Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, look at a number of concerns that investors have about market concentration. The two big ones: (1) With almost 40% of the US market in the hands of just 10 stocks (2) at the same time the amount of money in passive stocks
The post MB Fund Podcast: Market Concentration Risks appeared first on MacroBusiness.
What is the wokester to do when his great enemy, Trump, tries to end wars? Simple! Abandon the suffering to protect his virtue. Wokey is just awful these days. Talking of chaos, there is yet more tariff news (at the time of writing it is top of the ABC, Reuters, The New York Times, The Wall Street Journal, CNN, BBC, and
The post Crikey appalled by ending Ukraine War appeared first on MacroBusiness.
UN climate chief Simon Stiell jetted into Australia to blame us for the world’s climate woes. Stiell claimed that Australia will let the world “overheat” and stated that fruit will be a “once-a-year treat” if the Albanese government doesn’t lift its clean-energy ambitions. He also warned that unambitious interim targets would destroy Australia’s “high living
The Market Ear on gold. UBS on gold 1. World gold Council’s 2Q data shows a slight slowdown in central bank gold buying, but 43% of reserve managers still plan to increase holdings (vs. 29% in 2024). 2. Investment demand is strong, led by ETFs and bar/coin buying. 3. De-dollarization, sanctions, Fed doubts, and geopolitics
The post Gold done or just getting started? appeared first on MacroBusiness.
Now that we have the final booth results for the Tasmanian state election, I’ve decided to add another chapter to a series of blog posts analysing the geographic trends of individual candidates within each party within each electorate. You can read my blog posts about the 2021 election and the 2024 election here. I’ve also done similar analyses for ACT elections.
Risk markets moved on geopolitical and outright political shenigans overnight with Apple pushing the NASDAQ over 1% higher while possible good news over Ukraine – via the US bullying India into submission over its Russian oil purchases – and more speculation about changes at the US Federal Reserve kept the USD significantly weak. Only Yen
The post Macro Morning appeared first on MacroBusiness.
DXY is dropping again. Sticking with the recent rally pattern, AUD is not rising as fast. Lead boots are stable. Gold is firm, oil weak. Metals tracked DXY. Big bear intact. EM rebound. Junk too. Yields firmed. BTFD! The AUD has resumed rising with broader risk. Or, should we say, resumed inflating with the broader
The post Australian dollar inflates with the bubble appeared first on MacroBusiness.
On the 16th of June 2015, Donald Trump declared that he was going to run for the presidency of the United States. At the time, it was a source of jokes for late-night hosts and a target of ridicule by Democrats riding high following two consecutive strong presidential election victories for Barack Obama. For those
Green across the board for Asian stocks today despite the poor lead from Wall Street overnight, basically on speculation that the US Federal Reserve is likely to ease in September against dwindling domestic conditions in the US economy. The USD lost further ground against the majors particularly Kiwi but also the Australian dollar which has
The post Macro Afternoon appeared first on MacroBusiness.
The Market Ear on the stock stall. SPX levels SPX is trading inside the trend channel that has been in place since late May. Short term support at 6300 (futures), which is the lower part of the channel. 50 day comes in around the 6200 area. Resistance: ATHs. Source: LSEG Workspace NASDAQ levels NASDAQ is
The post Stocks out of fuel appeared first on MacroBusiness.
Statistics New Zealand on Tuesday released Q2 labour force data, which reported a decline in employment and a rise in both unemployment and underemployment. As illustrated below by Justin Fabo from Antipodean Macro, overall employment in New Zealand declined by 0.1% in Q2 and was 0.9% lower over the year. New Zealand’s unemployment rate rose
The Productivity Commission is taking a rosy view of AI. AI will likely raise productivity, but there is ongoing debate about the magnitude of this effect. Studies suggest AI could increase multifactor factor productivity between 0.5% to 13% over the next decade (0.05 to 1.3 percentage points annually). After examining the assumptions underlying these studies,