Welcome to peak chaos
Bonds and copper are sending contradictory signals. When the noise gets this loud, fear does the pricing. Here’s why I’m testing the water in small-cap resources.
Did the Firmus IPO kill ASX small caps?
Did the Firmus IPO kill ASX small caps?
Firmus’ failed $44 billion IPO has rippled through ASX juniors. Meanwhile, commodity stocks and commodity prices are further apart than I’ve ever seen. Here’s why I’m thinking about going shopping.
Wall Street Timing It’s Crypto Play?
Wall Street Timing It’s Crypto Play?
The textbooks say Bitcoin should fall when bond yields rise. Between July and October, it climbed by almost half instead. Here’s why Bitcoin keeps two clocks.
Crypto’s US Debt Bizarro World
Crypto’s US Debt Bizarro World
America needs buyers for about US$2 trillion of new debt a year. Its old lenders are drifting away. The newcomer filling the gap is the last one you’d expect.
Chopper’s changed his tune
Chopper’s changed his tune
Small caps are trading at their biggest discount to the ASX’s largest companies since 2014. With bond giants turning buyers, I’m calling a surprise small-cap renaissance into Christmas.
Watch it Happen: US Market Rally to NYE
Watch it Happen: US Market Rally to NYE
Iran is lashing out in the Strait of Hormuz as oil flows return to near prewar levels. I think that could set up a rally few people expect.
Firmus IPO: Who’s the exit liquidity?
Firmus IPO: Who’s the exit liquidity?
Firmus is about to become the ASX’s second-largest float ever. Before you pile in, it’s worth asking a simple question. Who exactly is selling to you, and why now?
Red September, Green October?
Red September, Green October?
Every ASX sector finished the past month in the red. Lachlann Tierney explains why September lived up to its reputation, and the three sectors he’s watching for small-cap opportunities.
The Crash Playbook for Small-Caps
The Crash Playbook for Small-Caps
The RBA’s rate rise stung, but the market shrugged it off. But a crash is inevitable (as it always is). Lachlann Tierney lays out what he’s looking for to weather the storm.
The recession they made us have
The recession they made us have
America’s bond market is fretting about a recession after a growth boom. Australia skipped the boom and went straight to the slowdown, thanks largely to Canberra’s spending spree.
