By Kiron Sarkar
Australian new home sales declined by -5.3% to the lowest level on record in August, which itself saw a -5.6% drop from July. However, house prices rose by the most in 30 months in September – I’m getting that bubbly feeling, me thinks.
via Australian, Chinese and European data weaken further and further and…. | The Big Picture.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.