While I'm holed up keeping out of the public, thought I would post a couple of charts.
XJO and a Reserve Bank Interest Rate Chart from late 2005 to present.
The XJO chart, I added some yellow regression lines with the Covid low and GFC high and low outliers excluded. It gives a better indication of a longer term mean trend.
I'll leave it for others to dissect as my macro economic theory ain't anything to write home about. If anyone wants to comment on ammo and if we have any, please do. Did we really need to keep rates so low for so long. That to me indicates the economy was built on a bad foundation.
Good news is that a rotation to a new economy is under way. Note the XJO has peaked back last August. IMO the XJO makeup will be vastly different within a few years.
While I'm holed up keeping out of the public, thought I would...
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