The Beatings Will Continue
The RBA is tightening into inflation it openly admits it cannot fix. This week: why that matters, what Europe's energy rationing and Ukraine's strikes on Russian refining are telling us, and why we keep coming back to the Anti-Fragile Portfolio masterclass.
The Members Message
If you have not already, go back and watch this week's Anti-Fragile Portfolio masterclass. It reflects what we believe will be a better strategy for lowering risk over the coming decade, and it is the clearest version yet of how we think about the shift ahead.
Investors are going to have to find ways to deal with higher volatility. Some property investors will need to transition into other asset classes, and understanding market dynamics will be crucial to doing that well rather than in a panic.
World, in Brief
Europe is starting to hint at energy rationing, while the United States is pulling in the opposite direction on its own energy settings. Ukraine continues to destroy Russian production and refining capacity, and the reality is that this war will not be won outright by either side, but since Russia started it, Russia has effectively already lost.
Why the Iran-US stand-off is already showing up in rates and oil, what the AI regulation arm wrestle is really about, the budget deficit and RBA story the government would rather you not scrutinise too closely, and why super funds overweight private credit should be paying attention right now.
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Join the CommunityP.S. This week's Premium issue covers why risk is best understood as a property of the whole system, not a single number, and what that means for your superannuation. Members get it first.
This newsletter is for informational purposes only and does not constitute financial advice.
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