Private beta · Australia · 2026

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The Chairman's view this week
Week of 18 October 2026

Commodity and Growth Markets Diverge as Stagflation Signals Firm Up

The committee's independent reading of this week's data favours a stagflation regime over an indeterminate one, with the clearest evidence a widening split between commodity-linked and growth-linked markets rather than any single data point.

General information only. Not financial product advice.
Written by The Chairman

Every week the chrmn committee reviews the evidence, argues it out and puts a single view on the record. The market-wide part of that view is published here. The rest goes to members.

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