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Stocks only go up

June 30, 2025 - 09:30 -- Admin

The Market Ear with the charts. What a week! “Markets are built to recover, we as humans are built to not trust it”  What a week with NDX up 4%, SPX/RTY +3% while US 10YR eased 10bp. This thanks to a rapidly improving macro backdrop, an increased enthusiasm around AI and light positioning. Any way

Macro Morning

June 30, 2025 - 09:00 -- Admin

Stock markets on Friday night pushed to new highs or tried to return to them on both sides of the Atlantic but risk was hit by another Trump temper tantrum as he failed again to actually negotiating a trade deal, this time with the Canadians, still unable to look up the word “concession” in the

Sydney’s ‘wicked’ housing conundrum

June 30, 2025 - 00:05 -- Admin

Mark Litwin, Head of Investment Sales (NSW) at Knight Frank, penned a report on Sydney’s housing market fundamentals, which are underpinned by “persistent undersupply”. Sydney’s most powerful tailwind remains its chronic housing shortage. Population growth—fuelled by the return of overseas migration—has outpaced dwelling completions for much of the past decade. Detached housing in established suburbs

Australian dollar the new Euro trash

June 29, 2025 - 09:28 -- Admin

DXY held Friday night, but EUR is a runaway locomotive. AUD fell and is eating European dust. Lead boots were made for climbing. Gold is in a spot of bother; improving geopolitics outweighs a falling DXY. Metals reflation is go. Another chance to short the world’s greatest bear market. EM meh. Junk stalled. As yields

The economic week ahead

June 29, 2025 - 05:01 -- Admin

By Lucinda Jerogin, Associate Economist at CBA Australian CPI inflation surprised to the downside at 2.1%/yr in May 2025. The policy relevant trimmed mean measure eased to 2.4%/yr. As a result,we brought forward our expected timing of the next RBA rate cut to July. News offshore was dominated by geopolitical events as hostilities between Israel

MB Podcast: Australia is no longer the ‘Lucky Country’

June 28, 2025 - 09:00 -- Admin

In this MacroBusiness podcast, Gunnamatta and Leith van Onselen unpack the budget outlook, the deindustrialisation of Australia, housing policy failures, energy policy failures, and the nation’s falling productivity growth. Highlights: 0:00 Introduction 1:00 Why Australia’s budget finances are unsustainable 10:30 Australia is deindustrialising 12:07 Australia should be the richest nation on earth 17:46 Australia’s energy

Weekend reading and media appearances

June 28, 2025 - 00:05 -- Admin

International Reading: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA – The Daily Beat Gen X is the least financially secure generation – Independent Cargo ship carrying 3,000 vehicles, including 800 EVs, sinks in the Pacific Ocean – Live Mint US economy shrunk faster than expected, new data shows – The Hill

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