Westpac’s Post

Fantastic to see that Luci Ellis, Chief Economist of Westpac has put Doyne Farmer's #makingsenseofchaos on the Bank's reading recommendations for the 2024-5 summer break in Australia. Luci says: "I recently enjoyed reading this one. It’s important to be alert to developments adjacent to your own field. Farmer’s book is an accessible introduction to agent-based modelling, which has some promise for certain applications" #complexity #complexityeconomics #agentbasedmodelling

“In contrast to the pandemic and the various financial crises where foolish financial institutions were rescued by central bankers, this time just might be different. Those financial crises were short and sharp corrections and powerful rebounds. This time we fear it might be a “long and grinding road”, to paraphrase the Beatles.” Find out more on what Canso Investment Counsel Ltd. has to say in their latest Market Observer.

New Article Alert: Navigating the US Financial Markets - What to Expect This Week" I'm excited to share my latest article on Streetwise Economics, titled "Navigating the US Financial Markets - What to Expect This Week." Click on the link to get the full scoop on what's ahead in the markets. Read here : https://lnkd.in/g-kZhURk For more financial insights, visit my website at https://lnkd.in/gmnZZCCE. Also, don't miss out on my market commentary; subscribe to my YouTube channel here: https://rb.gy/m1kum3. Let's navigate the markets together! #Finance #Investing #MarketAnalysis #StreetwiseEconomics

Ever wonder what Equity Research Analysts actually do? Stephen Haggerty, former head of Equity Reseach at Bank of America, breaks it down for us. Full video here: https://lnkd.in/eNvfJSjt

Research Reports On The Markets The Missing Economic Slowdown | Apollo Academy https://lnkd.in/dBxXsiyk How Will Trump’s Election Change The Macro Outlook? | James Picerno, TCS https://lnkd.in/dPZawpsN A Bigger Government Means Giving Up Half of Your Paycheck | Cato https://lnkd.in/d4DE3ijb A Battle of Wallet vs. Will: A Sequel | Regions Bank https://lnkd.in/d2t--245 The Perils of Mixing Politics With Investment | TFC Financial Management https://lnkd.in/dNPqj3_s What You Need To Know For the Week Ahead | Deutsche Bank Group https://lnkd.in/d-vFBviF Everything You Need To Know For Election Week | Deutsche Bank Group https://lnkd.in/dMwu6WRM Employment: A Lot of Noise That Tells Us Very Little |, Regions Bank https://lnkd.in/dG3HQEWH

Did Julius Caesar's warning of the Ides of March ring true for investors, or did the market gods favour them? In a month named after Mars, the Roman god of war, the S&P 500 surged to new heights, marking several record highs after its February peak. Sasfin Wealth's Craig Pheiffer delves into this fascinating market movement and more in our latest economic and market review. #MarketAnalysis #WealthManagement #InvestmentInsights #sasfinwealth2024 https://lnkd.in/dW7-bQQn

In case you missed it: Sasfin Wealth's Craig Pheiffer unpacks the recent surge of the S&P 500 and more in our latest economic and market review. #MarketAnalysis #WealthManagement #InvestmentInsights #sasfinwealth2024

The Summer Olympics are in full swing but it was the US Federal Reserve and the Bank of England that were as synchronized as a couple of 10m platform divers this week. Investment Analyst, Tom Watts takes a closer look at interest rate cuts, serves up key insights from an eventful week and looks ahead to what the first week of August has in store👉https://ow.ly/q4Wk50SQ8Al #abrdnMarketroundup #FinanceUpdate #MarketTrends

Dave's Top Ten for the week of June 7th, 2024 This week’s top ten starts with Jim Thorne’s June commentary titled “Navigating Geopolitical Investments”. Jim touches on many areas and the attached report is very timely. David Rosenberg discusses the "intensifying" deflationary pressures mounting in the economy, and their impacts on Fed monetary policy, the treasuries market, and equities markets. An yes, we got our first rate in sometime. The latest (G&R) commentary is out profiling the constructive back drop for US natural gas. Summary of their commentary as follows. Bottom line, G&R’s message is that the North American natural gas market is at a critical juncture, with significant shifts that carry profound investment implications for the next twelve months. They outline the reasons for a bullish outlook on natural gas, drawing parallels to previous market behaviors and highlighting the unique factors at play today. Smarter Markets was with Tom L. Ward. Tom is CEO of Mach Natural Resources. David Greely sits down with Tom to discuss his work at Chesapeake in pioneering the US shale boom and oil and gas renaissance – and how his work laid the foundation for the future of energy Vaclav Smil, the reclusive polymath calls net zero “wishful thinking” and “an impossible task.” Plus, he points out a U. of Michigan study says lack of Cu makes electrification of transportation “essentially impossible.” As my mentor says: “ if virtue signaling battles physics in a boxing match, physics wins by a knockout every time.” To keep on the energy theme, Doomberg dropped by on the Energy Realities Podcast. Yet another issue coming up about commercial loans for banks as new regulations may be coming to North America. My real estate contact said this” “In short, the financial sector is moving to de-risk their CRE portfolio and carbon and regulation are quickly becoming the big items they’re trying to dimmish. Given the EU’s regulatory framework is further along than North America, this may pave the way for our banking sector. This article is important as it shows us how banks are looking at their commercial real estate loans, upcoming regulation (required building upgrades) and carbon pricing. Coupled with current interest rates and WFH, these issues could quickly decrease the value of their collateral (buildings). We could see the big banks in Canada make sweeping changes if regulation comes down the pipe. This seems to be where the puck is heading (eventually)!” Steve Saretsky looks at the housing shortage and provides some honest comments. I decided to share the ‘Restaurant Apocalypse ‘story in the US. It seems that so many people are stretched with their finances, and the last holdouts are the 40 and under crowd. Finally, the Fraser Institute looks at how journalism sector and whether government should intervene. Make your own conclusions and I welcome any comments. Have a great weekend. David

It will take several more months of data to gain confidence that inflation is behaving in a manner the Fed finds acceptable. We continue to believe the first Fed rate cut will occur in September at the earliest. #accounting #stocks #stockmarket #financialadvice #wallstreet #banking #economy #finance #economics #investments