DXY held on last night. AUD the reverse. Still trending higher. Lead boots going nowhere. OIl and gold sank. Metals no byueno. Junk worried. Yild relief. Yield relief. Could not save stocks. It’s a day-by-day proposition right now, but I think TS Lombrd probably has the trend right. America is not about to lose its
Risk markets were relatively sanguine overnight as the Trump regime’s new “Tax” Deal (aka blowing out the deficit forever) passed while the latest flash PMIs suggested a slight uptick in confidence in the US despite the tariff chaos in the last month. Wall Street was up at one stage but managed to give back almost
Canadian analyst Ben Rabidoux posted the below graphic on Twitter (X), asking whether Canada should place a country cap on its permanent residency intake: The graphic shows that India has dominated Canada’s permanent residency intake, with around 560,000 admissions between 2020 and 2024. Rabidoux added that Canada had more than 400,000 permanent and temporary arrivals
In June 2024, AMP chief economist Shane Oliver presented the following chart estimating that Australia’s housing shortage was about to exceed 200,000 homes: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is
Risk markets in Asia are mainly stepping back in response to the falls overnight on Wall Street but more so on the burgeoning bond troubles as the US fiscal position looks to go into permanent deficit decline with the imminent passing of the Trump regime’s “tax” aka wealth redistribution billr. In currency markets, the USD
Recent polling by SEC Newgate Australia suggested that Victorians do not consider the $200 billion Suburban Rail Loop (SRL) a high-priority project. The SRL is the state’s largest-ever infrastructure project. Yet, it was barely mentioned in Victorian Treasurer Jaclyn Symes budget speech on Tuesday. The only mention of the SRL was the following spin: “The
The Market on the return of bad. Pausing SPX reversed right on the huge 6k resistance. First bigger support at 5800. Note the slightly negative RSI divergence. Source: LSEG Workspace Risk love Global Equity Risk-Love jumps to the neutral zone from the Panic levels witnessed in April. BofA writes: “Washed-out sentiment, followed by marked improvement
Via S&P. A Trump dump we might call it. Nothing too serious yet, but it’s hardly an economy running on all cylinders.
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Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Economist, Leith van Onselen, discuss the Reserve Bank of Australia’s interest rate cut and explore its impact on residential housing and the broader economy. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.
Here is the PC’s recipe to lift Aussie living standards. There is nothing, and I mean NOTHING, on that list to move the needle on productivity. It is all microeconomic waffle that is already underway or useless. Here’s what you do instead. Slash immigration to zero to force up wages, investment, and debottleneck infrastructure plus