The uneasy start to the trading week continues as markets weigh up the recent EU and Mexican tariff letters from the Trump regime while also awaiting tonight’s US CPI print that is sure to define risk for the rest of the month. The USD was up slightly after the weekend gap but is stalling out
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In Q1 2025, New Zealand’s economy unexpectedly grew by 0.8%, surpassing the Reserve Bank’s forecast of 0.4%. However, as illustrated below by Justin Fabo from Antipodean Macro, New Zealand’s GDP still declined by 0.7% year on year. The Reserve Bank of New Zealand responded by keeping the official cash rate (OCR) on hold at 3.25%
The Market Ear on more possible buyers. What’s not to like…? Equities may be at all-time highs, but positioning and sentiment still don’t scream euphoria. With neutral fund flows, massive sidelined cash, and no real signs of exuberance, the setup supports a potential melt-up — especially if CTAs, volatility traders, and retail all step in.
The post The bubble can inflate appeared first on MacroBusiness.
During the GFC, the U.S. state of Texas emerged relatively unscathed. To get a handle on the relative performance of the Texas housing market during this era, we’ll also be looking at the Texas economy, labor market, and foreclosure rates, as well as some commentary from academia. A Bit Of Background – The Lone Star
