I’m pleased to announce that Simonelle Mody will be taking over as the new Firstlinks’ editor.
Throughout the process of finding a new editor I’ve been thinking a lot about Graham and James. I wanted to find an editor who respected what they built and who was bold enough to ensure that Firstlinks continues to support the evolving needs of investors in ...
For decades, the investment community operated under a comfortable assumption. By blending a dominant share of growth assets with a fixed sleeve of government bonds, diversification was expected to automatically smooth out market turbulence. It was a beautifully simple framework, rooted in the predictable inverse relationship between corporate ...
If we stop the clock on 2026, the fixed income story of the year is undoubtedly higher yields. Government bond yields in Australia and around the world have been moving upwards in response to higher inflation, with the mid-east war and higher oil prices adding fresh momentum. In Australia, the 3-year government bond yield has pushed out ~30bps since ...
Australia not long ago was a world-beater on global stock markets. Now it’s lagging other nations, with even once steadfast names on the slide. Meanwhile, the US economy and markets look attractive and dynamic. Is it time to revisit your global equity allocation?
This is a question many investors have been asking as sentiment around the Australian ...
Every week, investors ask some version of the same question: Are we in a bubble?
It's a reasonable question. Stock markets have been at elevated valuations. Geopolitical tension is real. Interest rates remain high by recent historical standards. There's plenty to feel nervous about.
But that question – is there a stock market bubble? – may be the wrong ...
The ABC recently ran a series asking what, if anything, governments can do about high inflation beyond simply relying on the Reserve Bank to raise interest rates (a policy tool that every knows is cruel and unusual).
One idea that gets floated is using the GST as an active stabilisation tool, automatically increasing the GST when inflation rises, and ...
SpaceX’s long anticipated IPO went smoothly. The shares opened above the offering price before finishing its debut knock 19% higher. Heavy subscription by institutions and retail investors meant allocations were slim, leading to strong demand once shares began trading.
SpaceX (SPCX.NAS) is now the 6th-largest US listed company, exceeding Tesla in terms ...
The government has consistently sought to minimise the impacts of the CGT changes on small businesses.
The Small Business Minister Anne Aly has stated that about 90% of small businesses would experience "absolutely no impact"[1] from the CGT changes.
The Prime Minister asserted that “Now, 90% of small businesses in Australia are eligible for these ...
As someone who grew up in the New York area I’ve savoured the Knicks season which ultimately ended with a championship on Sunday.
Over the past several weeks the Knicks have brought a good deal of joy to my life.
I’ve reconnected with mates from high school who I don’t talk to often enough.
I’ve experienced the gambit of emotions that comes from ...
The conflict in the Middle East, along with developments in artificial intelligence and its potential impact on existing business models, has led to a repricing of many securities in recent months, particularly in mid and small capitalisation companies.
Following several years of strong performance, the mood has changed from optimism to extreme ...
It’s official: the world stock market is now as wild as it was during the tech-stock bubble. Since April 2026, we’ve had epic levels of return dispersion. AI excitement is driving extreme price moves, with some large-cap technology stocks up 50% to 100% in a single month. While it’s normal for small-cap stocks to sometimes rise 50% in a month, it’s not ...
Australia’s billionaires increased their wealth by $25.7 billion over the past year such that the 20 richest Australians now boast more wealth than the poorest three million households, says Oxfam Australia.
Source: The Australian Financial Review
In the US, Federal Reserve data shows the richest 1% of Americans owned a record 31.9% of US wealth at the ...
I’m pleased to announce that Simonelle Mody will be taking over as the new Firstlinks’ editor.
Throughout the process of finding a new editor I’ve been thinking a lot about Graham and James. I wanted to find an editor who respected what they built and who was bold enough to ensure that Firstlinks continues to support the evolving needs of investors in ...
For decades, the investment community operated under a comfortable assumption. By blending a dominant share of growth assets with a fixed sleeve of government bonds, diversification was expected to automatically smooth out market turbulence. It was a beautifully simple framework, rooted in the predictable inverse relationship between corporate ...
If we stop the clock on 2026, the fixed income story of the year is undoubtedly higher yields. Government bond yields in Australia and around the world have been moving upwards in response to higher inflation, with the mid-east war and higher oil prices adding fresh momentum. In Australia, the 3-year government bond yield has pushed out ~30bps since ...
Australia not long ago was a world-beater on global stock markets. Now it’s lagging other nations, with even once steadfast names on the slide. Meanwhile, the US economy and markets look attractive and dynamic. Is it time to revisit your global equity allocation?
This is a question many investors have been asking as sentiment around the Australian ...
Every week, investors ask some version of the same question: Are we in a bubble?
It's a reasonable question. Stock markets have been at elevated valuations. Geopolitical tension is real. Interest rates remain high by recent historical standards. There's plenty to feel nervous about.
But that question – is there a stock market bubble? – may be the wrong ...
The ABC recently ran a series asking what, if anything, governments can do about high inflation beyond simply relying on the Reserve Bank to raise interest rates (a policy tool that every knows is cruel and unusual).
One idea that gets floated is using the GST as an active stabilisation tool, automatically increasing the GST when inflation rises, and ...
SpaceX’s long anticipated IPO went smoothly. The shares opened above the offering price before finishing its debut knock 19% higher. Heavy subscription by institutions and retail investors meant allocations were slim, leading to strong demand once shares began trading.
SpaceX (SPCX.NAS) is now the 6th-largest US listed company, exceeding Tesla in terms ...
The government has consistently sought to minimise the impacts of the CGT changes on small businesses.
The Small Business Minister Anne Aly has stated that about 90% of small businesses would experience "absolutely no impact"[1] from the CGT changes.
The Prime Minister asserted that “Now, 90% of small businesses in Australia are eligible for these ...
As someone who grew up in the New York area I’ve savoured the Knicks season which ultimately ended with a championship on Sunday.
Over the past several weeks the Knicks have brought a good deal of joy to my life.
I’ve reconnected with mates from high school who I don’t talk to often enough.
I’ve experienced the gambit of emotions that comes from ...
The conflict in the Middle East, along with developments in artificial intelligence and its potential impact on existing business models, has led to a repricing of many securities in recent months, particularly in mid and small capitalisation companies.
Following several years of strong performance, the mood has changed from optimism to extreme ...
It’s official: the world stock market is now as wild as it was during the tech-stock bubble. Since April 2026, we’ve had epic levels of return dispersion. AI excitement is driving extreme price moves, with some large-cap technology stocks up 50% to 100% in a single month. While it’s normal for small-cap stocks to sometimes rise 50% in a month, it’s not ...
Australia’s billionaires increased their wealth by $25.7 billion over the past year such that the 20 richest Australians now boast more wealth than the poorest three million households, says Oxfam Australia.
Source: The Australian Financial Review
In the US, Federal Reserve data shows the richest 1% of Americans owned a record 31.9% of US wealth at the ...
