DXY is hovering. AUD dumped and pumped on tariff headlines. CNY has rolled. Gold to heaven, oil to hell. Metals turned casinos. RIO is breaking out of the big bear on the debasement trade. If it mined gold, I might agree. It doesn’t. EM dubious. Junk trying at the centre , not so much the
The latest batch of rental data from Cotality and SQM Research suggests that Australia’s rental market has tightened. As illustrated below by Justin Fabo from Antipodean Macro, Cotality reported a capital city vacancy rate of 1.5% in September, which was 0.4% lower than a year ago and the lowest vacancy rate on record: The number
Asian share markets are still stumbling following some potential progress on the rare earth US-China trade war while local economic releases and the latest RBA minutes are not really supporting more rate cuts for now. Despite this the Australian dollar fell back again to its Friday night lows as the USD lifted against most of
The 12 months ending 30 September were volatile. But, after all was said and done, our international fund finished up 25%, our Australian fund finished up over 10%. Our tactical growth finished up over 14%. All of our funds look attractive relative to their benchmarks, especially as they were all significantly less volatile than the
The Market Ear has more. The Alchemist way Gold’s “unstoppable” upside trajectory continues. We have been pointing out the similarity with the early 2025 break out move for weeks. That triangle break out saw gold surge by around 28%. Apply the same percentage gain to the late August break out and we could reach around
It’s no secret that millions of Americans are struggling more today than they were prior to the pandemic. When one assesses metrics like consumer sentiment through the lens of individuals on the lower rungs of the socioeconomic ladder, the impact becomes immediately clear. What is often less clear is exactly what lengths Americans are going
Buy the dip or sell the rip? Technicals are clear as mud. The Market Ear. SPX technicals SPX has so far bounced on the 50 day, but this is not a very impressive bounce. Note we reversed 50% of Friday’s candle so far today. 6600 is the short term must hold level (50 day is
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RIO this morning. Iron ore: Pilbara achieved its second highest Q3 shipments since 2019, up 6% from Q2. As part of our Iron Ore replacement strategy, West Angelas Sustaining Project received all Government approvals in October. • At the end of Q3, we had around 1.5 Mt of stockpiled ore at the SimFer mine gate.
It is critical to understand Australia’s immigration policy in a historical context. During the first 60 years following World War II, Australia’s net overseas migration (NOM) averaged 90,000 per year, with only two years exceeding 150,000. In the 15 years of ‘Big Australia’ immigration preceding the pandemic, NOM averaged 220,000 per year, a 145% increase
As the base falls away, the structure rises ever higher. This is the pivot to Palestine in geopolitical terms. The Palestinian conflict has never been less relevant to everybody on earth. The great oil wars of the post-1970s period are over. The rise of US shale and non-OPEC oil has destroyed the geopolitical importance of