popular wires

The RBA cut interest rates by 25bp at 2.30pm on Tuesday, taking the benchmark rate to an all-time low of 1%, its first consecutive monthly reduction since 2012....

High valuations currently persist in both equities and bond markets, with the latter indicating that a recession is imminent and the former suggesting that the bulls...

As we kick off a new financial year, we consider some of the important factors that will influence our portfolio construction and stock selection. We also highlight...

Having spent sixteen years in the UK and four years in Australia sitting on the institutional desks of some major brokers, particularly in the UK, one thing becomes...

A lot of investors like to talk about macroeconomics. They talk about mean reversion, valuation dispersion, etc. I believe that it's a lot easier for investors,...

With no apparent end in sight for low interest rates, and post-retirement lifespans ever-increasing, equities are an important part of the asset mix for people in and...

With half the market about to fly somewhere warmer for a week or two, now seemed like a good time for some holiday reading lists. I regularly get the opportunity to...

Research from GMO recently noted that value stocks have underperformed the market in 9 of the last 12 years, and by an average of 2.0% per year. This trend has...

Hedonic adaptation is a psychology term that describes the human tendency of reverting to a relatively stable or ‘normal’ state following either positive or negative...

The ‘Trump bump’ happened early with the ASX keying off strength in US Futures which opened +1% higher before our open, the ASX 200 trading up to a 6664 high (+43...

The result of the demise of value investing and investor withdrawals has been financial erosion, stressful to us all. And there is no real indication that a quick end...

Like many popular terms in finance, there’s no strict definition for a microcap. Some define it as sub-$250m market cap, some sub-$100m, while others still define it...

The RBA’s description of its monetary policy mandate states that it “has a duty to maintain price stability, full employment, and the economic prosperity and welfare...

This week I write that the housing party is just getting started (click on that link to read the column or AFR subs can click here). Recall we forecast the end of the...

In June last year, we wrote that Lifestyle Communities (LIC) was a sound long-term investment. With the stock having returned 16.7% since publishing, Livewire got in...

Technology stocks have been on a tear. They seem unstoppable and the investor sentiment around them is one of euphoria. It doesn’t matter what company, how...

On the 30 July 2010, DuluxGroup was spun out of Orica and commenced trading on the ASX at $2.50 a share. In April this year, the board of Dulux recommended that...

As we close the 2019 financial year, we take a look at companies that may disappoint at the upcoming company reporting season in August. A good place to start is to...

Obscure small caps that then grew into huge success stories have given investors across the country plenty to smile about this financial year. So, as FY20 beckons, we...

Central banks (including ours) are faced with two choices: “rescue” the world from its economic slowdown; or stand aside and let the inevitable correction take place. ...