The economy on Reddit
What the finance subreddits are saying about the economy: every macro topic with its own page, its mentions over 30 days, its daily line and its net sentiment.
Key points
- Inflation was the most-mentioned macro topic on Reddit in the 30 days to 10 Nov 2026: 6,540 mentions.
- S&P 500 (4,619) and Iran (4,599) came next.
- Nonfarm payrolls jumped to 67 mentions on 6 Nov.
- The 30 terms in the macro ledger drew 43,311 mentions between them.
Is the US yield curve inverted right now?
No. The 10-year yielded 4.86% and the 2-year 4.51% on 6 Nov 2026, so the 2s10s spread is +0.35 points: a normal, upward-sloping curve.
How are the main stock indices moving?
SPY, the fund that tracks the S&P 500, closed at US$753.02 on 9 Nov 2026, −3.3% over a month. 5 of 11 are higher than a month ago; EWZ (MSCI Brazil 25/50) moved most down, −25.0%, and EWG (MSCI Germany) most up, +4.9%.
Fund closes to 9 Nov 2026, in each fund's own currency. 1 month and 3 months compare with the close on or before the same day one and three months earlier.
No rows match that filter.
| Ticker | Tracks | Country | Price | 1 month | 3 months |
|---|---|---|---|---|---|
| SPYS&P 500 | S&P 500 | United States | 753.02USD | −3.3% | −2.6% |
| QQQNasdaq-100 | Nasdaq-100 | United States | 678.02USD | −9.8% | −6.2% |
| DIADow Jones Industrial Average | Dow Jones Industrial Average | United States | 523.30USD | +1.4% | −2.9% |
| IWMRussell 2000 | Russell 2000 | United States | 273.78USD | −2.7% | −8.1% |
| STWS&P/ASX 200 | S&P/ASX 200 | Australia | 80.48AUD | +3.2% | — |
| EWUMSCI United Kingdom | MSCI United Kingdom | United Kingdom | 48.33USD | +3.9% | −0.7% |
| EWGMSCI Germany | MSCI Germany | Germany | 43.00USD | +4.9% | −2.3% |
| EWJMSCI Japan | MSCI Japan | Japan | 91.47USD | −6.5% | −5.6% |
| EWYMSCI Korea 25/50 | MSCI Korea 25/50 | South Korea | 142.16USD | −19.7% | −14.1% |
| FXIFTSE China 50 | FTSE China 50 | China | 34.94USD | +3.7% | −2.9% |
| EWZMSCI Brazil 25/50 | MSCI Brazil 25/50 | Brazil | 32.67USD | −25.0% | −7.6% |
How is the Australian share market moving?
STW, the fund that tracks the S&P/ASX 200, closed at A$80.48 on 6 Nov 2026, +3.2% over a month. 4 of 5 are higher than a month ago; ISO (S&P/ASX Small Ordinaries) moved most down, −3.2%, and SFY (S&P/ASX 50) most up, +3.4%.
Fund closes to 6 Nov 2026, in each fund's own currency. 1 month and 3 months compare with the close on or before the same day one and three months earlier.
No rows match that filter.
| Ticker | Tracks | Price | 1 month | 3 months |
|---|---|---|---|---|
| ILCS&P/ASX 20 | S&P/ASX 20 | 35.28AUD | +1.8% | — |
| SFYS&P/ASX 50 | S&P/ASX 50 | 78.80AUD | +3.4% | — |
| STWS&P/ASX 200 | S&P/ASX 200 | 80.48AUD | +3.2% | — |
| VASS&P/ASX 300 | S&P/ASX 300 | 111.50AUD | +3.1% | — |
| ISOS&P/ASX Small Ordinaries | S&P/ASX Small Ordinaries | 4.78AUD | −3.2% | — |
How are the US stock indices moving?
SPY, the fund that tracks the S&P 500, closed at US$753.02 on 9 Nov 2026, −3.3% over a month. 3 of 7 are higher than a month ago; QQQ (Nasdaq-100) moved most down, −9.8%, and IJR (S&P SmallCap 600) most up, +3.0%.
Fund closes to 9 Nov 2026, in each fund's own currency. 1 month and 3 months compare with the close on or before the same day one and three months earlier.
