The show goes on in financial Lala Land! It took less than a week for the “new” US Biden administration to announce an immediate 2 TRILLION dollar, “interim”, economic stimulus program. The numbers, globally, are just so large now they matter little to most. That is, until they do! The “when” of when it matters […]
After 12 years of “fixed”, for a financial system that blew up in 2008, 2020 certainly provided a nice back drop to make it even more “fixed”. Stimulus turned to recovery funding and no amount has been too large. For those closest to said stimulus 2020 has proved to be at minimum a minor hinderance […]
Post US election and Vaccine announcement euphoria seems to have morphed into range bound tranquillity for financial markets this week, as we all await the source of the next “stimulus”. The “peaceful” nature of financial markets right now is an amazing feat, given what’s actually happening and happened to the world economy this year, so […]
Welcome to a new week, the last of October 2020! Another week of markets treading water whilst awaiting the next “stimulus” fix, knowing that its coming down they pipe, for if it didn’t, well……let’s not worry about letting air out of MOAB. It feels fitting to have a US presidential election in late 2020, same […]
From a macro economic standpoint, it looks like we’re going to start this week like any other over the past, however many years, with all eyes on central bank noise and policies. The rhetoric will be the same, “whilst we don’t believe there is a bubble in any asset market, we’ll do every “accommodation” we can think of to make sure […]
If the US market closes Green tonight, the 31st of August, it’ll mark the best August performance for the US stock market (and, by default, global) since 1986!! It matters little that the entire “market” is being dragged along by 5 stocks and a not so passive group of “passive” ETF index hunters (more on this […]
Speaking of a developing stories, thankfully precious metals took a well-earned breather last week, after a hard run-up in recent times. As we noted two weeks ago, it was Gold producers that led the spot price down. This sure would have given the old “Bare Foot” type non-believers some relief and, perhaps, belief that it […]
It’s so hard to know where to start any economic commentary this “Covid”, world. Actually, this note was waiting for the gold price to take breather before it could be completed but now we’ll just have to finish it anyway. As you can see from the chart below, Gold in USD, has been suffering a […]
As the end of the Australian Financial Year looms ever closer, we wonder how important the final two trading days of FY 2019/20 are going to be. One might have gone into the weekend feeling positive, based on the Friday close for Aussie stock indexes (plus almost 2%), but for Friday night overseas action, minus […]
If you haven’t noticed in recent weeks, there is some “backlash” or social “force” forming from within many societies around the world, and for good reason. Over time, there have been many a thesis shared as to why all humans have to suffer in one way or another, so we’ll just say this: The new […]
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