One of the most interesting aspects of this week’s US Federal Reserve interest rate decision is the subtle changes in wording that have made a big…

January 2023

Aussie retail sales slumped by 3.9% in December. To put this into perspective, sales rose by 1.7% in November and the market was expecting sales to only…
One of the clear trends emerging so far this year is the clear distinction between economic trends in the US, Europe and Asia. As we wrote last week…
The Aussie inflation numbers are worse than expected, with the trimmed mean rising 1.7% compared to the previous quarter. This compares with market…
One of the biggest challenges facing countries around the world is the very tight job market. Unemployment is at historically low levels and while that…
Successful investing is about picking trends and sticking with your intuition no matter what short term market movements do. This is also called…
It’s great to be back in the office this week, contemplating and planning about the big themes that will make a difference this year. I spent a lot of…
I spent most of the holiday thinking about the re-opening of the Chinese economy and the impact it will have on global investments this year. I’ve…

December 2022

There’s a lot of good news for investors, if you manage to look clearly. We’ve come out of the pandemic in a heightened state of fear. Many of us are…
We think the RBA will move by 25bpts today but perhaps more importantly, it will change some of the wording around future rate rises. There could be one…
Most of the mainstream media has been focused on China’s handling of the pandemic. I think that’s totally irrelevant because China is such a large and…
At the end of each year I like to sit back and think about the key themes that will dominate markets in the coming period. It’s so much about predicting…