Aus macro

The unemployment data remains very strong, with ongoing falls across most measures.

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There is no “great resignation”, and fears of labour supply shifts are misplaced.

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The short run outlook for the economy remains strong.

We say short run, because very little that’s bad in an economy happens whilst the labour market has positive momentum. However, our nervousness on commodities, and on what higher mortgage rates will do to borrowers, represents a material medium term concern.

But fine for the next quarter, perhaps.

Important Information: This document has been prepared by Aequitas Investment Partners ABN 92 644 165 266 (“Aequitas”, “our”, “we”), a Corporate Authorised Representative (no. 1284389) of C2 Financial Services, (Australian Financial Services Licensee no. 502171), and is for distribution within Australia to wholesale clients and financial advisers only.

This document is based on information available at the time of publishing, information which we believe is correct and any opinions, conclusions or forecasts are reasonably held or made as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. To the extent permitted by law, neither Aequitas nor any of its affiliates accept liability to any person for loss or damage arising from the use of the information herein.

Please note that past performance is not a reliable indicator of future performance.

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