This Month
The great oil delusion: Energy shocks are just a shadow rate rise
From a macro perspective, the oil shock is another form of monetary tightening. This is why the recent repricing in interest rates may ultimately prove misguided.
Ignore the headlines and worry about which stocks to own instead
A lot has happened in just two months, but the next phase of the cycle will not be driven by the market going up or down but which part of the ASX to invest in.
The great rotation is under way and yet no one owns it
The question for investors is not whether they should own emerging markets, but rather how long can they afford not to.
Time for Australia’s super funds to rethink how they invest
Investing in a data centre should not be debated solely as “real estate” or “infrastructure”, but rather how it can improve the portfolio.
February
Which side of the AI trade are you on? Credit investors are undecided
In debt markets, our greatest fear is when the default risk of one borrower becomes highly correlated with another – this is the risk of the AI revolution.
Surging demand has helped Australia’s bond market finally come of age
A jump in issuance is great news for Australian investors and the federal government. But it has not always been this way.
Matcha inflation is a thing, and it’s getting in the RBA’s way
Gen Zs are back and represent a part of the economy that is not significantly affected by higher rates. So what does this mean for the RBA’s battle to get inflation under control?
Record gold, silver prices aren’t based on reality
With the Winter Olympics starting in Italy in a few days, the surge in precious metals has made those first and second-place medals even more lustrous.
January
Trump is attacking the Fed, yet markets are remarkably calm (for now)
“Don’t fight the Fed” has been one of the most reliable mantras in modern markets, until this year. That rule needs to be replaced or at least amended.
Stocks will keep climbing in 2026, but not enough to appease the bulls
We see another year of solid returns for the sharemarket – good enough to surprise the bears, but probably not good enough for the most bullish of investors.
December 2025
Time to rethink private markets as money flows back in
Big institutional investors are starting to re-assess their strategic asset allocations for 2026 after equities showed all the discipline of a late-night karaoke session.
The stocks the headlines skipped while the crowd focused on AI
Investors spent the year transfixed by news about AI-powered US mega-caps marching to fresh highs. But the real comeback story happened offstage.
November 2025
Here’s what 2026 holds for your super returns
We should be celebrating another spectacular year in financial markets, but it’s all taken place against the backdrop of stalling productivity.
The real reason why $1b of retirement savings is at risk
What makes the collapse of Shield and First Guardian especially troubling is that the warning signs were there to see, writes Morningstar’s Peter Bryant.
Time to reassess the Goldilocks scenario driving markets
The longer this environment lasts, and the more investors believe it is permanent, the more important it becomes to protect capital from systemic shocks.
Want to follow the money? Start looking outside the US
Policy uncertainty now embedded in the US means it can no longer be the only safe haven. It’s time for a new MAGA pledge, to Make Assets Global Again.
Why resource stocks are finally on track for a re-rating
The mining sector is one of the cheapest on the ASX. After years of depressed valuations, resources have moved from being a contrarian idea to a mainstream opportunity.
October 2025
No more interest rate cuts, say economists after inflation bump
Economists are warning that the interest rate cutting cycle may be over after inflation rose more than expected as businesses passed on higher costs to consumers.
Why patience could help you survive the AI bubble
What began as a technological breakthrough has morphed into a financial belief system – but has conviction replaced evidence?
