Wall Street had a very rough session overnight as the AI bubble seemed to show signs of instability with domestic economic concerns following the US government shutdown. Tech stocks led the selloff but it extended across all risk markets although currency markets remained largely on their individual trends as the Australian dollar pulled back after
Irina Slav from OilPrice.com summarised Wood Mackenzie’s Energy Transition Outlook 2025-26 as follows: Global demand for crude oil is projected to continue increasing until at least 2032, indicating that the world is significantly off track in meeting its Paris Agreement goals. Despite trillions of dollars invested in the energy transition, fossil fuels—oil, coal, and natural
Australia’s structural housing shortage is well-documented, with AMP chief economist Shane Oliver estimating that the nation was short at least 200,000 homes in 2024: Former senior immigration department bureaucrat Abul Rizvi believes that Australia’s net overseas migration will average around 300,000 annually under current policy settings, which is around 15% higher than Treasury forecasts. If
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
The Market Ear on stock dislocations. The bull in fear This much fear with markets so close to ATHs is not your usual market. Source: MacroMicro Who to trust The BTC fade or the NASDAQ squeeze. The gap between these two is very short term wide. Source: LSEG Workspace Stocks vs the economy Citi US
The ABS with the data. In trend terms, in October 2025: unemployment rate remained at 4.4%. participation rate increased to 67.0%. employment increased to 14,678,400. employment to population ratio remained at 64.0%. underemployment rate remained at 5.8%. monthly hours worked increased to 1,993 million. In seasonally adjusted terms, in October 2025: unemployment rate decreased to
In this week’s MB Fund podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, unpacks the latest forecasts for fossil fuel use from the International Energy Agency—why oil demand is set to keep growing under current policies, what that means for coal, oil, and gas investments, and how investors should be positioning their portfolios for the
The Australian Bureau of Statistics (ABS) released its Lending Indicators for the September quarter of 2025, the highlight of which was the record lift in investor mortgage commitments, as charted below by Alex Joiner from IFM Investors: Source: Alex Joiner (IFM Investors)There were 57,624 new investment loans approved in the September quarter of 2025, a