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Weekend Reading | “Upgades, People. Upgrades”

22 Oct 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to our weekend reading, Perhaps gearing up for the ‘Santa rally’, markets have seen some semblance of strength this week -as all the crypto holders look up from their solid green P&Ls after Bitcoin’s all time high, laughing...

Weekend Reading | “Showing Up Stag”

15 Oct 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to Weekend Reading. Another week, another volatile period for markets. After a disappointing performance in September, equity markets seem to be doing their utmost to claw back some green percentage points these last two weeks, whilst domestic and...

Weekend Reading | “The Ceiling”

08 Oct 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to Weekend Reading. This week has seen serious conversations about debt ceilings, a potential Evergrande takeover, and a new Premier stepping in for NSW.Despite all the potentially market-rocking news that we have been inundated with, markets quietly shuffled...

Weekend Reading | “Quaking in Our Boots”

24 Sep 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to our weekend reading. Between earthquakes and riots, I hope everyone is looking forward to the Mad Max-style water wars we seem due for. If only Melbourne had some unoccupied tradespeople around to help patch things up. It’s...

Weekend Reading | “Fire At Will”

17 Sep 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our Weekend Reading. Another full week of news, another full week of tumultuous markets - at time of writing the Australian market is bearing the full brunt of a ~4.5% fall in iron ore prices. This week...

Weekend Reading | “Long Until You’re Not”

10 Sep 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to our weekend reading. Capital markets across the globe saw some interesting movements this week, with uranium moving up-and-right, equities giving a bit of a tremor to keep us on our toes, and Bitcoin dropping right off the...

Weekend Reading | “Historically Volatile”

03 Sep 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our Weekend Reading. There’s been no shortage of news this week, from Jackson Hole and the impact of Fed Chair Powell’s speech, GDP data, vaccination rates and crypto volatility – that last one is a tautology if...

Weekend Reading | “Will Keep Going Up (Unless It Goes Down)”

27 Aug 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading, It’s all going up, from delta cases to markets. You could argue both are driven largely by liquidity, albeit you’d get some funny looks for calling people sneezing as “liquidity”. There are many potential...

Weekend Reading | “Aggrevating Listlessness”

20 Aug 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to our weekend reading, Like many people during these trying times – though some would argue that since the last year and half has been “trying”, it’s just become “these times” – the days often seem to roll...

Weekend Reading | “The Bare Essentials”

13 Aug 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to our weekend reading. Reporting season is underway across a few different markets, and we already seeing the volatile reactions to mild earnings misses or announcements of off market share buybacks. There has been news that impacts the...

Weekend Reading | “Inside Looking Out”

06 Aug 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to our weekend reading. This week has been slightly more sedate on the ‘interesting news’ front, as we travel into reporting season perhaps markets and corporates are on their best behaviour. The biggest splash was created by Jack...

Weekend Reading | “Below Expectations”

30 Jul 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading, It’s been a week of economic releases, earnings expectations and watching the COVID numbers through the cracks in our fingers. The Biden Administration is surely pulling their hair out when a 6.5% annualised rate...

Weekend Reading | “Master the Disaster”

23 Jul 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading, The view out any office window in Sydney is quite grim at the moment, desolate streets where only the trams trundle along like particularly elongated wildebeests. With this thought in mind on Thursday, I...

Weekend Reading | “Déjà Vu”

16 Jul 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to Weekend Reading. Did you know that delta is the ratio that compares the change in price of an option, to that of a change in the underlying stock? So, if there are 29 people infectious in the...

Weekend Reading | “Is there anybody out there?”

09 Jul 2021 | By Max Pacella

READ TIME 5 mins READ MORE

For those of you in Sydney currently enduring “The Melbourne Experience” (which possibly would be paired well with the Jimi Hendrix Experience), we hope you are staying safe and vigilant. It has certainly been a week of ups and downs...

Weekend Reading | “Totally Not a Lockdown”

25 Jun 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to Weekend Reading. Dedicated friends and readers, please forgive the relative brevity of this edition.It turns out a “work from home order” being announced as we work through listing proceedings for one of our private equity holdings and...

Weekend Reading | “Return of the Hawks”

18 Jun 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to Weekend Reading.

Weekend Reading | “Brave New World”

11 Jun 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading, One thing that might strike you about the common parlance around Bitcoin is how avidly it uses different modes of transportation; “the Bitcoin train is leaving the station”, “Bitcoin is on a rocket to...

Weekend Reading | “Everyone’s Gone Mental”

04 Jun 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to Weekend Reading. You would be forgiven for thinking that some of the stories out this week are spoofs, parodies or hyperbole. Sadly not – it seems the market is occasionally intent on becoming a caricature of itself,...

