1. The great state of Australia…
Australian firms reported even stronger business conditions according to the September NAB business survey. And reported forward orders suggest domestic demand growth remained very solid in Q3. Meanwhile High Conviction Fund holding Seek saw job applications per job grow 10.3% from July to August, the greatest monthly increase in over 2 years. Giving us confidence they can keep pulling the price lever on job ads.
Source: ABS, Ai Group, Macrobond, NAB, Macquarie
2. Black Friday is coming…
We mean the traditional sales period following Thanksgiving. By the looks of the inventory levels across the US consumer sector, there should be some good discounts on offer!
Source: Bernstein
3. One and the same…
In case you hadn’t realised, we are back to Covid levels of correlation across asset classes.
Source: Bloomberg, EAP
Firetrail news
On Tuesday morning, the Firetrail team walked over to the ASX to ring the bell for the launch of our new Active ETF, S3GO:ASX. We are excited that the Firetrail S3 Global Opportunities Fund (Managed Fund) is now available to all investors via the ASX!