission lines, and which could emerge as a model for futu

The Market Ear with the latest update on equity internals. That was quick SPX approaching range highs soon. Monday’s intraday lows actually touched the 100 day… Refinitiv Vulnerable shorts 1. Post-Monday’s AI selloff, long positions have become cleaner as “risky” longs were sold. 2. Monday saw the highest net selling since September 2024, driven by

The post Will tariffs blow up stocks? appeared first on MacroBusiness.

Wind and solar are not far from overtaking coal and gas in Australia's main grid. But market volatility is affecting prices. Are they being manipulated?