US CPI is better but still “sticky” and December labour force data could be pivotal for the RBA

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US CPI: better but still “sticky”. The Fed policy rate: ditto. Where to for US bond yields? The robust December payrolls report was something of a death knell for a

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17 Jan 2025

The Fed: diluting the punchbowl?

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Former Federal Reserve Chair William McChesney Martin was the longest serving Federal Reserve (Fed) Chair, serving almost 19 years until January 1970. He is famous for his description of the

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20 Dec 2024

Australian GDP and the RBA: the February door is ajar

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In some sense the September quarter national accounts don’t reveal much that wasn’t already known. Private demand is weak, but apparent supply constraints (exemplified by ongoing languishing productivity) are a

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06 Dec 2024

Global dividends play an important role in portfolio income

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With the next move in interest rates likely to be downward, the importance of dividend income will be reinforced. And while Australian investors love their income producing blue chips –

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03 Dec 2024

GSFM fund manager partner, Payden & Rygel, awarded $700 million mandate

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A $34 billion Australian superannuation fund has awarded a $700 million mandate to GSFM fund manager partner Payden & Rygel. The mandate funded in Q4 2023 at $400 million, with

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26 Nov 2024

GSFM appoints key account manager in Queensland

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Fund manager GSFM has appointed David Cohen to the newly created role of key account manager (QLD), effective 18 November. He will be based in Brisbane and report to national

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19 Nov 2024

Any US tariff increases won’t delay RBA easing

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Trump, tariffs and the RBA There has been some commentary that a Trump 2.0 could delay any RBA easing because of its potential inflationary impact. I struggle with the notion

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11 Nov 2024

The US election, the US budget deficit, inflation, bond yields, the USD, the Fed, equities, gold and crypto – so much to think about!

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Beware the knee-jerk?? Bond yields have spiked higher on the prospect of a Trump victory in the US Presidential election and the US dollar (USD) has surged. Despite higher bond

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08 Nov 2024

Global SMID – a compelling growth story

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Investing in Australia’s small to mid-cap stocks has long been a compelling strategy for investors seeking capital growth over the longer term. While larger, well-established companies typically offer more stability,

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01 Nov 2024

Bank of Canada presses the accelerator on rate reductions… “to stick the landing”

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In a move that markets had certainly contemplated, the Bank of Canada cut its policy rate by 50 basis points (bps) overnight to take the policy rate to 3.75 per

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25 Oct 2024