No rows match that filter.
| Ticker | Tracks | Price | 1 month | 3 months |
|---|---|---|---|---|
| OEFS&P 100 | S&P 100 | 363.42USD | −6.6% | −4.6% |
| SPYS&P 500 | S&P 500 | 753.02USD | −3.3% | −2.6% |
| MDYS&P MidCap 400 | S&P MidCap 400 | 678.43USD | +1.3% | −4.3% |
| IJRS&P SmallCap 600 | S&P SmallCap 600 | 141.70USD | +3.0% | −4.9% |
| DIADow Jones Industrial Average | Dow Jones Industrial Average | 523.30USD | +1.4% | −2.9% |
| QQQNasdaq-100 | Nasdaq-100 | 678.02USD | −9.8% | −6.2% |
| IWMRussell 2000 | Russell 2000 | 273.78USD | −2.7% | −8.1% |
How do economies compare?
Pick an indicator: the map shades each economy with a reading, and the table under it gives the period and the next release.
Shaded where a reading is held; the darker, the higher.
| Economy | Latest | Change on the prior | Period | Next release |
|---|---|---|---|---|
| AustraliaMonthly CPI, ABS | 4.3% | +0.3 pt | Sep 2026 | 25 Nov 2026, 11:30 AEDT |
| United StatesCPI, BLS | 3.7% | +0.4 pt | Sep 2026 | 10 Nov 2026, 08:30 ET |
| United StatesCore CPI, BLS | 2.6% | +0.1 pt | Sep 2026 | 10 Nov 2026, 08:30 ET |
| United StatesPPI, BLS | 6.4% | +0.9 pt | Sep 2026 | 13 Nov 2026, 08:30 ET |
| AustraliaCash rate target, RBA | 4.85% | +0.25 pt | 3 Nov 2026 | 8 Dec 2026, 14:30 AEDT |
| United StatesFederal funds rate, Federal Reserve | 3.88% | +0.1 pt | Oct 2026 | 9 Dec 2026, 14:00 ET |
| AustraliaLabour Force, ABS | 4.7% | +0.1 pt | Sep 2026 | 19 Nov 2026, 11:30 AEDT |
| United StatesEmployment Situation, BLS | 4.1% | −0.1 pt | Oct 2026 | 4 Dec 2026, 08:30 ET |
| United States10-year Treasury, Federal Reserve H.15 | 4.86% | 0.0 pt | 6 Nov 2026 | |
| United StatesSPY, tracks the S&P 500 | −2.6% | 753.02 USD | 9 Nov 2026 | — |
| United KingdomEWU, tracks the MSCI United Kingdom | −0.7% | 48.33 USD | 9 Nov 2026 | — |
| GermanyEWG, tracks the MSCI Germany | −2.3% | 43.00 USD | 9 Nov 2026 | — |
| JapanEWJ, tracks the MSCI Japan | −5.6% | 91.47 USD | 9 Nov 2026 | — |
| South KoreaEWY, tracks the MSCI Korea 25/50 | −14.1% | 142.16 USD | 9 Nov 2026 | — |
| ChinaFXI, tracks the FTSE China 50 | −2.9% | 34.94 USD | 6 Nov 2026 | — |
| BrazilEWZ, tracks the MSCI Brazil 25/50 | −7.6% | 32.67 USD | 9 Nov 2026 | — |
| United StatesSPY, tracks the S&P 500 | −3.3% | 753.02 USD | 9 Nov 2026 | — |
| AustraliaSTW, tracks the S&P/ASX 200 | +3.2% | 80.48 AUD | 6 Nov 2026 | — |
| United KingdomEWU, tracks the MSCI United Kingdom | +3.9% | 48.33 USD | 9 Nov 2026 | — |
| GermanyEWG, tracks the MSCI Germany | +4.9% | 43.00 USD | 9 Nov 2026 | — |
| JapanEWJ, tracks the MSCI Japan | −6.5% | 91.47 USD | 9 Nov 2026 | — |
| South KoreaEWY, tracks the MSCI Korea 25/50 | −19.7% | 142.16 USD | 9 Nov 2026 | — |
| ChinaFXI, tracks the FTSE China 50 | +3.7% | 34.94 USD | 6 Nov 2026 | — |
| BrazilEWZ, tracks the MSCI Brazil 25/50 | −25.0% | 32.67 USD | 9 Nov 2026 | — |
What are Australians paying for fuel?
