Signal or noise? Three macro experts on what matters for your portfolio

The winds of change are upon us. The forces currently shaping Australian and global markets feel more whipsaw and shape-shifting than ever before and investors today must contend with a far broader set of variables.

As Livewire’s Chris Conway put it: "When I was coming up, admittedly many moons ago in markets, there was only three things that you needed to pay attention to have a handle on the macro, and that was inflation, interest rates, and growth. Now we have to worry about policy mistakes, housing, AI, deglobalisation and US exceptionalism, to name but a few."

So is it the same game with more moving parts, or is it genuinely more complex? That’s the question we put to our panellists at Livewire Live:

Diana Mousina, Deputy Chief Economist at AMP;

Damien Boey, portfolio strategist at Wilson Asset Management; and

Roy Keenan, co-head of Australian Fixed Income of Yarra Capital.

Please note this panel was filmed 22nd September, one week prior to the RBA's September board meeting announcement.

Timecodes:

00:00 - Introduction & Market Complexity Poll

01:05 - Is the RBA Risking Over-Tightening Rates?

03:04 - Inflation Persistence vs. Consumer Resilience

05:09 - What the Bond Market Signals for RBA Policy