The Market Ear does both. First, bubble. 3rd spot secured The day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well. Bloomberg NVDA coming for the number 1 spot 1. NVDA would need to hit ~$1,150 to surpass Apple in market cap. 2. It would need to hit
While the UK and Japan slip into recession its full steam ahead on Wall Street with a lower USD providing relief. Stocks in Europe rose as well with the latest retail sales data coming in softer than expected in the US alongside lower GDP estimates. The USD fell back to its start of week position
How do we survive as a nation with an iMSM that is so suicidally dumb? Origin Energy boss Frank Calabria says the energy giant’s only power station in Victoria, a gas-fired peaking plant, is running at full capacity to help stabilise the grid as thousands of the company’s customers remain without power. “We have a
We have raised a generation of hate haters. This is not healthy. Feeling intense dislike for something worthy of intense dislike is essential to the human condition and, more importantly, healthy living. Living without hate is living without love. One cannot be cut off, and the other be intact. Take, for example, my hatred of
Markets and economists have a tendency to look backwards and on the bright side. This is usually a good idea. An economy is not an easy thing to knock off course. But sometimes it happens. Today is one of those times. The RBA hiked in November and the economy hit a brick wall in both
Thursday’s labour force release for January from the Australian Bureau of Statistics (ABS) has cast doubt on the Reserve Bank of Australia’s (RBA) latest forecast that the nation’s unemployment rate would end 2024 at 4.3%. To recap, Australia’s unemployment rate rose to 4.1% in January with only 5000 jobs created over the month. The bigger
‘The spot for a city’ Dora Wilson, 1930s, National Gallery of Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Easy Listening
The post Macro Afternoon: 15 February 2024 appeared first on MacroBusiness.
CoreLogic has released its final auction results for last weekend, with clearances rising in the face of increasing volumes across the major cities. The final national clearance rate was 70.3% last weekend, the highest since the week ending 4 June 2023 (73.1%). The prior weekend had a clearance rate of 68.3%, while this time last
‘Tis relentless and has a very long way to run. Morgan Stanley with more. Major Deterioration in 4Q23 Earnings Pre-AnnouncementsOur China Equity Strategy team’s quarterly tracker of earnings pre-announcements showed that 4Q23 earnings alerts have deteriorated sharply. As of February 5, 34% of MSCI China companies issued alerts, and the pre-announcements (by number of companies)
Australia’s former universities turned Third World corporate parasites are pulling sharp u-turn: Universities and private colleges have cancelled scores of international student enrolment offers as institutions rush to protect their risk ratings following the federal government’s visa crackdown. Some education providers believe they’re being unfairly impacted by the government’s migration reforms which aim to slash