Charts from TME. NDX is flirting with serious support levels while tech volatility trends higher.. Sag 7 in trouble. It’s pretty clear the market wants less capex spending. Apple is showing the way. Concentration is falling. NDX skew is nasty. Lot’s of bears here. Diffusion is extraordinary as the market gyrates wildly through winners and
There’s no escaping the fact that buying a property in Australia will naturally entail high costs. This is especially true in populated regions near major cities like Sydney and Melbourne—places where demand for housing is steadily and sharply rising well beyond the $1 million barrier. The good news is that prospective homeowners don’t have to
The Australian Energy Market Operator’s (AEMO) July 2023 Transmission Cost Report, which was released alongside updates to the 2022 Integrated System Plan (ISP), stated that estimated costs for some major transmission projects had increased by up to 100% compared with 2022 ISP estimates. AEMO also said that “we recognise that higher costs for network development
“Tiny” Tim Wilson is your new shadow treasurer. New Coalition Treasury spokesman Tim Wilson has warned too many jobs are reliant on government support and vowed to put small business at the heart of his agenda, amid expectations real wages will go backwards for the first time in more than two years. With Labor set to
The RBA minutes made clear there is no hurry to move again, either way. In considering what these observations implied for upcoming decisions, members agreed that the prevailing uncertainties meant it was not possible to have a high degree of confidence in any particular path for the cash rate. They pointed to risks on both
Over the decades of America’s post-war history, few sectors have been as strongly protected as car manufacturers, with everything from bailouts to favourable regulations helping them survive in an increasingly competitive automotive landscape. Over the years, a well-trodden path for manufacturers seeking access to the American market with minimal to no trade barriers has been
The media release accompanying the Reserve Bank of Australia’s (RBA) recent interest rate decision noted that “growth in private demand has strengthened substantially more than expected, driven by both household spending and investment”. The RBA’s Statement of Monetary Policy (SoMP) also noted that “the pick-up in consumer durables inflation was stronger than expected in the
There is an immigration cult in Canberra. It has nothing to do with national interest and everything to do with self-interest. Because population growth adds to GDP, pollies don’t need to pursue reform to drive growth. And it lifts their property portfolios. Too easy! They can just lie that the economy is growing for you,
The Reserve Bank of New Zealand has reduced the official cash rate (OCR) by 3.25% since mid-2024, which has driven a sharp decline in mortgage rates to around pre-pandemic levels and a significant improvement in mortgage affordability: Normally, such a sharp reduction in mortgage rates would deliver a strong rebound in home values. However, no
My friend and colleague, LVO, has done an excellent job of outlining how China and India have been commissioning large amounts of coal power. What he has not done, however, is examine the underpinnings of multilateral agreements to cut emissions over time. International agreements on carbon emissions acknowledge the historical right of poorer countries to