Pacific Perspectives
Three charts reveal how MinRes’ Ellison is feeling the market’s wrath
Mineral Resources’ beleaguered founder and managing director Chris Ellison has been battling spot fires on all fronts and is now feeling the wrath of financial markets. This week, the miner became Australia’s most shorted stock…
Stocks tumble, deepening February’s decline, as Trump affirms tariffs coming and Nvidia dives 8%
The S&P 500 fell during a volatile session, after President Donald Trump’s declaration that tariffs on Canada and Mexico would proceed as planned, as well as a negative reversal in bellwether stock Nvidia following earnings. The S&P 500 closed…
The Federal Reserve’s favorite recession indicator is flashing a danger sign again
An ominous measure that the Federal Reserve considers a near surefire recession signal again has reared its head in the bond market. The 10-year Treasury yield passed below that of the 3-month note in trading…
Super switching a handbrake for private asset domination
The ability of superannuation fund members to switch strategies with a day’s notice means that the growth of private capital cannot outpace the larger public markets without creating a problematic liquidity mismatch. Liquidity refers to…
War stocks rocket as markets prepare for ‘defence supercycle’
Australian investors are jumping on board the blistering rally in global war stocks, betting that a supercycle in defence spending could usher in a new era of market leadership that replaces Wall Street’s technology behemoths.…
Investors take profits on two of last year’s hottest trades
They were two of the hottest trades of 2024 that were tipped to soar under a Donald Trump presidency. That optimism pushed bitcoin beyond $US100,000, and gold prices towards the historic $US3000 an ounce as…
S&P 500 ekes out gain on Wednesday, ending four-day run of losses: Live updates
The S&P 500 eked out a gain on Wednesday, snapping a four-day run of losses. The broad market index advanced 0.01% to close at 5,956.06. The Dow Jones Industrial Average dropped 188.04 points, or 0.43%, to end at 43,433.12.…
Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
Eli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly list price to reach more patients without insurance coverage for the blockbuster…
What we learnt: Telstra’s mobile dominance is making investors say OMG
Telstra gets its balancing act right, Wesfarmers deregulates itself, Transurban goes for growth and Fortescue struggles to get its shiny new project up and running. The big result | There’s a little bit of Commonwealth Bank…
Why alarm bells are ringing for the sharemarket
The relentless rise in equities to record highs this year from the US to Australia has triggered some technical indicators that suggest markets may be on the cusp of a major correction, brokers warn. Volatility…