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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="2020-01-29T11:49:49+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 29, 2020 11:49</time>
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              Inflation Is The Genie In The Bottle
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  Investors have come into 2020 with a relaxed mindset, comfortable that the key fundamentals are stable across major markets. Key global risks that plagued investors...
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          <time datetime="2020-01-29T11:45:12+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 29, 2020 11:45</time>
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              Corporate America is finding life tough
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  At the depths of market and economic despair – March 2009 – the multiple on the S&amp;P 500 averaged around 11. The Trump corporate tax cut – from 35% to 21% - became law...
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        BMO
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          <time datetime="2020-01-29T10:47:50+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 29, 2020 10:47</time>
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              A merger of unequals
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
   Fairlight Asset Management, a stockholder of Hexcel Corporation (NYSE: HXL), today delivered a letter to Hexcel&#39;s Board of Directors expressing Fairlight&#39;s concerns...
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          <time datetime="2020-01-29T10:04:10+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 29, 2020 10:04</time>
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  We’ve had profit warnings from IAG, DOW, CIM, NHF, NUF, SUL, KGN and TWE. The confession season is in full flight. Time for this perennial article – rules for the...
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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>Are emerging markets <span class="whitespace-nowrap">cheap?<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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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  On the surface, emerging markets appear to be significantly cheaper than developed markets. Emerging markets trade at a forward PE of ~12x, compared to ~18x for...
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              The New Criterion: behind the Victorian gold revival
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  For the best part of 50 years Victoria’s historically fecund gold fields have been a basket case, given lack of government support and disastrous big-ticket attempts...
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          <time datetime="2020-01-28T17:38:14+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 28, 2020 17:38</time>
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              Markets hit on Coronavirus, stocks exposed to China hardest hit (NWH, EHL, WSA, OSH)
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  While it was a weak session locally today the low point was seen early on in trade with buyers emerging into weakness, although some sectors were clearly targeted more...
</div>

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        Market Partners 
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          <div class="sm:flex-grow">
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              Yield In Non-Bank Lending
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  2019 in ReviewMacro ViewAs we noted in the 2018 review of the fund, we came into 2019 with concerns in relation to the soft macroeconomic environment in Australia, and...
</div>

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        Aura Group
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              Are shares expensive?
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    As we enter 2020, “whether shares are expensive” seems to be a topic du jour for those interested in the stockmarket. The Australian indices are recently making new...
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          <time datetime="2020-01-28T13:00:19+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 28, 2020 13:00</time>
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          <div class="sm:flex-grow">
            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Actively hunting for hidden gems in EM
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
    Emerging markets have been in the headlines for all the wrong reasons; slowing growth, trade tensions and political risks. However, they can also offer deep value,...
</div>

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  While understanding a company’s assets is important when deciding whether to invest, it’s also critical to understand whether those assets are tangible or intangible....
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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>Where to find undervalued stocks in an overvalued <span class="whitespace-nowrap">market<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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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Investing is simple, but never easy. This statement seems to ring particularly true today as the ASX trades close to all-time highs more than 10 years since the last...
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Nick Scali Ltd</div>
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        Airlie Funds Management
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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="2020-01-28T08:28:44+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 28, 2020 08:28</time>
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              Treasurer considers axing commission loophole for listed funds
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  In huge news The AFR&#39;s John Kehoe reports today that &quot;Treasurer Josh Frydenberg has set up a snap review to consider closing a loophole that allows financial advisers...
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        Coolabah Capital
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          <time datetime="2020-01-28T06:45:11+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 28, 2020 06:45</time>
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              10 reasons to own a convertible
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    Convertibles are a unique asset class often overlooked by debt and equity investors. They offer the best of both worlds in that they share the ideal features of the...
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        Lazard Asset Management
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          <time datetime="2020-01-28T06:30:14+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">January 28, 2020 06:30</time>
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              16 Top Australian Stock Picks
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  This publication, Top Australian Stock Picks, contains our top 16 stock picks across a diverse group of sectors including Diversified Financials, Software &amp; Services,...
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Bigtincan Holdings Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">City Chic Collective Ltd</div>
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      +13
</a></div>

