Charts from TME. SPX is caught in a bearish rising wedge, tough it could also be seen as a bullsh asending triangle. Tech is more neutral and could go either way from a symmetrical triangle. The NY rotation has been from tech to the broader market, or, put another way, from AI spenders to AI
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As of the latest building approvals data from the ABS, in the last 12 months, 111,500 detached houses were approved for construction. This result comes with both good news and bad news. The good news is that the figure for detached house approvals is up by 6,800 homes from the lows seen in December 2023.
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In an article published in the Swiss Military Journal, Swiss officer Pascal Koller slanders Jacques Baud in the most despicable manner. We prove that he is lying and show that criminal charges are the only way to put this petty criminal in his place. Is he being protected by the Swiss army leadership or is he acting alone?
As expected, nothing of substance will be discussed beyond tightening a police cordon around your life and opinions. Tackling antisemitism by investigating the nature and prevalence of antisemitism in institutions and society, and its key drivers in Australia, including ideologically and religiously motivated extremism and radicalisation. Making recommendations that will assist law enforcement, border control,
After a stupid statement by the silly old fart Bob Katter stating that every school should have an armoury in which each child could store their rifles, I wrote a piece about him and the reason he was so keen to sell more guns to Australians. That reason was that his son-in-law owns a large supplier of arms, ammunition and accessories1. Ever the spiv.
The fatal shooting of a woman in Minneapolis, Minnesota, by an ICE agent was a “tragedy of her own making,” US Vice President J.D. Vance has said, throwing his full support behind the agency.
Analysts are beginning to assess the implications of the Trump administration’s toppling of the Maduro government in Venezuela, not only for the Americas but also for the world. In 2024, Venezuela exported around 1 million barrels of oil per day. In January 2025, a little under half of that, around 390,000 barrels per day, was
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The ferrous complex is up to its usual New Year games as speculation mounts about imminent yawnulus. There is some evidence for increased fiscal support in early-year bond issuance; however, the usual caveats apply. More and more, such spending is directed away from commodity-intensive uses. Additionally, the yawnies must now contend with the anti-involution investment
A huge fill in the US trade deficit overnight gave the USD some more power, while the latest US initial jobless claims suggest another weaker NFP print tonight that should encompass post shutdown data. Wall Street stumbled around however as did European stocks with oil putting in a surprise breakout, most likely due to protests
The post Macro Morning appeared first on MacroBusiness.
Are Russia and China, the BRICS, willing to continue to let Trump redraw the ‘mappa mundi’ according to his own exclusive interests? Or is it time to see a real alternative to US hegemony take shape?
No alternative to US hegemony?
Ricardo Nuno Costa
DXY is threatening a little again. AUS has a nasty candle but has not yet broken support at previous resistance. CNY is supportive. A rare up day for oil. Metal mania has turned DXY bust. Another nasty candle on big miners. EM sag. Junk refuses to corroborate any rally. US long-end warming up. Stocks struggling
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A new analysis finds that the richest 15 billionaires in the U.S. saw their wealth skyrocket by nearly $1 trillion in the first year of President Donald Trump’s second term, which also contained one of the single largest cuts to welfare benefits in U.S. history.
With corporate media forcing PM Albanese into a small target corner on messaging, the right is filling the rhetorical void. Andrew Gardiner looks at the repercussions.
Albo’s search for the middle leaves him exposed on both flanks
by Andrew Gardiner