
<article class='wire'
  data-id='63599'
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  data-wire-path='/wires/the-consumer-thrives-and-so-do-the-stocks'
  data-wire-title='The consumer thrives, and so do the stocks'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[&quot;equity-valuations&quot;]'>

  <header>
    

    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Equities&quot;,&quot;slug&quot;:&quot;equities&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2025-09-04T09:51:52.381+10:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
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</h5>


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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/the-consumer-thrives-and-so-do-the-stocks">The consumer thrives, and so do the stocks</a>
  </h2>
</div>


    <div class="wire-avatar-byline-wrapper">

    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
      class="wire-author"
      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
      data-statisticable-event="click"
      data-statisticable-type="wire"
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      data-statisticable-id="63599">
      David Berthon-Jones
    </a>

    <div class="wire-organisation">Aequitas Investment Partners</div> 
  </div>
</div>

  </header>

  <div class='wire-body-row'>
    <section class='wire-body'>
     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:63599,&quot;summary&quot;:&quot;No end in sight to the multiple expansion for the discretionary names in the retail space.&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/the-consumer-thrives-and-so-do-the-stocks&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='59990'
  data-statisticable='wire'
  data-event-type='view'
  data-event='summarized_longform_wire_view'
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  data-wire-path='/wires/retailers-feeling-the-heat-or-lack-of-it'
  data-wire-title='Retailers feeling the heat (or lack of it!)'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[]'>

  <header>
    

    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Macro&quot;,&quot;slug&quot;:&quot;macro&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2024-06-21T09:32:12.365+10:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
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</h5>


    <div class="wire-title-container">
  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/retailers-feeling-the-heat-or-lack-of-it">Retailers feeling the heat (or lack of it!)</a>
  </h2>
</div>


    <div class="wire-avatar-byline-wrapper">

    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
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      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
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      data-statisticable-type="wire"
      data-statisticable-event-type="wire_profile_link_click"
      data-statisticable-id="59990">
      David Berthon-Jones
    </a>

    <div class="wire-organisation">Aequitas Investment Partners</div> 
  </div>
</div>

  </header>

  <div class='wire-body-row'>
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     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:59990,&quot;summary&quot;:&quot;The RBA retains a mildly hawkish bias, which looks increasingly offsides to the domestic economy, which continues to weaken. We position accordingly.&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/retailers-feeling-the-heat-or-lack-of-it&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='59837'
  data-statisticable='wire'
  data-event-type='view'
  data-event='summarized_longform_wire_view'
  data-shielded='false'
  data-wire-path='/wires/how-to-position-for-a-lukewarm-australian-economy'
  data-wire-title='How to position for a lukewarm Australian economy'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[]'>

  <header>
    

    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Macro&quot;,&quot;slug&quot;:&quot;macro&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2024-06-05T12:37:10.022+10:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
  </span>
</h5>


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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/how-to-position-for-a-lukewarm-australian-economy">How to position for a lukewarm Australian economy</a>
  </h2>
</div>


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    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
      class="wire-author"
      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
      data-statisticable-event="click"
      data-statisticable-type="wire"
      data-statisticable-event-type="wire_profile_link_click"
      data-statisticable-id="59837">
      David Berthon-Jones
    </a>

    <div class="wire-organisation">Aequitas Investment Partners</div> 
  </div>
</div>

  </header>

  <div class='wire-body-row'>
    <section class='wire-body'>
     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:59837,&quot;summary&quot;:&quot;The positioning implications are, we think, relatively straightforward. But first, to the numbers.&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/how-to-position-for-a-lukewarm-australian-economy&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='58936'
  data-statisticable='wire'
  data-event-type='view'
  data-event='summarized_longform_wire_view'
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  data-wire-path='/wires/why-is-the-price-of-iron-ore-falling'
  data-wire-title='Why is the price of iron ore falling?'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[&quot;australian-commodities&quot;]'>

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    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Macro&quot;,&quot;slug&quot;:&quot;macro&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

  <span class="wire__date secondary">
    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2024-03-12T09:29:27.983+11:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
  </span>
</h5>


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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/why-is-the-price-of-iron-ore-falling">Why is the price of iron ore falling?</a>
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</div>


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    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
      class="wire-author"
      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
      data-statisticable-event="click"
      data-statisticable-type="wire"
      data-statisticable-event-type="wire_profile_link_click"
      data-statisticable-id="58936">
      David Berthon-Jones
    </a>

    <div class="wire-organisation">Aequitas Investment Partners</div> 
  </div>
</div>

