Australian Shares

The big news of the day is a possible reversal of ALL of the Trump regime’s tariffs (except steel/aluminium) due to a court order, although it remains to be seen if Don Taco will actually abide by the legal decision.

The release of a set of “real” FOMC minutes sent Wall Street lower overnight as the Fed reiterated its fears about a US recession in the wake of the Trump regime’s tariffs, even with all the TACO drippings that seem to follow each new threat and bluster.

A couple of comments from the BOJ over the Japanese bond market and the ongoing trade war with the US didn’t upset most risk markets in Asia as they move in correlation with a resurgent Wall Street.

The Market Ear looks at the hated rally.

Wall Street returned with a bang after its long weekend break with a 2% plus surge across the board in response to the 180 degree spinning top EU Trump tariffs, which should give Asian equities a bounce on the open this morning.

Risk markets in Asia are doing a little better despite the lack of a lead from a closed Wall Street with the focus on positive Chinese industrial production numbers.

The Market Ear with more.

With Wall Street closed for the long weekend, most risk markets reacted positively to the 180 degree spinning top EU tariffs by the Trump regime, with European shares taking back their Friday night losses.

Risk markets in Asia were mixed to start with on the Trump regime EU tariff bomb from the weekend gap but then the inevitable 180 spin got stocks at least somewhat back on track while currency markets continue to selloff the USD, believing the facts behind the demented spin.

Risk markets in Asia are somewhat mixed in the last session of the trading week as they absorb the burgeoning bond troubles and the passing of the Trump regime’s tax bill in the House of Reps that looks to enshrine a permanent decline in the US fiscal position.

The Market Ear on a fear that has no modern precedent.

Risk markets were relatively sanguine overnight as the Trump regime’s new “Tax” Deal (aka blowing out the deficit forever) passed while the latest flash PMIs suggested a slight uptick in confidence in the US despite the tariff chaos in the last month.

Risk markets in Asia are mainly stepping back in response to the falls overnight on Wall Street but more so on the burgeoning bond troubles as the US fiscal position looks to go into permanent deficit decline with the imminent passing of the Trump regime’s “tax” aka wealth redistribution billr.

Its all about bonds overnight with the Japanese selloff extending to US sovereign debt as the latest Trump “Tax” Deal (aka blowing out the deficit forever) and a weak 20 year auction saw yields rise to new heights across the curve.

The Market Ear on the machines.

Although the macro newsflow was relatively light on overnight it was all about the bond and currency markets as the latest Canadian inflation numbers following yesterday’s cut by the RBA led to further introspection on the trajectory of the ECB, which has led to the USD being pushed back across the board.

Risk markets in Asia are somewhat mixed in reaction to the flat sessions on Wall Street overnight with the Friday night cut by ratings agency Moody on US debt still reveberating, particularly within bond markets.

When a market is rising with so few participants, BTFD gets very strong. The Market Ear.  Breaking Good US mega-cap tech has broken its 5-month downtrend. Let’s have a look at all things going for the super-sector (and some things that are not).

Uncertainty seems to be returning to risk markets if you look beyond the headline stock indices with the Moody rating cut still reverberating amid geopolitical concerns over Russia, Gaza and the impending hurt from the Trump tariffs.

Risk markets in Asia are reacting with some trepidation after the Friday night cut by ratings agency Moody on US debt, with all stocks in the red with US Treasury futures also falling.

Risk markets seem to have concluded that the Trump Tariff Tax Trade Tiff is nearly over, and everything will go back to being normal, even though almost all the macroeconomic indicators suggest otherwise as the US economy slows down as stagflation rears its ugly head.

More pain from The Market Ear.

Fast and furious RSI across equity indexes has gone from extremely oversold to now hitting very overbought levels.