Blogotariat

The Market Ear on the melt-up. Buy signal up here? NDX just put in the golden cross. Golden crosses over the past years were followed by big melt up phases… Source: LSEG Workspace Not enough McElligott sums it up well: “There’s simply not enough “Net” leverage / Beta -“on” and returns have under captured the

The post Robots buy, buy, buy appeared first on MacroBusiness.

Inflation is falling across the advanced world. As a result, monetary policy is easing globally, as illustrated below by Justin Fabo from Antipodean Macro: As shown above, the decline in official interest rates has lagged other advanced nations. The recent local data shows that inflationary pressures in Australia are rapidly easing. Wednesday’s monthly inflation indicator

Wall Street struggled to find a reason to continue the post “Mission Accomplised” Iranian strike rally with European shares slumping despite a commitment of more military spending at NATO. Softer home sales in the US and a very cautious Federal Reserve Chair saw the USD sold off yet again, with almost all the undollars picking

The post Macro Morning appeared first on MacroBusiness.

With the release of the latest rental vacancy rate figures from SQM Research, it was revealed that, at a national aggregate level, zero progress had been made in addressing the nation’s rental crisis over the last 12 months. While SQM’s rental vacancy rates are not seasonally adjusted, a comparison of the same month in the

The post Australia’s forever rental crisis appeared first on MacroBusiness.

Democracy should be the right enjoyed by people of different countries rather than the privilege of certain countries. As the so-called Summit for Democracy, US' newest international charade, is about to kick off on Thursday, the Chongyang Institute for Financial Studies, Renmin University of China, released on Monday the research report "Ten Questions for American Democracy."

In handing down Western Australia’s latest budget last week, WA Treasurer Rita Saffioti announced $1.4 billion worth of measures aimed at addressing issues in the WA housing market. With the Western Australian housing market seeing rapidly rising prices and a dire lack of rental housing, Committee for Economic Development of Australia (CEDA) chief economist Cassandra

The post Australia’s housing shell game appeared first on MacroBusiness.

Equity markets in Asia are somewhat bullish although the latest softish CPI print kept Australian stocks and the dollar steady, despite further calls of cuts from the RBA. The USD is trying to clawback lost ground but its really all about the Yen at the moment as the BOJ indicates some hawkish positioning around their

The post Macro Afternoon appeared first on MacroBusiness.

Ausnet Services has radically improved the offer it's making to landowners, neighbours and communities around the controversial Western Renewables Link transmission line.

Following a wave of softer-than-expected data and the dovish May RBA decision, CBA has revised its expectations for interest rate cuts forward. “We now expect the RBA to cut the cash rate by 25bp to 3.60% at its 7-8 July meeting”, CBA senior economist Belinda Allen wrote. “And a follow up 25bp rate cut in

The post RBA set to rain interest rate cuts appeared first on MacroBusiness.

Australia delayed implementing global anti-money laundering rules for nearly two decades. In March, the Anti-Corruption Data Collective (ACDC) and Transparency International released the inaugural Opacity in Real Estate Ownership (OREO) Index, which ranked Australia last in the world. The index ranked major developed nations on two key criteria: 1) the scope and accessibility of real

The increasing cost of climate in-action has well and truly transitioned to become a hip-pocket issue not just for our farmers, but those in the “big smoke” as well.

The Market Ear with more on the hated rally. Still little chatter… …about ATHs. SPX practically at range highs. Let’s see how this plays out from here, but an extension of the squeeze is not consensus. FOMO risk is huge. Source: LSEG Workspace NDX seasonality “We are entering positive seasonality for the NDX. Over the last 25

The post The hated rally is always the most violent appeared first on MacroBusiness.

Three co-located summits will explore the role three technologies – wind energy, hydrogen and CCS – will play in achieving the "last mile" of decarbonisation.