We are approaching the buy-everything blowoff of the rally. The Market Ear. Getting there SPX and NASDAQ both approaching huge resistance area. At least a pause? Source: LSEG Workspace Source: LSEG Workspace That was quick Strongest comeback in 75 years… Source: DB The Russell revival Russell futures continue pushing higher post the break out. The
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The Australian Electoral Commission conducts a two-party-preferred vote in every seat, which is a count between Labor and the leading Liberal or Nationals candidate. In seats where the two-candidate-preferred vote is not Labor vs Coalition, they do the count later. With 35 seats now “non-classic”, the AEC needs to conduct those notional 2PP counts in more and more seats.
Victoria’s power grid is on heightened alert after an unexpected outage at the state’s second-largest coal-fired power station, which has elevated concerns that colder weather could strain the market and drive up wholesale electricity prices: EnergyAustralia, which owns the Yallourn power station in the Latrobe Valley, has confirmed one of the plant’s four units is
Hours after being deported from Israel, Greta Thunberg accused the country of kidnapping her and her fellow activists in international waters, adding that she had refused to sign a document stating that she had entered Israel illegally.
DXY is still sinking. But AUD did as well. Lead boots are struggling. Oil nutso on Middle East was rumours and the machine bid. Metals meh. Miners meh. EM breakout. Needs lower DXY to roll. Junk liked US inflation. So did yields. Stocks stopped. The FT has rumours. It was not clear what caused the
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A weaker than expected US inflation print overshadowed the not-a-deal US-China trade talk announcement from the Trump regime that looks almost exactly like a return to the early April settings. Wall Street couldn’t swing either of these events as positive with European shares also continuing their pullback as the USD fell back against most of
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Over recent years, Queensland has experienced a large inflow of residents from other states. Between Q1 2020 and Q3 2024, 168,500 residents from other states relocated to Queensland. Many of these residents came from Victoria, which lost 55,400 net residents over the same period. The surge in net interstate migration into Queensland and the loss
The Australian Bureau of Statistics (ABS) released data on Australia’s housing stock, which was valued at a record $11,366 billion as of Q1 2025, equating to $1,002,500 per dwelling. The following chart plots the value of Australia’s dwelling stock against the nation’s GDP and shows that the total stock was worth 4.14 times the size
Asian share markets are having a much more relaxed session across the region as speculation of a possibly positive outcome from the US-China trade talks builds although this might be goosed tonight as European and US share futures are slowly taking a dive. Currency markets are holding their own against recent USD strength as most
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Justin Fabo from Antipodean Macro posted the following chart, which shows the collapse in mortgage rates in New Zealand. “The weighted-average interest rate on outstanding mortgages in New Zealand declined another 9bps to 5.91% in April, taking the cumulative fall to nearly 50bps since the peak”, noted Fabo. “More is coming”. Falling mortgage rates have