Link to IWP's July Update (PDF) - https://tinyurl.com/254t7rtv

This month Chris and Andrew walked through the months market and economic events.

Along with our usual analysis, we touched on the following key points:

Market volatility has increased with elections in several countries:

o France

o November US election

o India

o Mexico

o South Africa

US core Inflation has slowed to 2.6% – increasing the chance of rate cuts this calendar year

Persistent Inflation pressures here in Australia – and a potential disconnect between government and monetary policy.

Should you prefer this in video form, please head to YouTube - https://youtu.be/i76UGbdGxNE

June 2024 Summary:

This month Shane and Chris walk through the months market and economic events:

1. Unexpected rise in Australian unemployment (4.10% versus expected 3.9%)
2. 2024 Federal Budget – was it a net positive or negative for inflation?
3. Interest rates – both here in Australia and in the US
   • Australia - Bullock stating that the RBA will target a gradual approach as they want to maintain strong jobs
   • US – Economy looks to be slowing – e.g. Jobs Openings data overnight

Link to youTube - https://www.youtube.com/watch?v=7fQse_tgRLA

Link to the Monthly Update Slide Deck - https://tinyurl.com/25mqj5zp

May 2024 Summary:

This month Cameron and Andrew walk through the economic and market events of May.

We continued to see more volatility markets, as the central banks around the world grapple with the direction of interest rates.

We also discussed the changing nature of the Australian economy over the last decade, and how population changes has shaped our various economic sectors.

As we have been saying for the last few months, ‘where to from here’ will be data dependent, and largely driven by interest rate expectations.

Link to youTube - https://www.youtube.com/watch?v=7fQse_tgRLA

Link to the Monthly Update Slide Deck - https://tinyurl.com/25mqj5zp