Nucleus Research and Insights

October saw a sharp change in market leadership. The S&P/ASX 200 rose 1.4%, while the US S&P 500 fell 0.9% and the Nasdaq Composite lost 5.3%. Investors became more sceptical about the returns on enormous AI spending commitments, rotating towards banks, healthcare, utilities and other ...

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why investors can’t afford to ignore America’s 2026 midterm elections — and how the outcome could reshape the final two years of Donald Trump’s presidency. We explore what a shift in congressional control ...

US midterm elections don’t usually determine the direction of markets on their own. But this time, the result could have an unusually important influence on how much room Donald Trump has to pursue his economic agenda in the second half of his term.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, digs into the financial mess behind AI’s problem children — from mounting debt and soaring infrastructure costs to delayed data centres and projects being put on hold. We examine what the troubles at companies like ...

CoreWeave’s debt problems raise a question that matters well beyond its shareholders: Is Coreweave a loose thread that can be snapped with little damage? Or will it be the thread that unravels the entire fabric of the AI trade? At the moment, I think it is more the former. And my expectation is ...

I recently had a conversation with Cameron Murray about the economics of an ageing population, and some of his arguments challenged the way we usually think about demographics. The common narrative is that an older population means fewer workers, more retirees, and an increasingly unsustainable ...

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 ...