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          <time datetime="2025-12-05T09:30:22+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">December 05, 2025 09:30</time>
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              No miners? &quot;You&#39;re missing out&quot;, says Fist. Plus 2 ASX names to get you started
            </h2>
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  With the sector rallying 26% this year, two small caps stand out for their potential to outperform the next leg.
</div>

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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Firefly Metals Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Firetrail Aust Small Companies Fund - Active ETF</div>
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              MI6 spies opportunities for more growth after whopping gold resource increase
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  Gorilla Gold to unveil a resource increase; CZR emits a strong discovery odour;  Genesis highlights gold sector’s lucrative cash generation.
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Gorilla Gold Mines Ltd</div>
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              Gravity versus reality for global shares
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  Global share prices had a rollercoaster ride in November.  The ‘bears’ were briefly dominant with concerns over AI exuberance and expensive Forward Price to Earnings...
</div>

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              Can AI justify the current capex boom?
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  AI is driving a record capex boom, yet the payoff is uncertain. Can today’s trillions be justified? 
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        Swell Asset Management
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              Hyperion dismisses AI bubble fears, backs 25% earnings growth
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              UBS forecasts ASX at 8,900 in 2026 and flags the biggest EPS winners
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  UBS expects the ASX to rise on earnings strength, with mining, consumer and industrials driving the strongest growth.
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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>Contrarian investing in a world drowning in AI slop (plus 2 oddball stock <span class="whitespace-nowrap">ideas)<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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  Alec Cutler says markets are fairer, more fun and full of idiosyncratic opportunities that contrarians have waited a decade to see return.
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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: 5 Dogs of the ASX and their prospects for <span class="whitespace-nowrap">2026<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">
  Ten Cap&#39;s Jun Bei Liu and Atlas&#39; Hugh Dive rummage through the ASX bargain bin, hunting for beaten-up stocks set to bounce.
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          <div class="sm:flex-grow">
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              The problem with exponentials
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The difference between AI that can handle two-hour tasks vs. multi-week tasks isn&#39;t just more capacity. It&#39;s a new economic reality. 
</div>

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        Fat Tail Investment Research
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              2 ASX ETFs Bell Potter backs for emerging markets exposure
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  With emerging markets attractively valued, savvy Australian investors have a timely entry point into relatively inexpensive growth assets.
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              Rupee weakness in 2025
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The weakness of the INR in 2025 presents a double-edged sword for investors and a boost for Indian exporters.
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              4 ASX stocks with 2x potential, according to brokers
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  These speculative stock plays are all rated a Strong Buy and have consensus price targets with more than 100% upside. 
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              Shoot you down
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  US labour market weakening in line with Fed forecasts.
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        BNP Paribas Asset Management
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              A new dawn for the land of The Rising Sun
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  For decades, Japan sat quietly on the sidelines of global portfolios. Investors would often acknowledge its companies, praise their craftsmanship, brand strength, and...
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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>Why slow growth, sticky inflation and good yields are a boon for <span class="whitespace-nowrap">bonds<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 Australian macro outlook means there&#39;s great risk-adjusted opportunities for fixed income investors at a time when volatility is high. 
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              How much productivity is truly at stake? An economic framework for AI revenue
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  From speed to scale: We size the real AI prize. Does a ~US$630B revenue pool justify the capex boom?
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              AI and the Strengthening of ‘Herd Mentality’: Part 2 of 2
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  This article considers how AI may impact upon decision making under uncertainty thereby increasing the potential for herd behaviour.
</div>

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              Taking Greed Out of ‘Herd Mentality’: Part 1 of 2
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  This article establishes a framework for formulating how information flows impact upon the way investors make decisions under uncertainty.
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              My 11-year-old&#39;s stock picks vs mine: who’s the better investor?
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  A father and son each pick 10 stocks inside their circle of competence. One uses instinct, the other experience. Who wins?
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      +5
</a></div>

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        Livewire Markets
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