Despite the strong prospects of an interest rate hike, the nation’s final auction clearance rate bounced last weekend.

International Reading: Survey: 43% of Americans Don’t Have Savings to Pay for a $1,000 Emergency – US News Employers announce most job cuts since 2009 as economy wobbles – USA Today Warren to call for reversal of Trump’s UAE chip sales after ‘Spy Sheikh’ revelations – CNBC Trump is giving the U.S.

Charts from TME.

The Victorian government has introduced a suite of tax increases and new levies that significantly raise holding costs for investors—primarily through lower land‑tax thresholds, expanded vacant‑residential‑land taxes, and new short‑stay levies.

The State of Queensland is running large operating deficits, averaging 3.2% of operating revenue between FY25–FY27.

DXY is back and showing no signs of fatigue.

The ferrous jaws are finally closing.

A blowout in US unemployment claims, a collapse in cryptocurrencies and more unease over the AI uber-bubble added to rise in volatility across risk markets overnight as Wall Street fell back again, taking other markets with it.

Australia’s 50% capital gains tax (CGT) discount for individuals (introduced in 1999) has come under renewed scrutiny, with a broad coalition calling for reform to ease the housing affordability crisis, bolster the federal budget, and improve intergenerational equity.

Not a good day for precious metals or crypto currencies as Asian share markets also remain in a dour mood after the poor showing on Wall Street overnight.

As noted many times, Australia enjoyed a few brief sane years of trade diversification when ScoMo stuck COVID up Beijing in 2020 and the nation responded by looking for other markets.

NDX is threatening to make a mess as recent range breaks down.

As the full scope of the decline of the Coalition continues to become apparent, elements of the Labor base are revelling in the ongoing political demolition of their longtime rivals.

The ferrous jaws are closing, though we still need a price nearer to $90 for iron ore for steel enterprises to make sense.

One of the worst fads of the energy transition has been the push from various state authorities to get households off gas and onto electricity.

Victorians have experienced acute Stockholm Syndrome with respect to the state Labor government.

DXY isn’t going away as Trump cancelled a Friday meeting with Tehran.

Another uneasy night on risk markets with concerns mounting over the Iranian situation as talks collapse while Wall Street took another tumble on tech stock volatility.