{"id":697,"date":"2023-10-30T11:24:49","date_gmt":"2023-10-30T11:24:49","guid":{"rendered":"https:\/\/economicherald.net\/?p=697"},"modified":"2023-10-30T11:24:49","modified_gmt":"2023-10-30T11:24:49","slug":"free-whelan-a-beatle-consumer-spend-boj-week-also-albo-beijing-bikinis-barrons-curses-and-anticipation","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=697","title":{"rendered":"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation"},"content":{"rendered":"

In this Stockhead series, James Whelan Managing Director Barclay Pearce Capital Asset Management offers his insights on the key investment themes and trends across domestic and global markets. From macro musings to the metaverse and everything in between.<\/p>\n

This week I will be dropping in and out of IMARC (International Mining and Resources Conference) from the 31st October to the 2nd November in Sydney.<\/p>\n

If you\u2019d like to reach out and say g\u2019day and talk about core samples or copper grades, please do so\u2026<\/p>\n

I can\u2019t promise I\u2019ll be able to talk about them but I love<\/em> hearing stock stories and people\u2019s outlooks on various sectors.<\/p>\n\n

Saturday night event of a lifetime just passed. Seeing Sir Paul McCartney with my father at Allianz. Just an amazing experience. Something stuck with me though as he commented:<\/p>\n

\u201cThere\u2019s fans who come to all our concerts, and that\u2019s not cheap. We still haven\u2019t figured out how they\u2019re paying for it\u2026\u201d<\/p>\n

*laughter from the stadium crowd*<\/p>\n

There\u2019s me thinking about US Consumer data being up 0.7% in September vs 0.5% forecast.\n<\/p>\n

\u201cSTOP SPENDING MONEY\u201d <\/em><\/strong>says Area Man live from ex-Beatle rock concert.<\/em><\/p>\n

The US Consumer simply will not stop, doesn\u2019t know how to stop and yet every bullish consumer number that\u2019s come out has always been attached to \u201cbut it\u2019s expected to slow down soon\u201d in the media.<\/p>\n

When? WHEN? it\u2019s been a year of this. Maybe it needs to go on Barron\u2019s cover.<\/p>\n

Japan Reiteration<\/h2>\n

A happy BOJ week to all who celebrate! Remember that the Band of Japan have a two-day meeting Monday \u2013 Tuesday with the monetary policy decision appearing out of that. My pick is for a proper direction on abandoning Yield Curve Control.<\/p>\n

There\u2019s debate on this call, and there\u2019s debate on what happens following. As a standard, buying Japanese banks wouldn\u2019t be the worst idea. Higher yields = better for banks, all things being equal.<\/p>\n

I\u2019m happy to be more of a generalist and happy to back the index while being long Yen. This is a reiteration of the theme pointificated by Blackrock a few weeks ago that there is a massive pit of money sitting in Japanese savings accounts that has to go to work and will do it in the easiest way there is to beat persistent (but not super high) inflation \u2013 and that\u2019s plowing head long into Japanese equities.<\/p>\n

Yields will rise so money will go into Yen too so it\u2019s a perfect cacophony.<\/p>\n

If you\u2019d like to know more about this sort of idea please let me know.<\/p>\n

The Curse\u2026<\/h2>\n\n

The Barron\u2019s Cover Curse is a well known, very funny, yet partially true phenomenon in which Barron\u2019s Monthly will run a cover that is almost always calling the exact wrong direction in a moving market. (I.E. Europe rallies for a few months and they run a cover \u2013 \u201cEurope and why the smartest guys have to be there\u201d \u2013 and as sure as God wears sandals, there\u2019ll be a 15% correction in Europe by the time the week is through.)<\/p>\n

They\u2019ve just run this on bonds and it makes me think yields have a way to go higher.<\/p>\n

Still, if you have a set retirement objective then actually buying a government bond with a fixed date is a great way to go. If you were looking to trade them and pick the bottom in bond prices then thanks a bunch Barron\u2019s.<\/p>\n

Via FT<\/p>\n

That being said, inflows by the big end of town into bonds has been extraordinary.<\/p>\n

Despite what Sir McCartney says the economy is still seen as slowing and yields set to decline a little. Don\u2019t get in the way of a freight train of money.<\/p>\n

Theory of Thing Podcast:<\/a> with more of these types of ideas, so have a listen and let me know what you think.<\/p>\n

Also Albo<\/h2>\n

\u2026is on his way to China this week.<\/p>\n

First PM to do so since Turnbull in 2016.<\/p>\n

I wrote then about the emerging phenomenon of the \u201cBeijing Bikini\u201d and after 7 years I\u2019m happy to report it\u2019s still very much in use.<\/p>\n

I\u2019m not sure if your social credit score drops in China if you\u2019re caught doing this but it should.<\/p>\n

Please brace yourself for the photo\u2026<\/p>\n

Via Whelan\u00a0<\/em><\/p>\n

But seriously, look for further thawing of the China\/Oz relationship, especially in the wine trade.<\/p>\n

Until then all eyes on the BOJ!<\/p>\n

All the best and stay safe,<\/p>\n

James<\/p>\n

The views, information, or opinions expressed in the interview in this article are solely those of the writer and do not represent the views of Stockhead.<\/em><\/p>\n

Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article.<\/em><\/p>\n

<\/span><\/p>\n

The post FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

In this Stockhead series, James Whelan Managing Director Barclay Pearce Capital Asset Management offers his insights on the key investment themes and trends across domestic [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nFREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=697\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"In this Stockhead series, James Whelan Managing Director Barclay Pearce Capital Asset Management offers his insights on the key investment themes and trends across domestic [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=697\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T11:24:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-85138096-eAOPJg.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation\",\"datePublished\":\"2023-10-30T11:24:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697\"},\"wordCount\":847,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-85138096-eAOPJg.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=697#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=697\",\"name\":\"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-85138096-eAOPJg.jpeg\",\"datePublished\":\"2023-10-30T11:24:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=697\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-85138096-eAOPJg.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/GettyImages-85138096-eAOPJg.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=697#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=697","og_locale":"en_US","og_type":"article","og_title":"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation - Economic Herald","og_description":"In this Stockhead series, James Whelan Managing Director Barclay Pearce Capital Asset Management offers his insights on the key investment themes and trends across domestic [more...]","og_url":"https:\/\/economicherald.net\/?p=697","og_site_name":"Economic Herald","article_published_time":"2023-10-30T11:24:49+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-85138096-eAOPJg.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=697#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=697"},"author":{"name":"","@id":""},"headline":"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation","datePublished":"2023-10-30T11:24:49+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=697"},"wordCount":847,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=697#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-85138096-eAOPJg.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=697#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=697","url":"https:\/\/economicherald.net\/?p=697","name":"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=697#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=697#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-85138096-eAOPJg.jpeg","datePublished":"2023-10-30T11:24:49+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=697#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=697"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=697#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-85138096-eAOPJg.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/GettyImages-85138096-eAOPJg.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=697#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"FREE WHELAN: A Beatle, Consumer Spend, BoJ Week. Also Albo, Beijing Bikini\u2019s, Barron\u2019s Curses and Anticipation"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=697"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/698"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}