Insights
Quick reads on markets and policy
Written for practitioners and informed investors—free to read, dated and sourced. You’ll find short market and macro notes that explain moves and policy shifts without the noise; evergreen principles that clarify risk, ranges and behaviour; and concise explainers on the themes we’re asked about most. When doing nothing is the right call, we say so.
The Cash Rate's Round Trip, and the Vote Underneath It
Three cuts in 2025, three rises in 2026, and a cash rate back at 4.35 per cent. For portfolios, the level that returned matters less than what failed to return with it.