Michael Hartnett at BofA. Zeitgeist:“If no recession, equity lows are in, simple; but can’t jump back on bull unless Treasury yields falling below 4%, and earnings growth stays above 5%”, asset allocator. Tale of the Tape: 3Bs of Bonds (fastest 50bps UST jump since May’09), Base (Trump approval drop from 53% to 46%–Chart 3), Billionaires
The post Hartnett: Sell appeared first on MacroBusiness.
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Debate is raging today about a label that Peter Dutton has applied to the ABC and The Guardian that they are “hate media”. Regular readers will know MB’s frustration with the bias of these outlets when it comes to subjects such as the impacts on Australia of immigration, energy, and foreign relations. I would describe
The post ABC and Guardian are a form of “hate media” appeared first on MacroBusiness.
As the Kremlin massed troops on Ukraine’s border in early 2022, and the threat of sanctions grew, wealthy Russians began flying crates of cash home — with help from Raiffeisen Bank International, Brink’s and Bank of America.
The Australian Bureau of Statistics (ABS) released data last week showing that Victorians are paying the highest state and local taxes in the nation. As illustrated in the table below, state and local government taxes were $6,348 per capita in 2023-24, $654 (11.5%) higher than the state and territory average. Victoria has also experienced a
Electric vehicles (EVs) receive large subsidies in Australia. First, the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs) is estimated to cost the federal budget more than $550 million in lost tax revenue each year. However, the FBT exemption for PHEVs expired on April 1, 2025. According to the FBT exemption
Boris Johnson rages at Donald Trump's 'capitulation' to Russia - 'Putin will attack again'
Boris Johnson says it is time to take the boot off the neck of the Ukrainians and put the squeeze on Vladimir Putin.
The ferrous complex continues to struggle. The one hand, the US/China trade freeze is beginning to bite. On the other hand, Beijing is readying more yawnulus. BofA. Politburo meeting pledged to ready emergency plans The Apr Politburo meeting was held on Apr 25. This was the first meeting after theUS tariff hikes that offered high-level
Opinion polls continue to collapse on Peter Dutton and the Coalition ahead of Saturday’s federal election. The latest YouGov polling has the Coalition’s primary vote plunging to just 31%, down from 33% last week, with Labor’s primary vote rising 0.5% to 33.5%. The result is the lowest-ever primary vote the Coalition has received, according to
The Market Ear on the bear market bounce. After the bounce After a 15% run, SPX meets trendline resistance with fading breadth, neutral RSI, and no oversold fuel left. Now it gets harder. Now what? The “easy” part of the bounce is over. Now comes a slightly more tricky setup. SPX is up some 15%
The post Stocks party with the child president appeared first on MacroBusiness.
Wall Street ended the trading week on a strong note, continuing the rebound from recent lows after more flopping on tariffs from the Trump regime however a weekend Time interview and further comments out of the White House could unsettle markets again. Friday night saw European stocks also lift higher while the USD firmed against
The post Macro Morning appeared first on MacroBusiness.
