Greens shoots for global equity markets despite Trump 2.0 and a slowing US economy

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Trump 2.0 remains the focal point as markets head into the second half of 2025. There is greater clarity around the implication of the US administration’s policies on markets, and

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30 Jul 2025

US inflation: of known and unknown unknowns (the ghost of Donald Rumsfeld) 

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The financial commentariat seem unsure on US inflation. I think that is understandable. For months now markets have braced for an acceleration of inflation as a consequence of President Trump’s

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18 Jul 2025

CPD: Climate – the $50 trillion investment opportunity

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For advisers and their clients, few themes rival the scale, urgency and long-term significance of climate change. Just as the rise of the internet revolutionised global markets over the past

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09 Jul 2025

RBA: leaning to a July cut but that productivity “wart”?

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The March quarter gross domestic product (GDP) release certainly confirmed that the Australian economy remains mired in the doldrums. GDP growth remains tepid, at best, at just 0.2 per cent

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06 Jun 2025

CPD: A new global order and implications for investors

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The new global order differs from its predecessor in four ways, as outlined in the following article from GSFM’s investment partner TD Epoch. For decades, the US has been unrivalled

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03 Jun 2025

RBA can act “decisively” to mitigate a deteriorating international environment and beware the bond vigilantes!

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As was largely anticipated, at the conclusion of this week’s Board meeting, the Reserve Bank of Australia (RBA) announced a cut in the policy rate by 25 basis points (bps),

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23 May 2025

RBA to cut by 25 bps. Retain optionality for the future (even if there are more cuts to come)

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The March quarter consumer price index (CPI) was a good enough result for a 25 basis point (bp) policy rate cut at the Reserve Bank of Australia (RBA) meeting on

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20 May 2025

The Fed stands firm; remains “patient”

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As was largely anticipated the Fed’s Federal Open Market Committee (FOMC) decided to leave the policy rate target unchanged at 4.25-4.50 per cent when it met overnight. In its statement

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09 May 2025

CPD: Trend following investments – patience is a virtue

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Trend following strategies have several properties desirable to investors, particularly during periods of market volatility. In this article from GSFM’s investment partner Man Group explains why patience is a virtue

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01 May 2025

RBA: opting out of the circular firing squad

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In my view the upending of the global trade system occasioned by the Trump Administration’s tariff agenda will more likely than not see a global recession by year-end. The backdown

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29 Apr 2025