Earnings Season 2024: Valuation, AI and the Global Bid for US Equities

Executive summary for Australian investors Second-quarter 2024 earnings are beating expectations, yet share prices are stalling on valuation…
Sequence-of-Returns Risk: Why Flexible Spending Beats Glide Paths and Cash Buckets

Executive summary for Australian investors Ben Felix, CIO at PWL Capital, argues that the widely-feared “sequence-of-returns risk” is better…
The Hidden Uncertainties in Historical Market Returns

Why Historical Market Data Isn’t as Reliable as You Think Long-term stock market charts often depict a steady upward trajectory, reinforcing…