Russia/Ukraine, Fed Chair Powell to “proceed carefully”

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Clearly Russia/Ukraine tensions remain an intense focus for both central bankers and markets.  Markets have had to contend with wild swings in investor sentiment between euphoria (witness the turnaround in

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04 Mar 2022

RBA March board meeting: Nothing to see here

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The RBA meets tomorrow with no real prospect of any policy change. Recent communication suggests that the RBA would be ‘patient’ in withdrawing any policy stimulus. If anything, recent wage

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01 Mar 2022

WPI gives the RBA some breathing space

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The December quarter wage price index (WPI) was pretty much on Reserve Bank of Australia (RBA) and market expectations, with the private sector WPI coming in at 0.7 per cent

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25 Feb 2022

Reserve Bank of Australia (RBA) minutes suggest communication back on a more even keel – waiting for wages data but is the wait too long?

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Improved clarity of RBA communications After a period toward the latter part of 2021 when the RBA communication process seemed to descend into the realm of the confusing, the RBA

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18 Feb 2022

Smaller companies, bigger opportunities

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Australia’s smaller companies A company’s market capitalisation – the total number of its shares on issue multiplied by the latest share price – dictates which index (if any) a company

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03 Feb 2022

GSFM on RBA meeting: A little better communication but little action guaranteed

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In the wake of the release of the December quarter CPI, it was clear that the RBA had ‘a lot of wood to chop’. Despite growing evidence to the contrary,

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02 Feb 2022

Global and local market outlook positive but COVID-19 uncertainty remains

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The first half of 2022 will continue to be an uncertain time for markets as the full impact of the Omicron variant makes its mark on the Australian economy –

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27 Jan 2022

Global equities – reflation, duration and salvation

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Reflation In the last quarter of 2021, inflation was definitely the topic du jour; however, inflation is only one third of the reflation story. Reflation is important, because it will

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24 Jan 2022

Reserve Bank of Australia board meeting commentary

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The RBA Board meeting on Tuesday is unlikely to elicit much by way of policy announcements or even changes to the policy roadmap. That will come at the next meeting

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07 Dec 2021

Omicron more a ‘tactical’ than ‘strategic’ consideration

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Powell pivot sees “taper tantrum” or is it “rate rise reflux”? Omicron more a “tactical” than “strategic” consideration at this point. This year the big themes in markets when it

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03 Dec 2021