Weekend Reading | “Feeling Green”

28 May 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to Weekend Reading. The market has taken a breather after throwing its toys out of the pram last week, with volatility significantly subdued and most global markets slowly drifting up. Given that I just said it’s been a...

Weekend Reading | “Mysterious Dealings”

21 May 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to Weekend Reading. A shorter note this week, because who ever said that Friday’s are less busy must have a sick sense of humour. Volatility has continued throughout this week, the VIX is getting a workout after a...

Weekend Reading | “Volatile Materials”

14 May 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to Weekend Reading. “Volatility” has been the word of the week, with markets indiscriminately crashing like a learner driver borrowing their dad’s Porsche. This has been hand-in-hand with ongoing Fedspeak around inflation, with the market seemingly unconvinced by...

Weekend Reading | “Breaking Apart”

07 May 2021 | By Max Pacella

READ TIME 4 mins READ MORE

Welcome back to Weekend Reading. Some market darlings have shown signs of breaking apart over the last few days, from the news of the Gates’ divorce, to Coinbase’s stock price, to Sydney’s formerly COVID-free lifestyle. Whether or not this represents...

Weekend Reading | “All The Money”

30 Apr 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading, We are in the midst of a largely positive U.S reporting season, with over 30 of the largest companies reporting this week alone (not counting this evening’s results). More on that later. There may...

Weekend Reading | “Cutting and Collapsing”

23 Apr 2021 | By Max Pacella

READ TIME 6 mins READ MORE

Welcome back to our weekend reading. A lot of commentary throughout the market that we’re seeing “signs of a collapse”.What’s probably most interesting is what we’re not seeing commentary on; very few articles on NFTs lately, there are relatively few...

Weekend Reading | “Just Keep Throwing Money At It”

16 Apr 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading,We might as well have called this one, “So how about that Coinbase, eh?” A veritable landslide of headlines from around the markets, with the major trends of the week being ongoing economic stimulus and...

Weekend Reading | “Boom from Bust”

09 Apr 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading. A short week after the Easter Long Weekend, though no less filled with interesting stories. We’ve seen news coming out of global investment banks regarding Archegos, speculation and declarations about Bitcoin, Chinese bank loan...

Weekend Reading | “Running of the Bulls”

26 Mar 2021 | By Max Pacella

READ TIME 6 mins READ MORE

Welcome back to our weekend reading,Some distinctly bullish news out this week, primarily focussed on continued U.S stimulus and cryptocurrency news sparking further rallies in everyone’s favourite form of monopoly money. Despite this, there are some points to cover off,...

Weekend Reading | “Schoolyard Antics”

19 Mar 2021 | By Max Pacella

READ TIME 6 mins READ MORE

Welcome back to our weekend reading, This week saw world-moving economic announcements and global dissonance around vaccines, which were treated in equal weighting by the news cycle to two world leaders slinging playground insults and Elon Musk delivering the best...

Weekend Reading | “What Goes Up”

12 Mar 2021 | By Max Pacella

READ TIME 6 mins READ MORE

Welcome back to our weekend reading.There are no middling stories anymore – either everything is going up, or else everything must come down. This week was a litany of rallies, collapses, new records and slumping potential. Like a frustrated parent...

Weekend Reading | “A Series of Blow-Ups”

05 Mar 2021 | By Max Pacella

READ TIME 5 mins READ MORE

Welcome back to our weekend reading.A quieter week this week, littered with a lot of interesting stories that unfortunately mean we’ll need to harp on about Elon Musk and crypto again – don’t worry, I promise to make enough snarky...

Weekend Reading | “The Roaring Tens”

26 Feb 2021 | By Max Pacella

READ TIME 7 mins READ MORE

Welcome back to the Weekend Reading It’s been a turbulent week, as I write this our market is redder than an English backpacker after a day in the sun and news of rising 10Y bond yields have created some particularly...

Weekend Reading | “The Comeback”

19 Feb 2021 | By Max Pacella

READ TIME 9 mins READ MORE

Welcome back to our weekend reading. This week has been a story of ‘coming back’, for better or for worse. As LL Cool J said in 1990, “don’t call it a comeback, I been here for years, rocking my peers...

Weekend Reading | “Here We Go Again”

12 Feb 2021 | By Max Pacella

READ TIME 6 mins READ MORE

Welcome back to our weekend reading.Happy Lunar New Year to you all, may the Year of the Ox bring fortune, health and a continuing bull market if you’re long equities (an ox is a bit like a bull, right?)We first...

Weekend Reading | “The Big Squeeze”

05 Feb 2021 | By Max Pacella

READ TIME 7 mins READ MORE

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