Yesterday
Markets say Israel-Iran is done. This could be the wildcard
Donald Trump’s call for Tehranians to evacuate backs investors’ view that their nation’s defeat looks almost certain. But the danger hasn’t completely passed.
This Month
Viktor Shvets’ big lesson for investors from the Israel-Iran conflict
The battle between the two Middle East nations shows we live in a world of rising volatility and risk. Shareholders keep ignoring both.
Why oil price is not what this $2trn manager is watching
An hour with a big fixed income manager is a discussion of the big issues. Expect volatility, he says – a bit of a tired line, although not an untrue one.
Markets are ‘lofty but not nutty’, says Oaktree’s Marks
Howard Marks says while Wall Street’s rebound is “troubling”, valuations do not suggest a bubble. Still, he’s telling clients to load up in fixed income.
This Wall Street billionaire is worried about 2 bubbles
As the US market’s rally seemingly runs out of steam, one of its most prominent voices, Jeffrey Gundlach, is concerned about surges reminiscent of the past.
GQG’s Jain warns US stocks have hit an ‘inflection point’
Stockpicker Rajiv Jain told the Morgan Stanley Conference that Wall Street’s valuations are too high in an environment where earnings are hard to predict.
As chaos reigns in the US, Porcelli warns of creaking labour market
Tom Porcelli built up a loyal following as RBC’s chief economist. He’s returned to Australia with a $US1.4 trillion manager and a bleak outlook for America.
How America’s debt ‘ticking time bomb’ could curb the RBA
Investors are demanding higher returns for government debt globally, at levels not see since the GFC. Strategists warn this could result in less aggressive rate cuts in Australia.
The ASX’s private credit funds are lending money – to themselves
The so-called manager loans include financing at a cheaper rate than other customers, with restrictions on its use being loosened over the years.
How LA’s riots worsen ‘the biggest risk’ facing Australian super funds
Donald Trump’s immigration policy could create a shock to the US economy that would heap more pressure on the weakening US dollar. Aussies are uniquely exposed.
Traders reel in bets on US interest rate cuts, bonds sold off
Yields lifted across maturities by as much as 10 basis points, led by shorter-dated tenors more sensitive to US Federal Reserve monetary policy changes.
Republican tax bill adds $3.7 trillion to US deficits, watchdog says
The CBO’s calculation reflects a $US3.67 trillion decrease in expected revenues and a $US1.25 trillion decline in spending over the decade through 2034.
Musk taps investors for $7.7b for AI startup after leaving Trump
The billionaire’s xAI is launching the share sale, as the world’s richest man returns to his business empire and the race to develop artificial intelligence.
6 ways to gain from your investment biases
Deep-seated biases can lead even the savviest investors astray. Here are some to tackle.
Dimon calls a crack in bonds. But does an even bigger bubble loom?
A flip to lower tariffs, taxes and interest rates could make investors shift back into stocks related to the artificial intelligence boom.
May
Jamie Dimon says crack in the US bond market is ‘going to happen’
“I just don’t know if it’s going to be a crisis in six months or six years,” the JPMorgan Chase chief executive officer said.
$A emerges as unlikely Trump turmoil safe haven
It isn’t just sentiment, with the Australian dollar’s share of global central bank currency reserves more than doubling, mostly over recent months.
Investors shrug at Victorian debt bomb in search for new safe haven
For all the talk about the age of market vigilantism and deteriorating public balance sheets, there’s no lack of interest in Australian state government bonds.
Inflation data no barrier to another RBA rate cut
Headline inflation remained within the central bank’s target band in April, bolstering market confidence for further easing
This ‘most hated’ rally just keeps running. But bulls ignore two risks
The bullish are back in control, and are largely ignoring Donald Trump. But they’ve pushed Wall Street to levels that leave zero room for error.