The iron ore jaws have eased slightly. Bearish commentary is spreading. Iron ore’s robust start to the year is at odds with market fundamentals, as China’s steel output is on course for a seven-year low and port stockpiles have ballooned. The rally in iron ore futures is being driven by improved risk appetite and expectations
Wall Street lifted slightly on a better than expected weekly initial jobless claim print in the US (led by the fact that you can’t be jobless if you’re in an ICE concentration camp or on a plane exiting the country) while oil prices dived 5% on news the Iranian strikes by the Trump regime were
When the government of Prime Minister Robert Menzies was elected in 1949, it came with a pledge to focus on raising home ownership rates and giving Australians a stake in society. Seven years earlier, in 1942, Menzies delivered a wartime radio address to the Australian people, arguing that home ownership was vital to a stable
Silver took a nose dive as the Trump regime enacted a critical minerals directive plus tariffs on semiconductors amid more national security beat-ups while still promising an attack on Iran keeping other risk markets in check. The USD remains somewhat firm due to safe haven bids while the oil price has been beaten back slightly.
Perhaps we can be grateful that Australia’s capital city and its national interest policy process are so far gone from sense that no legislation is any longer possible. Thus, the response to the horror of the Bondi massacre appears to be melting down faster even than it was ill-conceived. Having allowed himself to be bullied
Charts thanks to TME. SPX range high reversion. Three black crows for tech. Vol of vol on the move. Rotation to the mini-me. Vix is very short. And will soon get the accelerant. Some vol moving ahead. Anarcho-imperialsim is here as a market factor. It takes a pretty sizable geopolitical shock to make a
Roy Morgan reports that mortgage stress has fallen to its lowest level since January 2023, following the Reserve Bank of Australia’s (RBA) three 25 bp rate cuts. Roy Morgan classified 24.7% of mortgage holders as ‘At Risk’ of’ mortgage stress’ in the three months ending November 2025, a 3.2% decrease from August 2025 and significantly
In recent months, the evolution of events and rhetoric over Greenland has been absolutely unprecedented. “Unprecedented” is a word that has been thrown around a great deal in recent memory, but in this instance, it’s entirely apt. On one side of the divide over the issue, there are reports that U.S. President Donald Trump ordered
Cotality’s Chart Pack for December shows that dwelling values nationally increased by 2.9% in the final quarter of 2025, with regional values (3.5%) outpacing capital city values (2.7%). One of the key factors driving the rise in Australian dwelling values is the complete dearth of homes available for sale. Cotality’s data shows that total listings
Wow. For a market that is falling apart, there are some amazing things happening to hold the iron ore price aloft. Chinese December trade data yesterday smashed record import volume at an astounding 119.65mt. Steel exports were at a record, too, as some mills frontloaded ahead of the new export licensing system. But the chart