{"id":9585,"date":"2024-05-13T20:00:03","date_gmt":"2024-05-13T20:00:03","guid":{"rendered":"https:\/\/economicherald.net\/?p=9585"},"modified":"2024-05-13T20:00:03","modified_gmt":"2024-05-13T20:00:03","slug":"free-whelan-the-critical-edition","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9585","title":{"rendered":"FREE WHELAN: The Critical Edition"},"content":{"rendered":"<p>In this Stockhead series, investment manager James Whelan, managing director\u00a0<a href=\"https:\/\/www.barclaypearce.com.au\/\" target=\"_blank\" rel=\"noopener\">Barclay Pearce Capital Asset Management<\/a>, offers his insights on the key investment themes and trends in domestic and global markets. From macro musings to the metaverse and everything in between, Whelan offers his distilled thoughts on the hot topic of the day, week, month or year, from the point of view of a professional money manager.<\/p>\n<p>\u00a0<\/p>\n<h2>Critical Budget\u2026<\/h2>\n<p>Ahhhh Budget Week, always memorable as it comes around my birthday. (And another happy 43rd to me!)<\/p>\n<p>Alas. I never get a birthday present from the Federal Treasurer.<\/p>\n<p>Lots of goodies to throw around the place, but almost always given to people who aren\u2019t me.<\/p>\n<p>However, keen Treasury beans do occasionally note a few dollars sent to a few interesting places and the one I\u2019m seeing is the boost for critical minerals mapping.<\/p>\n<p>\u00a0<\/p>\n<h2>Critical Minerals<\/h2>\n<p>$566m to find and map the locations of critical minerals, make them freely available to industry and use that to build on the target of net zero (critical minerals being integral to the production of renewable energy).<\/p>\n<p>\u201cThere is no nation on earth better placed than Australia to achieve our goal of moving toward a clean energy future.\u201d So said the Prime Minister Anthony Albanese in a Wednesday presser last week.<\/p>\n<p>\u201cThis investment highlights my Government\u2019s commitment to building a secure and sustainable future for all Australians. By investing significantly in geoscience, we can boost our progress towards net zero,\u201d Albo added.<\/p>\n<p>The funding will be channelled into delivering essential data, maps and tools for the resource industry in order to aid in the identification of new mineral deposits and energy sources.<\/p>\n<p>As we are connected to companies in the space and continue to support the sector, we will watch intently.<\/p>\n<p>\u00a0<\/p>\n<h2>Critical Podcast<\/h2>\n<p>Another sharp podcast recorded by Heath Moss and myself on Friday. But mainly Heath.<\/p>\n<p>We run through the market as it is and as it will be. Specifically the weaker US jobs numbers creating a solid floor under the market. Inflation data moves upwards for a few data points and then downwards again, taking the market along inversely as it does.<\/p>\n<p>We remain bullish.<\/p>\n<p><a href=\"https:\/\/shows.acast.com\/5ed1b0e5769354130c73bb32\/663d9ec21e442e0012151ae3\" target=\"_blank\" rel=\"noopener\">Link here to listen.<\/a><\/p>\n<h2>Critical US market valuations update<\/h2>\n\n<p>The forward 12-month P\/E ratio for the S&amp;P 500 is 20.4. Above the five-year average and the 10-year average.<br \/>\n\u00a0<\/p>\n<h2>RBA vs Treasury<\/h2>\n<p>Locally, Treasury feels that \u201cinflation is solved, get involved\u201d which have inflation forecasts back to a more appropriate level and is getting everyone excited about the chance of a pre-election rate cut.<\/p>\n<p><em>Screenshot via Whelan<\/em><\/p>\n<p>I hope he\u2019s right, but as we know<em><strong> hope is not a strategy.<\/strong><\/em><\/p>\n<p>\u00a0<\/p>\n<h2><em><strong>I hope<\/strong> <\/em>they\u2019re wrong in Germany<\/h2>\n<p>Via Micheal A Arouet<\/p>\n<p>What does appear to be a strategy is the German Greens who are fighting climate change by closing the nuclear power plants and then massively underreporting the methane emissions of the still-running coal mines.<\/p>\n<p>So.<\/p>\n<p>25% of Germany\u2019s power comes from coal now.<\/p>\n\n<p>\u00a0<\/p>\n<p>This simply cannot go on.<br \/>\n\u00a0<\/p>\n<h2>0 Days to Expiry is not an option<\/h2>\n<p>I\u2019ve mentioned 0 Days to Expiry options before, and they\u2019re getting outta hand.<\/p>\n\n<p>This theoretically makes the VIX less relevant due to the move of anyone trading options away from the things that make up the VIX.<br \/>\n\u00a0<\/p>\n<h2>Finally<\/h2>\n<p>Also, Apple launched the new iPad Pro.<\/p>\n<p>Yay.<\/p>\n<p>But the way in which they did it really reminds you of what sort of dystopian reality we\u2019re building for ourselves.