Australian Shares

The Market Ear on stocks and fear. Panic gone The extreme VIX vs SPX gap is gone. Chart shows SPX vs VIX (inverted).

With Wall Street closed for Thanksgiving there wasn’t much of a boost for risk markets across the trading complex, with most stock indices finishing where they started and currencies holding on to their recent gains against the USD.

Asian equity markets are generally up with the lack of a lead tonight as Wall Street will be closed for thanksgiving (thanking the AI bubble that is stuffing the stock market turkey that it is).

Many will argue that there is no AI bubble.

Again the lack of bad news and the Thanksgiving cheer gave Wall Street another boost which should translate into steady returns on Asian equity markets in today’s session.

A cracking CPI print has sent the Australian dollar soaring against USD while Asian equity markets have lifted strongly across the region.

Always follow the Fed. The Market Ear. Keep it simple… …follow the 10 year, but the US outlook is murkier than many think. Hatzius’ (GS) call for a Dec-10 rate cut lines up with softer alternative labor data showing the economy may be losing momentum.

Overnight solid earnings on tech stocks sent Wall Street higher even though NVIDIA is off somewhat with additional US economic data (or lack thereof due to the Trump regime hiding the bad news) reinforcing the notion that the December rate cut from the Fed is firming, giving a general boost to risk markets.

Asian equity markets are mixed in today’s session as Japanese markets return with all eyes on talks between China, Japan and USA in recent days but the newsflow and outcome has been vague at best.

Like all things El Trumpo, nothing lasts very long.

A big surge in tech stocks led Wall Street higher with more Fedspeak that the December rate cut is firming, giving a general boost to risk markets.

Asian equity markets are fairly buoyant today but Japanese markets are closed while the risk complex ponders the next stage of the Ruzzian/Ukrainian peace “talks” amid a shortened trading week due to US Thanksgiving.

The Market Ear with the update.

Wall Street rebounded again on Friday night on renewed hope that the December rate cut maybe in play all due to the comments of Fed NY Chair Williams.

Not quite a bath of blood on Asian equity markets today but it has been a pretty broad selloff in response to the volatility on Wall Street overnight.

The Market Ear explores. Not your normal market SPX futures so far today: high 6791, low 6588. Extreme volatility continues to shake this market. SPX is well below the trend channel, as well as trading below the 50 day (starting to slope negatively).

Oh what a night!

Action in Japanese bond markets dominate risk taking across Asia with stock markets having mixed sessions after Wall Street stabilised overnight, with Japanese shares launching higher.

The Market Ear.

Wall Street managed to escape a selloff overnight with the release of not so quite dovish FOMC minutes, but then the wobbles came through bond and currency markets as the Trump regime announced they weren’t releasing the October jobs print while the November print won’t be after the December Fed meeting.

Stocks across Asia had mixed sessions today with domestic pressures overriding the bigger macro picture with tensions between China and Japan still boiling over.

Wall Street continued to selloff overnight but the falls were greater across the Atlantic as European share markets lost around 2% each despite a much lower Euro.

The Market Ear leads us off.

Its been a very cautious start to the trading week with more selling but not quite dumping on Wall Street overnight with a parallel selloff in Bitcoin not helping.