The perfect bubble is here, says the Market Ear. With systematics now fully engaged, it is hard to argue with. 100% too perfect Ring the bell. This is as good as it gets. Years ago we had the “Bündchen Bottom” in the dollar. Now the market just gave us the Sydney Sweeney squeeze Top –
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Goldman wraps the EOFY bump in retail sales. Nominal retail sales rose 1.2%mom in June, above expectations (GSe:+0.9%mom, BBG: 0.5%mom). The quarterly data were also firmer than expectations, with volumes rising 0.3%qoq in 2Q 2025 (GSe: -0.3%qoq, BBG:+0.1%qoq). That said, the acceleration in volumes growth was driven by a rebound in Queensland following flood-related weakness
The Australian Bureau of Statistics (ABS) released dwelling approvals data for June, which posted another solid rise. There were 15,984 dwellings approved in trend terms in June, the highest volume since September 2022. Despite the rebound, approvals remained 20% below the monthly 20,000 run rate required to meet the Albanese government’s target to build 1.2
The ferrous complex likes to stick to seasonal patterns, but the sgtins are not good when steel gives way. Nor when PMIs give way. China official NBS manufacturing PMI: 49.3 in July, vs. 49.7 in June. Official non-manufacturing PMI: 50.1 in July, vs. 50.5 in June. The construction PMI fell notably in July to 50.6
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As part of a recent analysis of Department of Home Affairs data, it was revealed that: “Nearly half of the New Zealanders applying for Australian citizenship weren’t born here (in New Zealand), according to data from the Australian government.” According to the Department of Home Affairs, in the two years since July 2023, over 92,000
King dollar is back. AUD is beheaded by the king. Lead boots give up. Oil and gold mark time. Metlas mania implodes. Big mininig, big bear intact. EM flames out. Junk OK. Yields firm. Stocks stall. The market is just far too short US dollars triggering a short squeeze. As its economy and assets outperform.
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Records obtained by U.S. intelligence officials indicate the FBI would play a role in putting “more oil into the fire” of the Russia collusion hoax ahead of the 2016 presidential election, according to newly declassified documents released Thursday.
“We’ve got more thinking to do:” Coal giants say home batteries will reshape and “minimise” the grid
Sticky tariff induced inflation in the US overnight sent Wall Street lower as the expectation of rate cuts were diced as the latest PCE came in higher than expected. The Trump regime continues to bully Canada with the probability of 35% tariffs rising as no deal or framework before the August 1st “deadline” while Mexico just
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Data from the Australian Energy Market Operator shows that wholesale electricity prices on the East Coast were 23% higher year-on-year in the June quarter. The wholesale price averaged $140 per megawatt-hour during the quarter—the highest level since 2022, when the wholesale price topped $260 per megawatt-hour following Russia’s invasion of Ukraine. AEMO attributed the spike