The ASX doesn’t move in isolation. Frequently we see sell-offs in the US stock market lead to sell-offs on the ASX. We cover recent factors driving the performance of the ASX include things like Brexit, the Federal Reserve interest rates, and commodity prices. Here you can find our coverage of global markets, usually related back to the Australian stock market. We include snippets of world market news with analysis to paint the picture.
We also look at major movements in currency markets (forex) for clues about which way global markets are heading.
This includes the Aussie dollar in relation to major crosses such as the USD, the GBP, the JPY, and the CNY.
We discuss movements in bond markets as low interest rates force investors to search for yield.
Occasionally we will talk about emerging markets too, as trends here can tell us more about global growth.
So when we talk about global markets, whether that be the Chinese economy (which is increasingly debt laden), the US market or even the ailing Japanese and EU markets, we aim to cut through the typical narrative.
We are contrarian because investing with the herd often leads to poorer returns.
Sometimes action is sector specific.
For example, when the US tech sector gets pummelled Aussie tech stocks frequently also decline.
But broad-based moves, driven by trade war/deal developments, also sweep up ASX-listed stocks in their wake.
We present a variety of views on global markets at The Rum Rebellion.
Not all our editors think alike.
But what you can be certain of is that we are not an establishment media outlet.
We all agree that globalisation has left many investors empty handed — hoodwinked by low interest rates and technocratic manipulation.
To make our point, we use informative charts and profiles of major companies.
We aim to dig beneath the surface and go behind the headlines that you will find in mainstream financial news outlets.
By following our coverage here, you can understand major trends in global markets as well as any warning signs (or opportunities for profit) we spot along the way.
The Transurban Group [ASX:TCL] share price is halted today pending an equity raising. Transurban seeks to raise $4.2 billion to acquire the remaining 49% equity stake in WestConnex from the NSW government for $11.1 billion.
You raise money from friends and family. You ‘invest’ it in the highest-flying, fastest-moving tech companies on the market. If they go up, you become rich and famous. If they go down, well…it wasn’t your…
To participate, people had to have at least US$100,000 in investable assets. And, on average, these investors had saved around 16.6% of their annual income for retirement.
So far, going online and buying cryptos has proven to be about the best move you can make. The brand-name leader, bitcoin, rose 340% over the last year.
The government have announced a deal on nuclear submarines in concert with the US and the UK. It’s a good move and the start of what I hope is a nuclear industry here in Australia.
Retail sales, a key gauge of China’s consumption, rose just 2.5% in August from a year earlier, down sharply from July’s 8.5% year-over-year growth, according to data released Wednesday by China’s National Bureau of Statistics.
And the story, while reported as truth by the major media, might just as well be a total fantasy. It makes more sense as a fantasy. But then, so does most of the news.
But what if the price of bitcoin plunges overnight and the $100 of bitcoin the business accepted yesterday is only worth $50 today?
Bitcoin and cryptos have proved extremely valuable if you are into ransomware, running pump-and-dump schemes, or in the business of promoting UNstablecoins.
The result? Here too, freedom paid off. Different sects competed for hearts, minds, and souls…and generally flourished without resort to violence.