Blogotariat

As Trump waited an hour to speak to his Russian handlers overnight, news of more tariffs coming April plus some lackllustre results in tech stocks (while Tesla’s burn everywhere) sent Wall Street lower while European stocks continue to outperform. Meanwhile the USD slipped further against Euro and Pound Sterling while building against Yen in anticipation

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The Market Ear on the roaring bear. Hitting the head in the trend line SPX’s short term negative trend line remains intact for now. We need to break above this to have a clear technical signal. Source: Refinitiv No de-gross Hedge fund current peak to trough de-gross still not extreme compared to August and December

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Global energy analysts Doomberg published a stinging critique of Australia’s energy policy, entitled Power Blunder Down Under. “The country is hurtling toward a pronounced energy crisis, yet its political leaders seem deaf to the warnings and blind to its true causes”, Doomberg reported. “Having demonized traditional sources of energy, Australia is now all but certain

Former attorney-general George Brandis has rubbished Peter Dutton's proposal to hold a referendum in order to deport criminal dual nationals, labelling it "as mad an idea as I have heard in a long time".

Quinbrook Infrastructure Partners says it has closed financing for the largest solar plus battery storage project under construction in the United Kingdom.

Two more turbines damaged in recent days, with the hub and blades falling off a turbine in Canada and a blade disintegrating at a wind farm in Norway.

Neoen slashes turbine num

New group called Liberals Against Nuclear launches advertising campaign calling on the Coalition to ditch its nuclear policy before the election.

The US is considering recognizing Crimea as part of Russia and may urge the UN to do the same, American news website Semafor reported on Monday, citing two people familiar with the matter. 

Deutsche with the note. How much further can the selloff go?  Viewing the selloff through the lens of equity positioning, from the post-election peak in December near the top of its long-run historical band (0.77, 92nd percentile), positioning has been cut sharply, but only to modestly underweight levels (z score -0.36, 26th percentile). Discretionary positioning has fallen

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As we know, energy ministers have kicked a decision on whether or not to take up Victoria’s insane proposal to publically underwrite LNG imports until July. To give you some idea of how crazy this idea is, I have made the following chart which compares an average East Coast gas price with LNG imports according

The post Grattan Institute to destroy East Coast with LNG imports appeared first on MacroBusiness.

The greatest parliamentary liar of our times, Treasurer Jim “chicken” Chalmers, is lying again, this time about the Trump boogieman. Jim Chalmers will use new OECD and Treasury forecasts to amplify major risks to Australia’s economic recovery ahead of next week’s budget, with the Paris-based organisation warning that global inflation will stay higher for longer