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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Bellevue Gold Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Bigtincan Holdings Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">City Chic Collective Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Carnarvon Energy Ltd</div>
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          <div 
  class="follow-stock-code-678-stock-code-tooltip-hovercard"
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  data-followable-type="stock_code"
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      +11
</a></div>

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    src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdU1FIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--8efec39543054cd3ddb9573cde484101ea1519af/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/aaronmuller.jpg"
    srcset="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdU1FIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--8efec39543054cd3ddb9573cde484101ea1519af/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/aaronmuller.jpg, https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdU1FIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--8efec39543054cd3ddb9573cde484101ea1519af/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/aaronmuller.jpg 2x"
    alt="Aaron Muller"
    style=""
    loading="lazy">
</picture>
    </div>
  <div id="profile-link" class="text-heavy-sm md:text-heavy-md text-darkestgray">
    <div>
        <span data-controller="event" data-event-name-value="link_click" data-event-view-name-value="summarized_longform_wire_view" data-event-id-value="1617" data-event-statisticable-value="profile" data-event-custom-data-value="{&quot;position&quot;:18100,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="Homepage Latest Feed" data-event-ga-action-value="link_click" class="mr-1">Aaron Muller</span>
    </div>
      <div>
        Canaccord Genuity
      </div>
  </div>
</div>

        </div>
        <div class="hidden lg:block lg:mt-4 mx-4 w-1 h-4 border-l border-gray-300"></div>
        <div class="mt-4 flex items-center text-heavy-sm md:text-heavy-md text-darkestgray">
          <div class="flex items-center mr-4">
            <div id="wire-listing-like-43224" data-load-engagement-count-target="like" data-wire-id="43224" data-position="18100">
                <button
  class="lw-button tertiary_gray xs icon-only "
  
  data-turbo-stream-url-value="/hotwired/likes/43224/wire/18100/like"
  data-controller="
    event 
     
    
    
    turbo-stream 
  "
  data-controller="event turbo-stream " data-event-name-value="like_clicked" data-event-view-name-value="" data-event-id-value="43224" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:18100,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="latest_feed" data-event-ga-action-value="like_clicked" data-event-ga-label-value="" data-turbo-stream-method-value="post"
  
  
  aria-label=home_like
  
  
  
>
  <svg class="home_like">
  <use xlink:href="#home_like"></use>
</svg>

  
  
  
</button>


</div>            <div class="flex items-center ml-1">
              <div id="comment-link-43224" data-load-engagement-count-target="comment" data-wire-id="43224" data-position="18100">
    <a
  class="lw-button tertiary_gray xs icon-only "
  href="/wires/16-top-australian-stock-picks#comment_body"
  
  data-controller="
    event 
     
    
    
     
  "
  data-controller="event" data-event-name-value="wire_comment_click" data-event-view-name-value="" data-event-id-value="43224" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:18100,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="latest_feed" data-event-ga-action-value="wire_comment_click" data-event-ga-label-value=""
  
  
  aria-label=comment
  
  
  
>
  <svg class="home_comment">
  <use xlink:href="#home_comment"></use>
</svg>

  
  
  
</a>

</div>
            </div>
            <div id="wire-listing-stats-43224" data-load-engagement-count-style-value="listing" data-load-engagement-count-target="stats" data-wire-id="43224" data-position="18100" data-style="listing" data-device-type="desktop"></div>
          </div>
        </div>
      </div>
    </div>
    <div class="flex flex-row-reverse">
        <time datetime="2020-01-28T06:30:14+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">January 28, 2020 06:30</time>
    </div>
</div>


      </div>
    </div>
</div>

  </div>
</template></turbo-stream>
  <turbo-stream action="update" target="pagination"><template>
    <a rel="next" href="/hotwired/feeds/latest?cache_prefix=latest_wire&amp;cursor=2020-01-28+06%3A30%3A14+%2B1100&amp;last_position=18100"></a>
</template></turbo-stream>