  </header>

  <div class='wire-body-row'>
    <section class='wire-body'>
     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:58936,&quot;summary&quot;:&quot;Because China is charting a different path.&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/why-is-the-price-of-iron-ore-falling&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='56177'
  data-statisticable='wire'
  data-event-type='view'
  data-event='summarized_longform_wire_view'
  data-shielded='false'
  data-wire-path='/wires/ozempic-comes-for-the-erp'
  data-wire-title='Ozempic comes for the ERP'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[&quot;equity&quot;]'>

  <header>
    

    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Macro&quot;,&quot;slug&quot;:&quot;macro&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2023-07-12T13:41:44.384+10:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
  </span>
</h5>


    <div class="wire-title-container">
  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/ozempic-comes-for-the-erp">Ozempic comes for the ERP</a>
  </h2>
</div>


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    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
      class="wire-author"
      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
      data-statisticable-event="click"
      data-statisticable-type="wire"
      data-statisticable-event-type="wire_profile_link_click"
      data-statisticable-id="56177">
      David Berthon-Jones
    </a>

    <div class="wire-organisation">Aequitas Investment Partners</div> 
  </div>
</div>

  </header>

  <div class='wire-body-row'>
    <section class='wire-body'>
     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:56177,&quot;summary&quot;:&quot;Risk premia are getting thin, again.&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/ozempic-comes-for-the-erp&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='55571'
  data-statisticable='wire'
  data-event-type='view'
  data-event='summarized_longform_wire_view'
  data-shielded='false'
  data-wire-path='/wires/getting-tired-of-goldilocks'
  data-wire-title='Getting tired of Goldilocks'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[&quot;global-macro&quot;]'>

  <header>
    

    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Asset Allocation&quot;,&quot;slug&quot;:&quot;asset-allocation&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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</h5>


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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/getting-tired-of-goldilocks">Getting tired of Goldilocks</a>
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    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
      class="wire-author"
      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
      data-statisticable-event="click"
      data-statisticable-type="wire"
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      David Berthon-Jones
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    <div class="wire-organisation">Aequitas Investment Partners</div> 
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     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:55571,&quot;summary&quot;:&quot;What does Goldilocks look like, exactly, anyway.&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/getting-tired-of-goldilocks&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='54744'
  data-statisticable='wire'
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  data-event='summarized_longform_wire_view'
  data-shielded='false'
  data-wire-path='/wires/the-rba-is-between-a-rock-and-a-hard-place'
  data-wire-title='The RBA is between a rock and a hard place'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[&quot;australian-equities&quot;, &quot;international-equities&quot;, &quot;quality-companies&quot;]'>

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    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Macro&quot;,&quot;slug&quot;:&quot;macro&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2023-03-03T12:11:31.003+11:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
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</h5>


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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/the-rba-is-between-a-rock-and-a-hard-place">The RBA is between a rock and a hard place</a>
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    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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      class="wire-author"
      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
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      data-statisticable-id="54744">
      David Berthon-Jones
    </a>

    <div class="wire-organisation">Aequitas Investment Partners</div> 
  </div>
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  </header>

  <div class='wire-body-row'>
    <section class='wire-body'>
     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:54744,&quot;summary&quot;:&quot;Relative to history, current levels would be considered strong. But the cycle is what matters, and loans have overshot to the downside. &quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/the-rba-is-between-a-rock-and-a-hard-place&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
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  data-shielded='false'
  data-wire-path='/wires/what-to-make-of-the-current-cycle'
  data-wire-title='What to make of the current cycle'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[]'>

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    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Macro&quot;,&quot;slug&quot;:&quot;macro&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2022-12-07T13:11:06.863+11:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
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</h5>


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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/what-to-make-of-the-current-cycle">What to make of the current cycle</a>
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</div>


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    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
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      David Berthon-Jones
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    <div class="wire-organisation">Aequitas Investment Partners</div> 
  </div>
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  <div class='wire-body-row'>
    <section class='wire-body'>
     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:53959,&quot;summary&quot;:&quot;  Historical analogues are unfortunately even less useful than usual As always, the problem with these types of \&quot;market-performance-during-tightening cycle\&quot; analyses is that all else is not remotely equal in each period/example. Valuations differ, starting points matter, central bank reaction functions can vary (regimes change) such that there&#39;s plenty to...&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/what-to-make-of-the-current-cycle&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='53188'
  data-statisticable='wire'
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  data-shielded='false'
  data-wire-path='/wires/this-asx-sector-is-getting-a-43-long-term-earnings-upgrade'
  data-wire-title='This ASX sector is getting a 43% long-term earnings upgrade'
  data-contributor-profile-path='/contributors/morning-wrap'
  data-contributor-id='126219'
  data-wire-keywords='[&quot;asx-200&quot;, &quot;charts-and-caffeine&quot;, &quot;global-markets&quot;]'>

