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          <time datetime="2023-10-06T11:39:17+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 06, 2023 11:39</time>
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              How much cash are you holding in your portfolio right now?
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  In this wire, we speak to financial adviser to the ultra-wealthy, Charlie Viola, to learn how much cash you should be holding today. 
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        <time datetime="2023-10-06T11:39:17+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 06, 2023 11:39</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="2023-10-06T10:42:28+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 06, 2023 10:42</time>
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</span>Is it really 1987 all over again?</span>
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Market participants are making a lot of comparisons to 1987. But a lot has changed since those dark days.
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              Demystifying the inter-relationship between interest rates and credit spreads
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  Clive Smith takes a closer look at the relationship between credit spreads and interest rates.
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Invest like Jeremy Grantham: 6 &#39;quality&#39; stocks and ETFs
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Quality as an investing factor is enjoying its time in the sun given today&#39;s economic conditions. Here&#39;s how you can get exposure. 
</div>

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      +3
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              Investors should be excited, not fearful
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  &#39;Higher for longer&#39; is the consensus trade. But what if it&#39;s wrong? Where should contrarian investors be investing right now? 
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              ASX 200 flat, S&amp;P 500 claws back early losses + Is the oil rally over?
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  Get up to date on overnight market activity and the big events for the day.
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              BHP not turning fickle on beaten-up nickel
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              Non-farm payrolls may show only modest softening in the US job market
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Our economist models healthy US employment print using Indicio.
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              Cash flows and the effectiveness of monetary policy
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Higher interest rates have the same estimated effect on inflation in Australia, the euro area, and the USA.  
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              Forward looking vs backward looking return forecasts
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  Static expected return forecasts lead to harsher drawdowns. Forward-looking forecasts produce more resilient portfolios.
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        Innova Asset Management
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          <time datetime="2023-10-05T14:57:54+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 05, 2023 14:57</time>
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          <div class="sm:flex-grow">
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              Insider Trades: Directors are buying shares in these 14 ASX small caps
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  Shares in the beleaguered software company Bravura might be turning a new leaf after a solid FY23 result and several insiders buys. 
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      +10
</a></div>

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      +8
</a></div>

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          <time datetime="2023-10-05T12:48:22+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 05, 2023 12:48</time>
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              2 stocks for the next 12 months
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Morgan Stanley builds on its 6 key picks with two more stocks slated to outperform over the next 12 months.
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">LIFE360 Inc</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Eagers Automotive Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:APE</div>
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  <div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Dicker Data Ltd</div>
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            Followed by<span class="font-bold text-gray-700"> 205 </span>people
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      +5
</a></div>

        </div>
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    <div data-controller="tooltip">
  <a aria-label="360" data-controller="event" data-event-name-value="link_click" data-event-id-value="57233" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-360">
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  <div class="flex items-center gap-2">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">LIFE360 Inc</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Eagers Automotive Ltd</div>
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      <div class="border-6 border-tooltipDownArrowLight"></div>
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    <div data-controller="tooltip">
  <a aria-label="DDR" data-controller="event" data-event-name-value="link_click" data-event-id-value="57233" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-ddr">
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  <div class="flex items-center gap-2">
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</a>  <div class="hidden" data-tooltip-target="content">
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  <div>
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</a>  <div class="hidden" data-tooltip-target="content">
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</a>  <div class="hidden" data-tooltip-target="content">
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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 investors can find enduring value in the energy <span class="whitespace-nowrap">transition<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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  The world&#39;s most important mega-trend is full of opportunities.
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              Morgan Stanley, JPMorgan and UBS warn of more pain for lithium stocks
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  A slew of bearish lithium notes hit the market overnight as analysts turn their back on the once bullish lithium sector. 
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              Hacked! Cybersecurity stocks fight back
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  At face value, the odds of being hacked are much higher than a few years ago. What are the risks, and where are the returns for investors?
</div>

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              Veteran bonds investor Bill Gross on equities, bonds and arbitrage via M&amp;A
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  In this wire, I draw on a recent note from PIMCO founder Bill Gross. 
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              What happens to global share markets if interest rates stay higher for longer?
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  Sticky inflation may force central banks to keep interest rates elevated for an extended period after they stop hiking. Investors should consider how this will impact...
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</a>    <div class="px-4 mt-0.5">
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    <div class="h-0 w-full flex justify-center">
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</div>

        </div>
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</a>  <div class="hidden" data-tooltip-target="content">
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  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="302" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-bpt">
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</a>    <div class="px-4 mt-0.5">
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      </div>
    </div>
  </div>
</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
    </div>
  </div>
</div>

    <div data-controller="tooltip">
  <a aria-label="KAR" data-controller="event" data-event-name-value="link_click" data-event-id-value="57227" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-kar">
    <div
  class="lw-badge rounded-2xl  md"
  
  
>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">KAR</span>
  </div>
</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="1085" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-kar">
      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Karoon Energy Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:KAR</div>
        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-1085">
            Followed by<span class="font-bold text-gray-700"> 107 </span>people
        </div>
          <div 
  class="follow-stock-code-1085-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
  data-followable-id="1085"
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></div>

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

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
    </div>
  </div>
</div>

    <div data-controller="tooltip">
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    <div
  class="lw-badge rounded-2xl  md"
  
  
>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">WDS</span>
  </div>
</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="11561" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-wds">
      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Woodside Energy Group Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:WDS</div>
        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-11561">
            Followed by<span class="font-bold text-gray-700"> 566 </span>people
        </div>
          <div 
  class="follow-stock-code-11561-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
  data-followable-id="11561"
  data-options="{&quot;custom_data&quot;:{&quot;section&quot;:&quot;stock_code_tooltip&quot;},&quot;style&quot;:&quot;hovercard&quot;}"
></div>

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

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
    </div>
  </div>
</div>

</div>

        </div>
      <div class="lg:flex lg:items-center clear-both">
        <div class="mt-2 lg:mt-4">
          <div class="flex items-center">
    <div class="mr-2">
        <a data-controller="event" data-event-name-value="link_click" data-event-id-value="126123" data-event-statisticable-value="profile" data-event-custom-data-value="{&quot;position&quot;:7480,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="Homepage Latest Feed" data-event-ga-action-value="link_click" href="/contributors/morning-wrap">
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        Livewire Markets
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        </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">
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    turbo-stream 
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  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-57227" data-load-engagement-count-target="comment" data-wire-id="57227" data-position="7480">
    <a
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  data-controller="
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  aria-label=comment
  
  
  
>
  <svg class="home_comment">
  <use xlink:href="#home_comment"></use>
</svg>

  
  
  
</a>

</div>
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            <div id="wire-listing-stats-57227" data-load-engagement-count-style-value="listing" data-load-engagement-count-target="stats" data-wire-id="57227" data-position="7480" data-style="listing" data-device-type="desktop"></div>
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    </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=2023-10-05+08%3A46%3A50+%2B1100&amp;last_position=7480"></a>
</template></turbo-stream>
