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          <time datetime="2023-05-10T10:58:28+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">May 10, 2023 10:58</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%] ">
              Do new funds deliver better performance?
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Ahead of Livewire’s Undiscovered Funds Series I look at the growth in the Australian managed funds industry and data on new market entrants.
</div>

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    alt="Sara Allen"
    style=""
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</picture>
</a>    </div>
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</span>    </div>
      <div>
        Livewire Markets
      </div>
  </div>
</div>

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        <time datetime="2023-05-10T10:58:28+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">May 10, 2023 10:58</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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          <time datetime="2023-05-10T10:58:19+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">May 10, 2023 10:58</time>
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                <figcaption></figcaption>
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            </div>
          <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%] ">
              Hard vs soft data: mixed signals
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The soft data mostly screams “beware”. The hard data is mostly benign. The soft data might be wrong, but I&#39;m not betting against it.
</div>

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    alt="Damien Klassen"
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      <div>
        Nucleus Wealth
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              Budget 2023: A return to surplus but structural deficits remain
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The return to surplus is the fastest since the end of World War 2, but help to alleviate the cost of living doesn&#39;t solve bigger issues. 
</div>

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

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          <time datetime="2023-05-10T10:11:41+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">May 10, 2023 10:11</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%] ">
              High services inflation is a problem for the RBA
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Similar to the US experience, core goods inflation has slumped, but services inflation remains high.  
</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>Dividend value traps and how to avoid <span class="whitespace-nowrap">them<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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  Uncovering what investors are missing when looking at high-dividend companies and how to avoid dividend traps
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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%] ">
              Safe as houses? Think again. Big 4 bank shares aren’t worth the risk
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In the AFR today I share some views on why we think Australian bank shareholders are vulnerable. Here&#39;s more on Antipodes&#39; thesis.
</div>

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              Wall St falls on inflation jitters, ASX 200 futures lower, Budget winners and losers
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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>This cyclical sector may have seen the bottom, and tailwinds are quickly <span class="whitespace-nowrap">forming<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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  And WaveStone&#39;s Henry Hill has found the stock to play it 
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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>Clifford: Investor bias is an opportunity - so long as you&#39;re not the one harbouring <span class="whitespace-nowrap">it<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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  Platinum Asset Management&#39;s C0-CIO also passes along three financials names that may not concern you even if banking concerns persist.
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  Jim Chalmers has handed down his second Federal Budget. But the cash splash isn&#39;t being ramped up just yet.
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              The Match Out: Subdued ASX ahead of tonight’s Budget, Worley (WOR) does well on Strategy
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  The daily Match Out report for Tuesday 9 May with Market Matters&#39; James Gerrish.
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              The sectors and stocks to watch from Macquarie’s 2023 conference
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Macquarie noted four key market themes, upgraded some stocks and downgraded others in its 2023 Conference. In this wire, I&#39;ll explore these.
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      +14
</a></div>

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              The blue sky for rare earths now a bit cloudier
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  Tesla claims it will eliminate the use of Rare Earths in its Electric Vehicles. What could this mean for markets?
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        Tyndall AM
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              Can ESG and sustainable investing really help build wealth?
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  ESG and sustainable investing can enhance long-term risk-adjusted investment returns. Analysing and managing ESG risks helps investors better understand the resilience...
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      <div>
        Pengana Capital Group.
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              Morgan Stanley says lithium prices have bottomed and expects supply to stay tight in 2023
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Morgan Stanley observes improving sentiment, a decline in midstream inventories and disappointing supply growth for lithium markets. 
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Global Lithium Resources Ltd</div>
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</a>    <div class="px-4 mt-0.5">
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              8 ASX small and micro-cap Industrial stocks on the move
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  Australian small- and micro-cap Industrials continued to see significant news, as improved earnings, contracts, and global expansion continued to be the key themes for...
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        Independent Investment Research 
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              Diagnostics: The workhorse of improving health outcomes
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  Helena Miles, Vice President, International Equity Team Morgan Stanley IM For health care companies, the holy grail of compounding at high returns is underpinned by...
</div>

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              Navigating private equity valuations: Are we approaching the end of the journey?
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  We view the current investment environment as more constructive than during most of 2022, given much of the valuation correction across both equities and bonds...
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              Why now is the time to &quot;cherry pick&quot; the best investments
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  An environment of tightening conditions and slowing earnings growth is creating some fascinating quandaries for investors.
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