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    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Daily Report&quot;,&quot;slug&quot;:&quot;daily-report&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/this-asx-sector-is-getting-a-43-long-term-earnings-upgrade">This ASX sector is getting a 43% long-term earnings upgrade</a>
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    <img alt="The Morning Wrap" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMzV2QkE9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--7937b6466654d968622809bbf386ed8e704d47b6/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--99bc4cfbe587b0ef1895d81f4ab1bb784812abf1/Morning%20Wrap-Avatar.png" />

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      data-statisticable-id="53188">
      The Morning Wrap
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    <div class="wire-organisation">Livewire Markets</div> 
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     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:53188,&quot;summary&quot;:&quot;  Welcome to Charts and Caffeine - Livewire&#39;s pre-market open news and analysis wrap. We&#39;ll get you across the overnight session and share our best insights to get you better set for the investing day ahead. MARKETS WRAP   S\u0026P 500 - 3,719 (+1.97%) NASDAQ - 11,494 (+1.97%) CBOE VIX -...&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/this-asx-sector-is-getting-a-43-long-term-earnings-upgrade&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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<article class='wire'
  data-id='53186'
  data-statisticable='wire'
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  data-shielded='false'
  data-wire-path='/wires/is-the-world-s-most-watched-bond-yield-signalling-an-economic-implosion'
  data-wire-title='Is the world&#39;s most watched bond yield signalling an economic implosion?'
  data-contributor-profile-path='/contributors/david-berthon-jones'
  data-contributor-id='27139'
  data-wire-keywords='[&quot;inflation&quot;, &quot;bonds&quot;]'>

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    <h5 class="caption">
  <div data-react-class="wire/wire-caption" data-react-props="{&quot;wire&quot;:{&quot;isSponsored&quot;:false,&quot;category&quot;:{&quot;name&quot;:&quot;Macro&quot;,&quot;slug&quot;:&quot;macro&quot;},&quot;series&quot;:{&quot;title&quot;:null,&quot;slug&quot;:null},&quot;campaign&quot;:null}}" data-react-cache-id="wire/wire-caption-0"></div>

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    <div data-react-class="wire/relative-time" data-react-props="{&quot;timestamp&quot;:&quot;2022-09-28T13:08:54.745+10:00&quot;}" data-react-cache-id="wire/relative-time-0"></div>
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  <h2>
    <a data-event-type="click" data-event="link_click" href="https://www.livewiremarkets.com/wires/is-the-world-s-most-watched-bond-yield-signalling-an-economic-implosion">Is the world&#39;s most watched bond yield signalling an economic implosion?</a>
  </h2>
</div>


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    <img alt="David Berthon-Jones" class="avatar avatar--large float-left margin-med-right" src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdGpMIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--416754744f59e506e42f1fdfc9b47b1f91c6f305/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwUm1sRyIsImV4cCI6bnVsbCwicHVyIjoidmFyaWF0aW9uIn19--32d307e294589bc9304aed7c557bb718f8ef0b9e/DSC_3047.jpg" />

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    <a
      class="wire-author"
      href="https://www.livewiremarkets.com/contributors/david-berthon-jones"
      data-statisticable-event="click"
      data-statisticable-type="wire"
      data-statisticable-event-type="wire_profile_link_click"
      data-statisticable-id="53186">
      David Berthon-Jones
    </a>

    <div class="wire-organisation">Aequitas Investment Partners</div> 
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  <div class='wire-body-row'>
    <section class='wire-body'>
     <div data-react-class="wire/wire-summary" data-react-props="{&quot;wireId&quot;:53186,&quot;summary&quot;:&quot;  I would have thought the economics field (which was so confident in secular stagnation) would be more vocal about the eventual return to 2% for US 10s, from rates currently near-to-north of 4%, and higher for other developed economies. Slow-moving, long-running phenomena such as demographics, deleveraging, and the other horsemen...&quot;,&quot;showMoreLink&quot;:true,&quot;url&quot;:&quot;https://www.livewiremarkets.com/wires/is-the-world-s-most-watched-bond-yield-signalling-an-economic-implosion&quot;}" data-react-cache-id="wire/wire-summary-0"></div>


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