Nucleus Research and Insights

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines whether CoreWeave could be the canary in the coal mine for the AI boom — as mounting debt, soaring borrowing costs, and questions over future returns put pressure on one of the industry’s key infrastructure ...

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, is joined by Cameron Murray of Fresh Economic Thinking to challenge one of the biggest assumptions about Australia’s ageing population — that more retirees inevitably mean fewer workers supporting more dependants. We ...

Cryptocurrency in a Self-Managed Super Fund (SMSF) gets plenty of headlines. Some trustees view digital assets as a high-growth speculative play. Others view them as an inflation hedge.

September was all about the bond market. The US Federal Reserve raised rates for the first time since 2023, the Reserve Bank of Australia lifted the cash rate to 4.60%, and the US 10-year Treasury yield jumped from 4.8% to 5.3%, its highest level since 2007. Oil added to the pressure: Brent rose ...

For decades, the 60/40 portfolio was one of investing's simplest solutions. Hold 60% in shares for growth and 40% in bonds for stability. When shares struggled, bonds were often there to cushion the blow.

After speaking with Martin North about the Australian housing market, his key point was: there is no single Australian property market. National house-price figures can give us a useful headline, but they can also hide very different conditions between suburbs, cities and household types. The more ...

The global defence landscape is undergoing a structural shift. Escalating geopolitical friction, soaring national security budgets, and rapid technological adoption have pushed defence and technology stocks back into the core investment conversation.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores how direct indexing can give investors more control over their portfolios — allowing you to choose the companies you own, manage your exposure to different themes, and tailor your investments around your own ...

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, is joined by Martin North of Walk the World and DFA Live to uncover where Australia’s housing downturn is hitting hardest. We look beyond the national numbers to identify the suburbs and postcodes seeing the biggest ...

Investment risk is complicated. It includes the risk that earnings fall, margins collapse, tenants leave, interest costs rise, debt cannot be refinanced, an asset needs unexpected expenditure, or that you simply paid too much in the first place. Yet much of the investment industry boils all of this ...

I have been struck by how difficult it has become to answer a seemingly simple question: how much oil is actually available to the global market? During a normal period, inventories, tanker movements and production figures give investors a reasonably clear picture of supply and demand. During an ...

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines just how bad the Middle East oil shock could get — as disruptions spread beyond the Strait of Hormuz and oil prices climb above $100 a barrel. We explore how much global supply is really at risk, what ...

For most of my career, government debt has been treated as a problem to be managed. Politicians talked about balancing budgets. Treasurer speeches revolved around surpluses. Credit rating agencies mattered. Governments that overspent were expected to pay a political price.

In August, the macroeconomic narrative shifted as surging U.S. Treasury yields challenged the unbridled momentum of the tech boom. With the 10-year Treasury yield climbing rapidly toward 4.7% and the looming threat of a super El Niño reviving inflation fears through agricultural and supply chain ...

Australia’s housing market is undergoing a significant correction, and the evidence increasingly suggests that the decline has further to run. House prices have already fallen rapidly across the major capital cities, but the combination of higher interest rates, weaker investor demand, slowing ...