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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/categories/macro">Macro</a>

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          <time datetime="2018-11-01T10:51:17+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 01, 2018 10:51</time>
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              Market volatility, capital preservation and my holidays
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  I’m beginning to think that my holidays are turning into a reliable market indicator. Short-haul, good; long-haul, reach for your hard hat. Three years ago, when we...
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        Fidelity International
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        <time datetime="2018-11-01T10:51:17+11:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">November 01, 2018 10:51</time>
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          <time datetime="2018-11-01T08:28:50+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 01, 2018 08:28</time>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Taking share from the big <span class="whitespace-nowrap">banks<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Financials are deeply unpopular given the fallout from the Royal Banking Commission, pending legal actions and the prospect of being a political football into the 2019...
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          <time datetime="2018-10-31T12:46:32+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 31, 2018 12:46</time>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>The next Northern <span class="whitespace-nowrap">Star?<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  While gold has disappointed over the last five years, what is often missed is that in Australian dollar terms it is up nearly 25% in the same time frame. With currency...
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          <time datetime="2018-10-31T10:41:49+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 31, 2018 10:41</time>
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              Wilson: 25,000 reasons to stop changes to dividend imputation
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  Labor’s proposal to scrap franking credit cash rebates has been one of the most divisive and important topics of debate for Livewire readers. Earlier this week Geoff...
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          <time datetime="2018-10-31T09:11:31+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 31, 2018 09:11</time>
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          <time datetime="2018-10-31T07:00:19+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 31, 2018 07:00</time>
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              Thoughts on 11 market casualties
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Numerous local stocks have been hammered by recent news flow and/or simple aggressive sector selling in an already nervous market. In this wire, we outline our view on...
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        Coolabah Capital
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        PM Capital
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  Unless you’ve been living under a rock these past few years, you’ve undoubtedly been barraged by news of the ‘latest and greatest’ iterations of blockchain technology....
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        KIS Capital Partners
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              Just 4 of the last 22 corrections became bear markets
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  Equity markets are inherently volatile. The flip side of a higher long-term return is higher risk. Circa 10% corrections are not uncommon for equity markets. When they...
</div>

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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>The four pillars of future <span class="whitespace-nowrap">quality<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Companies that will attain, and then sustain, very high returns on capital, have the ‘future quality’ that Will Low, Head of Global equities at Nikko Asset Management...
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  Protean Energy&#39;s strategy is to build a vertically integrated vanadium business, with the upstream including the 490 Mlb V2O5/18.4 Mlb U3O8 Daejon Vanadium-Uranium...
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          <time datetime="2018-10-30T08:42:48+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 30, 2018 08:42</time>
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        Perpetual Asset Management (Australia)
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          <time datetime="2018-10-30T07:17:18+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 30, 2018 07:17</time>
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      <div>
        Chester High Conviction Fund
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