The InvestSense Podcast

Every defensive allocation starts from a price, and for most of the past decade that starting point was generous: bond yields had room to fall and credit spreads had room to compress. Today the position is reversed...

Three major central banks raised rates last week: the Fed to 4%, the ECB earlier in the week, and the Bank of Japan to 1.25% on Friday. In almost every case, markets are priced for at least one more increase this year...

Three central banks are hiking at the same time, oil touched $110, and a trillion dollars of AI capital expenditure is landing in bond markets alongside already large government deficits. All that said equity moves were...

There is a respectable case that this is noise, if painful noise. Much of the move in long yields has tracked oil almost tick for tick, and one analysis circulating this week put the rolling correlation between the two...

When we spoke with Andrew Hunt in late July, his advice was to stay at the party. Getting defensive, he said, would be like standing on a railway track in front of an oncoming locomotive: you might know the track is...

The domestic focus last week was Wednesday's July CPI, and it was not the one the Reserve Bank wanted. Headline inflation eased to 3.5% over the year on base effects, despite a roughly 6% monthly rise in fuel prices...

Australia's August reporting season is drawing to a close, and the more interesting story is not the earnings themselves but what they triggered. CSL guided to flat revenue and rose 20%. Private equity bids arrived for...

The ASX 300 fell 0.6% last week, but the index number disguised a sharp change in leadership Get access to the graphs: www.investsense.com.au/industry-articles/australian-reporting-season-rotation-beneath-a-flat-tape...

The RBA dominated the local week, holding the cash rate as universally expected but with a deliberate hawkish tilt. Get access to the graphs...

Australian small caps are usually treated as a satellite, added when markets feel buoyant and trimmed at the first sign of trouble. The S&P/ASX Small Ordinaries is not a miniature ASX 100 though, and it is not the banks...

With 88% of the S&P 500 now reported, second-quarter blended earnings growth stands at 50.4% — the strongest since Q2 2021 — on revenue growth of 15.0%, itself the best since late 2021. The headline flatters, though...

The last week of July was another round trip for markets with the NASDAQ and chip heavy emerging markets indices off 4–5% earlier in the week before making most of it back in the final sessions. Over the month the pain...

The job of multi-asset investors is to build portfolios where a concentrated, catalyst-driven strategy has the space and the time horizon, five to seven years, to do what it does, without being rolled out at the worst...

Rising GDP does not reliably translate into returns in emerging markets. The index is dominated by state-owned enterprises, political conglomerates and whichever theme is in vogue. Today that’s semiconductors, at more...

Australian employment and US earnings led the news last week. The story is a familiar one wearing new clothes: an energy shock testing disinflation progress just as markets question the AI capex boom's cash generation...