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Hartnett: Bear market will end when…

September 19, 2022 - 11:40 -- Admin

Michael Hartnett of BofA leads the market chorus. I agree with most of the below though I am still unconvinced about the secular nature of global inflation and commodities. China going ex-growth is an enormous problem for that thesis.  Scores on the Doors: commodities 34.5%, oil 17.6%, US$14.6%, cash 0.5%, gold 7.1%, HY-14.9%, IG-17.6%, stocks-18%,

It’s still a bear market

September 19, 2022 - 11:20 -- Admin

The Market Ear with its latest. We should test the lows later this year There are many reasons to believe that we will revisit the lows later this autumn. Overall tactical & macro backdrop just do not add up to the ultimate bottom. We can bounce small this week – we list some observations on

International students drive rents into stratosphere

September 19, 2022 - 11:00 -- Admin

Over many months MB has documented the rental crisis sweeping across Australia. This crisis has come to the fore this month with CoreLogic recording the strongest rental growth on record in August, with rents soaring 10% year-on-year nationally: At the same time, SQM Research has recorded the tightest rental vacancies on record, with the vacancy

Developers starve housing supply to drive up prices

September 19, 2022 - 10:40 -- Admin

The Queensland government last week convened a housing summit to deliver affordable homes. The summit will look at greenfield development as a way of solving a lack of housing in the state’s south-east. However, Dr Cameron Murray believes such greenfield development will not help reduce house prices: “You can rezone and do whatever you want

Macro Morning

September 19, 2022 - 09:20 -- Admin

Risk markets remained in sell mode on Friday night, with US domestic economic data still suggesting the Federal Reserve will be on the war path with more rate hikes. Stocks fell across both sides of the Atlantic and it looks like selling will continue here in Asia on the open. The USD was largely unchanged