Today
RBA’s ‘dovish surprise’ depresses $A
The Australian dollar declined after the Reserve Bank of Australia unexpectedly doubled the size of its bond buying programme and extended forward interest rate guidance.
- 2 mins ago
- Sarah Turner
Retail army’s silver trade loses shine
The Reddit army is out of its depth in its attempts to squeeze short sellers out silver, say commodity analysts.
- 1 hr ago
- Jonathan Shapiro and Sarah Turner
Market myths abound after GameStop phenomenon
Contrary to popular belief, the GameStop frenzy did not strengthen the hands of the little investors. It added billions to the billionaires.
- Michael Hiltzik
- Opinion
- Wall Street
Why GameStop is the craziest bubble since the Dutch tulip mania
There’s no pot of gold at the end of the Reddit rainbow. The retail rebels’ only goal is destroying the short-seller good guys who discover where real market value lies.
- Sebastian Mallaby
Hong Kong hedge fund Karst Peak begins push Down Under
Tiger cub hedge fund Karst Peak Capital has made its first hire Down Under.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
- Opinion
- Passive investing
Few active funds outperform passive counterparts over time
When it comes to superannuation, long-term performance data is particularly important.
- Ben Smythe
- Opinion
- Financial planning
How to keep wealth in the family
Making a loan to your investment company means it generates the investment income but only pays tax at the company rate of 30 per cent.
- Michael Hutton
Yesterday
Westfield rally linked to Reddit implosion
A blistering short squeeze in shares of Unibail Rodamco Westfield has been linked to a wrong-footed bet by $US20 billion hedge fund D1 Capital, which found itself in the thick of the Reddit army’s assault on Wall Street.
- Jonathan Shapiro and Vesna Poljak
- Opinion
- Hedge funds
The retail trading revolution eats its children
The likes of Robinhood enabled the digital mob that now accuses the trading platform of standing in their way.
- Updated
- Jonathan Shapiro
Retail army fires silver miners higher
Listed silver miners soared on Monday as speculators piled through the eye of the needle on rising silver prices.
- Tom Richardson
Reddit turmoil a blow to stability hopes
The Reddit-inspired short squeeze roiling markets has damaged optimism just as investors were starting to hope they could start to draw a line under last year’s COVID-19 turmoil.
- Sarah Turner
Reddit army lifts silver stocks, ASX races 0.8pc higher
The S&P/ASX 200 Index powered 55 points higher to 6663 on Monday. Adriatic Metals was a star performer, rallying 20 per cent to $2.60.
- Vesna Poljak
US bankers prosper as Biden’s fist looms large
Finance bosses are enjoying record profits and look set to make yet more, but challenges to their hegemony are on the way.
- Lucy Burton
- Opinion
- Chanticleer
Airtasker IPO will test a ‘GameStopped’ ASX
The first big IPOs of the year are always a test for market sentiment. The proposed float of online jobs board Airtasker is no different.
- Updated
- James Thomson
- Opinion
- Fintech
I tried the Robinhood app (and now see why it’s so addictive)
I’m already thinking what my next buy should be and how much more money I should invest because it’s so easy.
- Josh Rivera
How Reddit user ‘Roaring Kitty’ turned his $US53,000 into $US48m
This former financial educator for an insurance firm in Massachusetts has now become a central figure in the GameStop sharemarket frenzy.
- Nathaniel Popper and Kellen Browning
Fundie’s bets on productivity pay off
James White, in pursuit of outsized returns beyond tech’s megacaps, obsesses over the forces that unify economies and businesses before backing winners such as Atlassian.
- Vesna Poljak
- Opinion
- Chanticleer
GameStop won’t stop more bubbles building
The GameStop drama has sent real waves through markets, but it won’t change macro settings designed to encourage risk. It’s not a single bubble investors should watch, but many little ones.
- James Thomson
- Opinion
- Sharemarket
Billionaire’s ‘epic bubble’ call may be wrong
People took notice when Jeremy Grantham declared that the long, long bull market since 2009 has finally matured into a ‘fully-fledged epic bubble’. But smart investors should always consider the counterfactual.
- James Weir
- Opinion
- Monetary policy
Central banks won’t give markets straight lines to follow
They are charting a new path to withdrawing stimulus and this will not be easy for markets to predict.
- Tamar Hamlyn
