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              The 6 phases of the AI investment boom: Where are we now?
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Token usage for Chinese AI models is surging. JP Morgan says that doesn&#39;t mean the US models are losing but it does change the economics.
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          <time datetime="2026-10-17T22:14:24+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">October 17, 2026 22:14</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%] ">
              Eight temptations of market lore #1
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  The S&amp;P 500’s CAPE is second only to the dot-com peak. But is the US market as expensive as it says?
</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>Who wants to be a millionaire? Apparently, almost every Livewire <span class="whitespace-nowrap">reader<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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  DP Wealth&#39;s Andrew Wielandt unpacks our retirement survey of 1,400+ readers and shares six ETF picks spanning growth, dividends and bonds.
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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>30-Year Investor: What everyone gets wrong about the property <span class="whitespace-nowrap">cycle<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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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Andrew Parsons says there is no silver bullet to solve Australia’s housing affordability crisis.
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        Livewire Markets
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          <div class="sm:flex-grow">
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              Silver lining in bond market carnage
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Bond markets have thrown a spanner in the works of portfolio construction but it&#39;s not all bad news. 
</div>

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  <div id="profile-link" class="text-heavy-sm md:text-heavy-md text-darkestgray">
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      <div>
        Montgomery Investment Management
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              The ASX is flat, so why does it feel like a bear market?
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  Flat on the surface, a stealth bear market underneath. 71% of All Ords stocks sit more than 20% below their 52-week highs.
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              Why ETF Shares is launching a fund to capture the &quot;other half&quot; of the AI story
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  Data centre stocks just had their worst week in months. William Taylor explains why ETF Shares is launching a data centre ETF anyway.
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              AWS revenue upside: Cost-curve analysis vs Wall Street forecasts
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  Mining analysts have used cost curves for decades. Applied to AWS, the same tool points to a revenue path well above what Wall St. expects.
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        Montaka Global Investments
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              Beyond the hype: AI&#39;s quiet payoff in &#39;boring&#39; businesses
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  While markets focus on AI builders, established businesses putting AI to work are seeing real benefits that often go overlooked.
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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%] ">
              Resilient growth underpins our overweight position to international equities
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Despite AI concerns and elevated valuations, strong earnings and supportive economic conditions continue to favour global equities.
</div>

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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%] ">
              Large caps look expensive. The small caps opportunity and five to watch
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Inflation and rising rates can be tough for small caps, but there’s more to the story according to Forager’s Steve Johnson.
</div>

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              Kaoko carry-on shouldn’t cloud an exciting copper discovery
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  Plus, Sunstone now too big to ignore, fuelling renewed corporate talk as former SolGold chief increases his stake to 11%.
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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: Are the moats around these 4 ASX stocks still holding? (Plus 2 the pros say <span class="whitespace-nowrap">are)<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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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  High returns, pricing power and balance sheet strength. Henry Jennings and Rudi Filapek-Vandyck test whether these wide moats are intact. 
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              Singapore&#39;s VCC: A growing challenger to Europe&#39;s UCITS fund structure
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  For managers who don&#39;t need European retail distribution, Singapore&#39;s VCC offers a leaner, cheaper alternative — and it&#39;s growing fast.
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        Janah Capital - ICM Global Funds
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              ASX data centre stocks - which are a Buy?
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  Goldman Sachs says ANZ AI demand is growing and the region is a good investment case for the ongoing AI hyperscaler data centre buildout.
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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>SoftBank CEO Masayoshi Son: Superintelligence, AI Investing, and the Future of <span class="whitespace-nowrap">Robotics<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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  At 17 years old, Masayoshi “Masa” Son saw his first photo of a microprocessor and started crying on the street. He knew it would change the future of mankind. Fifty...
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              France&#39;s bond market is in trouble. Here&#39;s what Australian investors need to know
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Decades of deficit spending, a looming election and a perfect storm for bond markets. Why France is the latest fixed income flashpoint.
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              Sticky inflation, but an October hike remains unlikely
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  There&#39;s arguably not enough to force the Fed&#39;s hand on a rate rise this month, but hikes are likely going forward.  
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        Principal Asset Management
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              A nation of investors: ASX CEO reveals how 11.5 million Australians are investing
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  More Australians are investing than ever before, according to the new ASX study. Here are the key takeaways. 
</div>

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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full max-w-[60%] ">
              <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>4 ASX small caps to back in a market that&#39;s looking <span class="whitespace-nowrap">away<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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            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  NAOS CIO Sebastian Evans names four lesser-known stocks and explains why an emptying small-cap market may be the opportunity. 
</div>

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      <div>
        Livewire Markets
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