← Back to all posts

The Signals and Noise

Jan 23, 2026

Ending January 23, 2026

Steve's Thoughts

Signals & Noise Week Ending 23rd Jan 2026

THIS IS VERY IMPORTANT

Greenland sends markets into redland.
Iran not running yet.
Cuba is next.
DAVOS - "Globalisation has failed". “The Trump Administration and I are here to make a very clear point—globalization has failed the West and the United States of America. It’s a failed policy… and it has left America behind.” America is done exporting jobs and offshoring its future. We will no longer give in to globalization.
Microsoft and Apple continue to fall below the 200SMA.

The TMM Podcast

Spotify, Apple, YouTube

Leave a review to help us grow :)

Spotify

The Oz Economy

Consumer confidence falls. It appears consumers are zipping wallets but this may be just a post Xmas hangover.

Employment bounces. Positives signs for the economy but we need to see if it continues.

THE ASX

Unless there's a big move Friday afternoon, the ASX this week went nowhere.

Lesson of the Week

Markets don't work that way.

Get Premium to keep reading

Join Signals & Noise Premium for deeper guidance and practical tools to strengthen your investing decisions (and the occasional stock tip).

You’ll get live coaching calls each month, ETF and stock reviews, extended editions of this newsletter, priority Q&A, macro insights, sector scorecards, and access to our full library of mini-courses and past coaching sessions. We will make you a more savvy investor.

This post is for paying subscribers only

Already have an account? Log in

Cash pays 5.5%. What is your money doing?| Signals and Noise, August 14

Access Newsletter There is an iron law of investing. It is called opportunity cost. Right now, risk-free cash pays around 5.5% a year. That is the bar every other investment has to clear after risk. The S&P 500 dividend yield is now 1.03%, the lowest ever recorded. The ASX 300 sits at about 3%, well below cash. And the sudden wave of private credit offerings quoting 7.5% and 8% paid monthly?...

Preparation, not prediction | Signals and Noise, August 7

Access Newsletter This week's Signals & Noise is live. The theme: you do not need to predict the fire to survive it, you need insurance. We break down how to build a portfolio that is not fragile, ideally one that is robust or even anti-fragile, so a market fall holds no fear. It is the frame we are carrying into a genuinely uncertain stretch. Premium members also got the Cotality table show...

Is the property game finally over? Signals and Noise, July 31

Access Newsletter Most investors fail for two reasons. They base risk on their age instead of what markets actually cost today. And they get pulled into daily noise instead of thinking about how time compounds a portfolio. In this week's free edition: - This week's podcast, The Property Game Is Over: why two decades of leveraged one way bets on Australian housing look to be finished, free to...

The Signals & Noise Newsletter

Cut through the noise. Each week, Signals & Noise delivers clear, evidence-based insights to help you think critically about markets, cycles, and risk. Just the signals that matter, backed by data and experience. For free, get key market summaries, visual charts, macro signals, decision-making tools, and a contrarian perspective. Smart, independent thinking sent straight to your inbox in under five minutes a week.