<\/p>\n<p>Watch the ad posted by Tim Cook then make up your own mind:<\/p>\n<p>https:\/\/x.com\/tim_cook\/status\/1787864325258162239<\/p>\n<p>If you had the thought that \u201cwow it looks like Apple is taking pleasure in crushing the world\u2019s creative tools into a lifeless black object\u201d then congrats, you have a soul.<\/p>\n<p>Humans are amazing.<\/p>\n<p>Critical, we must never forget that.<\/p>\n\n<p>Stay safe and all the best,<\/p>\n<p>James<\/p>\n<p>\u00a0<\/p>\n<p><em>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<p><em>Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/experts\/free-whelan-the-critical-edition\/\">FREE WHELAN: The Critical Edition<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>In this Stockhead series, investment manager James Whelan, managing director\u00a0Barclay Pearce Capital Asset Management, offers his insights on the key investment themes and trends in <a href=\"https:\/\/economicherald.net\/?p=9585\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9586,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FREE WHELAN: The Critical Edition - 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=9585\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FREE WHELAN: The Critical Edition - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"In this Stockhead series, investment manager James Whelan, managing director\u00a0Barclay Pearce Capital Asset Management, offers his insights on the key investment themes and trends in [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=9585\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-13T20:00:03+00:00\" \/>\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=9585#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"FREE WHELAN: The Critical Edition\",\"datePublished\":\"2024-05-13T20:00:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585\"},\"wordCount\":706,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/GettyImages-110052284-bLETW5.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=9585\",\"name\":\"FREE WHELAN: The Critical Edition - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/GettyImages-110052284-bLETW5.jpeg\",\"datePublished\":\"2024-05-13T20:00:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=9585\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/GettyImages-110052284-bLETW5.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/GettyImages-110052284-bLETW5.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=9585#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FREE WHELAN: The Critical Edition\"}]},{\"@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: The Critical Edition - 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=9585","og_locale":"en_US","og_type":"article","og_title":"FREE WHELAN: The Critical Edition - Economic Herald","og_description":"In this Stockhead series, investment manager James Whelan, managing director\u00a0Barclay Pearce Capital Asset Management, offers his insights on the key investment themes and trends in [more...]","og_url":"https:\/\/economicherald.net\/?p=9585","og_site_name":"Economic Herald","article_published_time":"2024-05-13T20:00:03+00:00","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=9585#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=9585"},"author":{"name":"","@id":""},"headline":"FREE WHELAN: The Critical Edition","datePublished":"2024-05-13T20:00:03+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=9585"},"wordCount":706,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=9585#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/GettyImages-110052284-bLETW5.jpeg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=9585","url":"https:\/\/economicherald.net\/?p=9585","name":"FREE WHELAN: The Critical Edition - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=9585#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=9585#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/GettyImages-110052284-bLETW5.jpeg","datePublished":"2024-05-13T20:00:03+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=9585#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=9585"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=9585#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/GettyImages-110052284-bLETW5.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/05\/GettyImages-110052284-bLETW5.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=9585#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"FREE WHELAN: The Critical Edition"}]},{"@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\/9585","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=9585"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/9585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/9586"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}