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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="2020-07-09T09:42:09+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 09, 2020 09:42</time>
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              US election market impact less than clear
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  “Economics is a choice between alternatives all the time. Those are the trade-offs…I can&#39;t think of a president who has been overburdened by a knowledge of economics.”...
</div>

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        LGT Crestone
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          <time datetime="2020-07-09T09:25:40+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 09, 2020 09:25</time>
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              NAB&#39;s launches landmark insto hybrid in unlisted market...
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   NAB has announced an important new BBB- rated unlisted or over-the-counter (OTC) hybrid transaction, which will be the first well-structured, public OTC AT1 hybrid...
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      <div>
        Coolabah Capital
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          <time datetime="2020-07-09T08:30:17+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 09, 2020 08:30</time>
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              The best performing asset class in FY20
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  The past financial year was poor for investors as coronavirus knocked economies into what is likely to be their biggest hit since the 1930s. Shares were hit hard, but...
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        AMP
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          <time datetime="2020-07-09T07:37:24+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 09, 2020 07:37</time>
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              When does too much of a good thing break bad?
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In this article I am going to discuss the composition of the S&amp;P/NZX 50 index, which is considered New Zealand’s principle gauge of how the New Zealand share market is...
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        Castle Point Funds
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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>2 stocks offering value in the banking <span class="whitespace-nowrap">sector<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">
  In the latest iteration of the Firetrail Analyst Series we dive into an incredibly important sector for income investors and SMSFs: Australian banks. Our Analyst Scott...
</div>

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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">National Australia Bank Ltd</div>
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          <div class="sm:flex-grow">
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              The #1 stock picks for 2020 (an update)
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  At the start of the year, I invited nine fund managers, including the winners from the 2019 competition, to share their #1 stock picks for the year ahead. When the...
</div>

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          <time datetime="2020-07-09T02:00:25+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 09, 2020 02:00</time>
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              Social distancing in the global financial casino
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Hyman Minsky would be turning in his grave. His financial instability hypothesis appears a prescient assessment of the consequences wrought by easy money. Rising debt...
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      +6
</a></div>

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        <time datetime="2020-07-09T02:00:25+10:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">July 09, 2020 02:00</time>
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          <time datetime="2020-07-08T16:20:49+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 08, 2020 16:20</time>
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              No such thing as a free lunch
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Through the pandemic, global fiscal support packages have gone a long way towards helping to offset the decline in corporate and household income. In the U.S., where...
</div>

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              When counterfactuals are hidden and histories alternative
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  As Australia sets to emerge from this once-in-a-century pandemic, some of us do wonder was it all worth it? If COVID-19 was not as bad as the forecasters led us to...
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        Yarra Capital Management
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  Increasing competition      Since the GFC, global economic growth has been weak, particularly across the developed world, and this is a trend which we expect to...
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        Hyperion Asset Management
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</span>    </div>
      <div>
        Koda Capital
      </div>
  </div>
</div>

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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/categories/asset-allocation">Asset Allocation</a>

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          <time datetime="2020-07-08T07:00:27+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 08, 2020 07:00</time>
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              Do you trust this market?
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The ASX200 fell roughly 10% in the financial year just finished, which included a terrifying 35% plunge and euphoric 30% rally in a 16-week period. This loss-making...
</div>

          </div>
</a>      </div>
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</span>    </div>
      <div>
        WealthLander
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</div>

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          <time datetime="2020-07-08T07:00:25+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 08, 2020 07:00</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>How does SME financing work and where does it sit in your <span class="whitespace-nowrap">portfolio?<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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  In our last two videos Brett Craig of Aura Group covered off the significant funding gap and opportunity in the SME market, and how the sector is adapting to a...
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              Have we seen the last of the bear market?
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  Despite facing a myriad of problems equity markets have staged a stunning comeback rally over the last three months. Liquidity from central banks, combined with...
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              Dogs of the ASX in FY20
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  The last 12 months have been bruising and emotional for equity investors enjoying the market grinding higher from July to early February based on FOMO (fear of missing...
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          <time datetime="2020-07-07T11:13:14+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 07, 2020 11:13</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>3 Tech Ideas - James Gerrish chats with Jono <span class="whitespace-nowrap">Higgins<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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            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Last week I caught up with one of our analysts Jono Higgins who covers a cross section of emerging companies in Australia. He’s a good analyst and it was worthwhile...
</div>

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        Market Partners 
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        <time datetime="2020-07-07T11:13:14+10:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">July 07, 2020 11:13</time>
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          <time datetime="2020-07-07T10:10:08+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 07, 2020 10:10</time>
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full ">
              The niche stocks flying the flag for Australian manufacturing
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Our trade tensions with China have fuelled the coronavirus-spurred debate about our reliance on offshore supply chains for goods both to and from our shores. Apart...
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          <time datetime="2020-07-07T09:09:19+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 07, 2020 09:09</time>
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
   A widely accepted maxim in the value investing ideology is the notion that acquisitions destroy value. Indeed, few topics seem to enjoy such a cheery consensus...
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          <time datetime="2020-07-07T08:00:32+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">July 07, 2020 08:00</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%] ">
              The great disconnect
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
   			 				 					 						We concluded our March quarter note with the comment: “Let’s just hope we now don’t have a gigantic bounce in share prices fuelled by the central...
</div>

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        BMO
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