‘A crypto thing called Omicron has soared more than 900% since Saturday because there is now also a Covid variant called omicron. That’s it. That’s the reason.
Global Market News, Updates and Analysis
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.
What’s the relationship between the ASX and global markets?
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.
What is The Rum Rebellion’s perspective on global markets?
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.
While the name ‘Rum Rebellion’ is generally well known to most semi-students of Australian history, the involvement of rum was only a peripheral issue.
Bonner’s law says that ‘when the money goes, everything goes’. The corollary tells us that things in the financial world especially get a little funky.
‘…there is a middle way, where half the pension is paid to everyone and the balance is income tested. Denmark has such a system.
Tomorrow, we’ll look at the proposed alternatives and whether we, as a nation, can afford a universal pension OR do you take personal responsibility to safeguard your financial position from the perfect storm?
Yes…COVID be damned…there is always opportunity in the share market depending on your time frame.
El Salvador is planning to build a Bitcoin city, funded by Bitcoin [BTC] bonds. Nayib Bukele, El Salvador’s president, announced the ambitious plan during a Bitcoin event last Saturday promoting bitcoin in El Salvador.
That ground is owned by the lobbyists rather than the traditional custodians of our democratic land, the regular citizen.
US crude finished April 20, 2020, at minus-$37 a barrel, blowing past the zero mark that few imagined would ever be crossed.