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          <time datetime="2019-11-02T10:09:08+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 02, 2019 10:09</time>
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              Credit Snapshots – October 2019
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Shenanigans in Leveraged LoansThere’s something of an ongoing battle between journalists looking to write a sensational article about US high yield debt and fund...
</div>

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        Narrow Road Capital
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        <time datetime="2019-11-02T10:09:08+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 02, 2019 10:09</time>
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          <time datetime="2019-11-02T05:52:59+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 02, 2019 05:52</time>
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              House prices to increase 30% (and the return of sub-prime lenders)
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  It is time to unveil a new expectation: if the RBA continues cutting through conventional and unconventional means, which is our central case, I expect that this...
</div>

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        Coolabah Capital
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          <time datetime="2019-11-01T16:59:27+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 01, 2019 16:59</time>
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              Stocks rebound from early weakness
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  After opening lower this morning , the market chopped around in a tight range till around 11am before finding its mojo and rallying strongly in the afternoon session...
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        Market Partners 
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              Still climbing the Wall Of Worry in great companies like Microsoft
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  The US S&amp;P 500 Index has rallied ~6% from mid-August lows to be back at all-time highs. This is a classic example of the equity market climbing the wall of worry. Back...
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        Aitken Investment Management
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              The modern day railroads: IaaS
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  In our latest update, we’ll discuss our ongoing investment and thesis around Infrastructure as a Service (IaaS) within the cloud computing market. We&#39;re going to...
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        Munro Partners
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED</div>
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              Australians haunted by possibility of recession
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  An analysis of Google search trends suggests that Australians are increasingly becoming concerned about the outlook for the economy, with the number of searches for...
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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>Buy Hold Sell: 5 stocks in an upgrade <span class="whitespace-nowrap">cycle<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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  There is a special cluster of industrial mid-caps on the ASX that are perennial crowd-pleasers, stocks that under-promise and over-deliver every reporting season,...
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        <time datetime="2019-11-01T06:45:11+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, 2019 06:45</time>
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          <time datetime="2019-11-01T05:55:21+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 01, 2019 05:55</time>
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              Media Worth Consuming – October 2019
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  S&amp;P 500 companies are paying out over 100% of their free cashflow as dividends and buybacks, even though earnings growth has been flat for the last two quarters and is...
</div>

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        Narrow Road Capital
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  As most bank customers would know, transaction and traditional savings accounts pay little or no interest at present. This fixes the funding cost of these deposits for...
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          <time datetime="2019-10-31T14:05:56+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 31, 2019 14:05</time>
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              3 of the best value stocks on the ASX
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  A calmer mood in geopolitics, a shift in trend for bond yields, and WeWork popping the unicorn bubble; all have been cited as drivers of the marked rotation from...
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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>Nucleus Investment Insights Podcast - Distressed Debt Economic Lessons with private Lending <span class="whitespace-nowrap">CEO<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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  Hi all, something a bit different today with our weekly investment-centric webinar (also presented in podcast format) for those of you who haven&#39;t seen it Episode...
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  These days, I hear many commentators say it’s hard to find value in the market. But if you look hard enough, it’s still possible to find a gem. One of these is IMDEX...
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  Alphabet. Amazon. Microsoft. We all know who they are, we all use their technology, but what does the future have in store for some of the worlds most recognisable...
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        <time datetime="2019-10-31T07:00:23+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">October 31, 2019 07:00</time>
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          <time datetime="2019-10-30T20:16:43+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 30, 2019 20:16</time>
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              Xero needs to Square up!
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  Are we watching the wrong 800-pound Gorilla?Xero is the classic disruptor. As the first cloud-based accounting platform for small business, it revolutionised the...
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        ECP Asset Management
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        <time datetime="2019-10-30T20:16:43+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">October 30, 2019 20:16</time>
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          <time datetime="2019-10-30T17:48:16+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 30, 2019 17:48</time>
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              Sellers dominate in a weak session – all sectors lower
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  Sellers dominated today with the index on the skids from mid-morning onwards, the selling really kicking into gear post local inflation data at 11.30am that printed in...
</div>

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        Market Partners 
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        <time datetime="2019-10-30T17:48:16+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">October 30, 2019 17:48</time>
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          <time datetime="2019-10-30T14:00:21+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 30, 2019 14:00</time>
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full ">
              The unintended consequences of ultra-low interest rates
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The RBA recently cut Australia’s overnight cash rate to a record low 0.75% with many predicting further interest rate cuts to come. Interest rates in places like...
</div>

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        Fundamental Investment Management
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          <time datetime="2019-10-30T12:42:33+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 30, 2019 12:42</time>
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              Are You Investing in Your World ?
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  It won’t come as a surprise that over the last decade the average daily time spent on screens, which used to be restricted to television and computers, has increased...
</div>

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      <div>
        Loftus Peak
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