A somewhat mixed day for Asian stock markets without a clear lead from Wall Street overnight although this might clear up as the Trump regime turns the lights back on in the US government. Today’s local unemployment print saw the Australian dollar soar higher on the strong result with local stocks pushed lower as the
Jennie George is a former ACTU president and Labor MP for Throsby. George has been a vocal advocate for domestic gas reservation, which the Albanese government has shirked. Last week, George wrote a stunning article in The Australian attacking the Albanese government’s drive for net zero, warning that it will drive up energy costs and
The CBA bubble has been quivering uncontrollably for the past few days. It’s fallen all the way to 26x NTM, only double the historical average. Its peer group is also very fully valued, if less so. Compared with elsewhere, the bubble remains multi-sigma yuge. Citi reckons the bubble is just rotating. I can’t say I
