Far from a bubble?

Thursday 11 December 2025

Inverse HS?

Is SPX flirting with an inverse HS formation? A proper close above the 6900 area (futures) and things could get squeezy. If November was just a shake out of weak hands, and the trend channel remains the compass, then we have room to push this substantially higher.

Russell roaring

Russell breaking up big here. Upper part of the channel is way higher…

Break out?

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.