David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The ...

In the last couple of weeks, the recovery in China’s primary property market has slowed. The secondary market slowed too, though not quite so much. David Llewellyn-Smith is Chief Strategist at ...

MB has a love-hate relationship with The Australian’s Judith Sloan. The hate is usually about gas. I’m sure I’m not the only one who thinks it’s passing strange – more than passing ...

This represents a 3.1 per cent swing against Labor since the last election result. I put it to you that the most alarming poll for the ALP is the following one. That looks like the electorate has ...

Did DeepSeek really “build OpenAI for $5M? There are actually two model families in discussion. The first family is DeepSeek-V3, a Mixture-of-Experts (MoE) large language model which, through a ...

I do not think that a 20% China tariff is fully priced. Neither does Goldman. We think recent market moves are instructive in three respects (Exhibit 1). First, EUR/USD moved closely with rate ...

CoreLogic’s daily dwelling values index shows that home values continue to decline across Sydney and Melbourne, down 0.3% and 0.5%, respectively, over the past 28 days. Data from CoreLogic also ...

The Westpac Card Tracker Index* has come off a volatile Christmas-New Year period, retracing 4.5pts over the last two weeks to 137.8. The latest Index read is now slightly below the Dec month ...

On a six-month annualised basis, CBA forecasts that trimmed mean inflation was 2.5%, i.e., the midpoint of the RBA’s 2-3% inflation target. CBA’s expectations for headline and trimmed mean ...

CTAs and systemics aggressively bought Australian dollars last week, undoing some of the recent bearish imbalance. BofA has more. With trend followers stretched long USD and only moderately long ...

On Thursday we pointed out the logic on why it was “Getting Late To Chase The Market”. SPX has reversed aggressively right in the top of the range. 100 day comes in around 5950 (futures), but ...

European markets were unable to make any gains across most of the continent as the Eurostoxx 50 Index lost nearly 0.6% to retrace below the 5200 point level, finishing at 5188 points. This was ...