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          <time datetime="2021-05-03T08:20:37+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">May 03, 2021 08:20</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>Investing in household names … without the price <span class="whitespace-nowrap">tag<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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  We’ve all heard of companies like Expedia, TripAdvisor, Live Nation (the owners of TicketMaster) and the Match Group (the parent company of dating apps including...
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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 dominant theme of the <span class="whitespace-nowrap">decade<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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  Those who twigged Web 2.0 would transform the world over the past decade are doubtless feeling pretty smug right now. And why not?  The likes of Facebook, Amazon,...
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              Two ways to better diversify your portfolio
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            Advisers and wiser clients themselves generally try and run a diversified portfolio.  As they say, diversification is only necessary when you don’t “know”...
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              Media worth consuming – April 2021
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  A monthly wrap-up of interesting and informative media on finance, economics, politics and society that you might have missed. Short sellers have been pulling back,...
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        Narrow Road Capital
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          <time datetime="2021-04-30T17:55:20+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 30, 2021 17:55</time>
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              Global growth has 99 problems but China ain&#39;t Yuan
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  The local market ran into profit-taking on big caps from global investors and small/micro caps from retail investors as the last day of the month rolled in. We had...
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              Who is correct, iron ore or BHP, RIO?
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The iron ore price continues to post fresh multi-year highs belying the many doubters who have been calling a top for the bulk commodity basically since I can...
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          <time datetime="2021-04-30T15:13:22+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 30, 2021 15:13</time>
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              Prepare for war, as probabilities rise above 50%
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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 AFR today I write that long-time readers of this column have been hearing about the drum-beats of war between China and the US for the best part of a decade....
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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 next for L1 Capital after a winning vaccine <span class="whitespace-nowrap">trade?<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" id="embed_podcast" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Getting the &quot;vaccine trade&quot; right was perhaps the single biggest factor for investors&#39; performance in the second half of 2020. Equity markets jumped 10% in November on...
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          <time datetime="2021-04-30T11:13:30+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 30, 2021 11:13</time>
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              Risk fades, value and quality outperform
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  Something interesting happened in March this year – the dominant theme that has been driving relative stock performance has reversed. In the previous 12 months, the...
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  What have we learned over the past seven decades in multi-asset, and how does it relate to what we can expect in the future? A lot has changed in financial markets...
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          <time datetime="2021-04-30T09:41:54+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">April 30, 2021 09:41</time>
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              Lower-than-expected consumer price rises paves Reserve Bank roadmap for inflation
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  Australian prices rose 1.1% year-on-year for the March quarter of 2021, with the official CPI rising 0.6% over the three months to March. The number came in much lower...
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</a>    <div class="px-4 mt-0.5">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">De Grey Mining Ltd</div>
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</a>    <div class="px-4 mt-0.5">
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      +7
</a></div>

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  <div>
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</div>

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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="E25" data-controller="event" data-event-name-value="link_click" data-event-id-value="47802" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-e25">
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  <div class="flex items-center gap-2">
    <span class="text-bold-md">E25</span>
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</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="670" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-e25">
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          <div 
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</div>

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      <div class="border-6 border-tooltipDownArrowLight"></div>
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  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="FFR" data-controller="event" data-event-name-value="link_click" data-event-id-value="47802" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-ffr">
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  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="2346" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-ffr">
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      <div class="flex items-center py-4 border-t border-light">
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      +5
</a></div>

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        <time datetime="2021-04-30T07:54:23+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">April 30, 2021 07:54</time>
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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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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              China tensions remain despite post-Trump calm
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  It may seem like a distant memory now, but for much of 2018 and 2019, global markets were periodically shocked by the unorthodox diplomatic moves of then-President...
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  The local market delivered another volatile positive day on low turnover with global macro trades remaining the main driver. The macro trade was all about currency. US...
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              Four ways corporate loans can benefit your retirement income portfolio
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  After the financial market volatility of 2020, many investors are looking for more reliable sources of income and capital stability. However, with official interest...
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