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          <time datetime="2025-11-26T09:01:25+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 26, 2025 09:01</time>
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              How to invest through every economic season
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  No single strategy wins every season but the right mix can build resilience.
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          <time datetime="2025-11-26T07:19:10+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 26, 2025 07:19</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>YLDX’s 6.4% pa yield is an alternative to <span class="whitespace-nowrap">hybrids<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 $40 billion ASX bank hybrid market is going to disappear by 2032 and investors want an alternative that offers similar yields, liquidity, and credit default risks....
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            Followed by<span class="font-bold text-gray-700"> 15 </span>people
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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>Hunting for &quot;forever businesses&quot; and 5 stocks for your <span class="whitespace-nowrap">watchlist<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">
  AI is exploding, labour markets are shifting, and biotech is waking up - Janus Henderson&#39;s Josh Cummings breaks down where the heat is now.
</div>

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        Livewire Markets
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              The copper decade: Why demand is exploding and the 2 stocks set to benefit
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  Copper demand is accelerating fast while supply tightens. Michael Slack reveals the two stocks best positioned for the decade ahead.
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              What can the echoes of the dot.com bubble teach us?
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Worrying about a correction is easy. Far harder is knowing how to navigate it. Everyone knows the stock market will fall at some point. But identifying when and how...
</div>

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        Fidelity International
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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%] ">
              Housing affordability at a record low – here’s four key ways to fix it
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Home prices relative to incomes housing affordability is at a new record low, adding to a slide in home ownership and rising inequality.
</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>Up 75% in 12 months. How much longer can this small cap stay under the <span class="whitespace-nowrap">radar?<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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  This small cap has been flying under the radar but the growth tailwinds are blowing and investors are buying the story.
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              Paul Moore - 40 Years of beating the market: conviction, contrarianism, and compounding
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  Veteran investor Paul Moore, Founder and CIO of PM Capital, joins David Clark to share candid insights from more than 40 years in markets.
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              NAB Financial Year 2025 results: steady in a tough environment
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  NAB Financial Year 2025 results: steady in a tough environment
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      <div>
        Montgomery Investment Management
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              NVIDIA Q3 Fiscal 2026 Earnings
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  NVIDIA Q3 Fiscal 2026 Earnings
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        Montgomery Investment Management
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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>Companies are staying private longer: How Ares says investors can <span class="whitespace-nowrap">benefit<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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  Private equity secondaries can give investors greater diversification and access to a universe of companies outside the public markets. 
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              Baxter’s recovery story: When temporary pain creates lasting value
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  All four of Baxter’s headwinds are company-specific and temporary, with resolutions underway.
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        Pzena Investment Management 
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          <time datetime="2025-11-25T06:00:01+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 25, 2025 06:00</time>
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              Who are the best CEO&#39;s in the world? 4 top fundies weigh in
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  Four leading investors reveal the CEOs they believe sit at the very top of global leadership.
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              Why Sydney and Melbourne private school fees are going to $200K a year
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  School fees are increasingly tied to asset prices, reflecting the wealth of the families who pay them.
</div>

