Expert Insights for Your Financial Journey

Consensus is now firming that interest rates will stay ‘higher for longer’. But when consensus forms in markets, it’s time to listen to your inner contrarian. The mantra of ‘higher for longer’ may be superseded by ‘lower and sooner’. What’s not priced in? As household savings dissipate and consumer demand falls, central banks could end up cutting more than expected in 2024…

Greg Canavan has been looking into the cost and implications of Australia’s energy transition to renewables from both an economic and political perspective. He’s interviewed a number of people who are sceptical of this transition — including Rob Parker of Nuclear for Climate Australia, and former Liberal Senator and founder of the Australian Conservative party, Cory Bernardi. In this video, Greg interviews Professor Ian Plimer.

Greg Canavan has been looking into the cost and implications of Australia’s energy transition to renewables from both an economic and political perspective.

In today’s Closing Bell video, I thought it would be a good idea to recap the set up in the S&P 500 and ASX 200 so you could see that the path of least resistance right now is down.

The shift to cleaner energy isn’t advocated on climate change grounds alone. Yes, the 2022 Intergovernmental Panel on Climate Change Sixth Assessment Report said ‘climate change is a threat to well-being and planetary health’. A threat that can be assuaged by phasing out fossil fuels. But the push for net zero emissions has economic backing, too.

The latest monthly CPI reading came in lower than expected, and the market reacted well. But is this warranted? And what’s the bond market telling us? Inflation is cooling, because households are retrenching. The US consumer is running down their savings and the amount Aussie households are putting into offset accounts is at multi-year lows.