Unleaded averaged 236.8c a litre in Sydney and 238.2c in Brisbane on 31 Oct 2026, and about 205c in Perth on 10 Nov. Diesel cost 42c to 44c more than unleaded in Sydney and Brisbane.
Average pump prices from each state's own fuel price scheme; states publish on different days, so each row carries its date. Victoria's prices are not held yet.
| Region | Unleaded 91 | E10 | Diesel | Stations | Date |
|---|---|---|---|---|---|
| SydneyNSW, 31 Oct 2026 | 236.8c/L unleaded | 234.9c/L | 279.0c/L diesel | 745 | 31 Oct 2026 |
| Regional NSWNSW, 31 Oct 2026 | 243.3c/L unleaded | 238.7c/L | 282.9c/L diesel | 1,244 | 31 Oct 2026 |
| BrisbaneQLD, 31 Oct 2026 | 238.2c/L unleaded | 235.3c/L | 281.8c/L diesel | 530 | 31 Oct 2026 |
| Regional QLDQLD, 31 Oct 2026 | 244.1c/L unleaded | 236.6c/L | 283.0c/L diesel | 1,006 | 31 Oct 2026 |
| Perth, north of the riverWA, 10 Nov 2026 | 205.1c/L unleaded | — | 262.5c/L diesel | 178 | 10 Nov 2026 |
| Perth, south of the riverWA, 10 Nov 2026 | 205.0c/L unleaded | — | 260.1c/L diesel | 213 | 10 Nov 2026 |
What does electricity cost on the wholesale market?
South Australia had the highest average wholesale price on 9 Nov 2026, A$108.87 a megawatt hour; New South Wales had the highest over 30 days, A$117.16. South Australia went below zero in 101 of the day's 288 five-minute intervals, and on every one of the last 30 days.
Wholesale prices in the National Electricity Market on 9 Nov 2026, a megawatt hour, with the 30 days to that date. These are what generators are paid, not household bills; Western Australia and the Northern Territory sit outside the market.
| Region | Average | Low | High | Intervals below zero | 30-day average | Days below zero |
|---|---|---|---|---|---|---|
| New South WalesA$117.16 over 30 days | A$68.49 on 9 Nov | −A$10.50 | A$145.66 | 36 of 288 below zero | A$117.16 | 9 of 30 |
| QueenslandA$88.93 over 30 days | A$48.56 on 9 Nov | −A$11.08 | A$125.12 | 97 of 288 below zero | A$88.93 | 12 of 30 |
| South AustraliaA$45.69 over 30 days | A$108.87 on 9 Nov | −A$150.09 | A$3,290.00 | 101 of 288 below zero | A$45.69 | 30 of 30 |
| TasmaniaA$67.55 over 30 days | A$63.82 on 9 Nov | −A$46.07 | A$135.50 | 29 of 288 below zero | A$67.55 | 20 of 30 |
| VictoriaA$55.35 over 30 days | A$60.67 on 9 Nov | −A$44.35 | A$130.95 | 32 of 288 below zero | A$55.35 | 26 of 30 |
What is Reddit discussing about the economy?
As of 10 Nov 2026, the macro ledger on the Reddit board
Every macro topic with its own page, by Reddit mentions over the last 30 days: the 12 ledger terms that have one, plus core CPI, PCE, GDP and nonfarm payrolls, counted on their own pages.
No rows match that filter.
References
- Australian Bureau of StatisticsAustralian Bureau of Statistics (CC BY 4.0)
- Reserve Bank of AustraliaRBA 2026
- BLS via FREDFederal Reserve Economic Data, St. Louis Fed
- FREDFederal Reserve Economic Data (FRED), St. Louis Fed
- Finazonprior-day close, indicative (IEX-derived, not the official close)
- Cboe Australiaend-of-day, delayed
- NSW FuelCheckNSW Fair Trading (CC BY-SA) — this table is shared under the same licence
- Queensland GovernmentQueensland Government fuel price reporting (CC BY 4.0)
- FuelWatch WAFuelWatch (www.fuelwatch.wa.gov.au)
- AEMONEM aggregated price and demand data
- RedditReddit ingest across the tracked finance subreddits