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              5 long and short stock calls from Sohn London
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  Fresh from Sohn London: big shorts, bold longs, and sharp calls across fintech, med-tech, industrials and more. Here are the key ideas.
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              Morningstar’s top 11 fully franked dividend picks for the end of the year
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  Energy stocks hold the winning yield in Morningstar&#39;s outlook for dividend picks.
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          <time datetime="2025-11-24T06:30:03+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">November 24, 2025 06:30</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 investors can beat market concentration and the stocks still offering <span class="whitespace-nowrap">value<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">
  A great year for global equities leaves the best performers looking overvalued. Here&#39;s where you can still find value in expensive markets. 
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              Australian versus American equities: past, present and future
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  A recent “analysis” overlooks key facts and ignores major risks. I analyse comprehensively and rigorously, and thus conclude justifiably.
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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>Buy Hold Sell: US earnings season and 2 stocks (not Nvidia) that crushed <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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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  AI soared, consumers split, and volatility spiked. We break down the key surprises from US earnings season and two stocks that shone bright.
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              Glenmore stays bullish on small caps but sharpens its focus on valuation
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  After a blistering rally in small caps, Glenmore is trimming winners, backing structural growers and doubling down on valuation discipline.
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    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="3023" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-sha">
      <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 ">Shape Australia Corporation Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:SHA</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-3023">
            Followed by<span class="font-bold text-gray-700"> 10 </span>people
        </div>
          <div 
  class="follow-stock-code-3023-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
  data-followable-id="3023"
  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="127084" data-event-statisticable-value="profile" data-event-custom-data-value="{&quot;position&quot;:1740,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="Homepage Latest Feed" data-event-ga-action-value="link_click" href="/contributors/chris-conway">
            <picture style="">
    <source type="image/webp" srcset="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeTlqRGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--6bf72d4459140d161b6eeb90828f746c0250cc76/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBPZ2wzWldKd09oTnlaWE5wZW1WZmRHOWZabWxzYkZzSGFRSElhUUhJIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--1fd30fd39e489c8cda41fffd3d21b2be931eb227/CC1.png" />
  <img
    class="h-10 w-10 rounded-full bg-white overflow-hidden"
    src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeTlqRGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--6bf72d4459140d161b6eeb90828f746c0250cc76/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/CC1.png"
    srcset="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeTlqRGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--6bf72d4459140d161b6eeb90828f746c0250cc76/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/CC1.png, https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBeTlqRGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--6bf72d4459140d161b6eeb90828f746c0250cc76/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJY0c1bkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--c306068f01ab83c3650795f1865f4e6da1f93433/CC1.png 2x"
    alt="Chris Conway"
    style=""
    loading="lazy">
</picture>
</a>    </div>
  <div id="profile-link" class="text-heavy-sm md:text-heavy-md text-darkestgray">
    <div>
        <span class="profile-name-hover-container" data-controller="event tooltip" data-event-name-value="contributor_hover_view" data-event-id-value="127084" data-event-statisticable-value="profile" data-event-custom-data-value="{}" data-event-event-value="mouseover" data-tooltip-url-value="/hotwired/hovercards/127084/contributor">
          <a class="hover:underline mr-1" data-controller="event" data-event-name-value="link_click" data-event-view-name-value="summarized_longform_wire_view" data-event-id-value="127084" data-event-statisticable-value="profile" data-event-custom-data-value="{&quot;position&quot;:1740,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="Homepage Latest Feed" data-event-ga-action-value="link_click" href="/contributors/chris-conway">Chris Conway</a>
</span>    </div>
      <div>
        Livewire Markets
      </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-64266" data-load-engagement-count-target="like" data-wire-id="64266" data-position="1740">
                <button
  class="lw-button tertiary_gray xs icon-only "
  
  data-turbo-stream-url-value="/hotwired/likes/64266/wire/1740/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="64266" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:1740,&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-64266" data-load-engagement-count-target="comment" data-wire-id="64266" data-position="1740">
    <a
  class="lw-button tertiary_gray xs icon-only "
  href="/wires/glenmore-stays-bullish-on-small-caps-but-sharpens-its-focus-on-valuation#comment_body"
  
  data-controller="
    event 
     
    
    
     
  "
  data-controller="event" data-event-name-value="wire_comment_click" data-event-view-name-value="" data-event-id-value="64266" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:1740,&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-64266" data-load-engagement-count-style-value="listing" data-load-engagement-count-target="stats" data-wire-id="64266" data-position="1740" data-style="listing" data-device-type="desktop"></div>
          </div>
        </div>
      </div>
    </div>
    <div class="flex flex-row-reverse">
        <time datetime="2025-11-24T06:00:06+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">November 24, 2025 06:00</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=2025-11-24+06%3A00%3A06+%2B1100&amp;last_position=1740"></a>
</template></turbo-stream>
