Talk Money To Me

IMPORTANT: WTC.ASX at the time of recording 10th February 2026 is trading between $47 and $50

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What does 2026 really look like for investors?

In this first episode back for 2026, Talk Money To Me hosts Felicity Thomas and Candice Bourke break down what’s actually driving markets beneath the surface using institutional insights from global strategy teams across equities, credit, derivatives and China.

Markets may be broadening, but risks are shifting and in this episode we unpack what that means for portfolios.

• Why markets feel calmer but may actually be more fragile in 2026
• The rotation away from the US and why China and Europe are back in focus
• The next phase of the AI trade — and why it’s moved beyond mega-cap tech
• How to think about copper, infrastructure and electrification as AI enablers
• Why private credit and high yield could be the hidden risk this year
• Why Europe, particularly banks and credit, is quietly well positioned
• The key 2026 market catalysts to watch — from China’s NPC to US midterms
• How UBS’s “10 Surprises” framework is already playing out in markets
• What Felicity and Candice are actually doing in portfolios as a result

2025 was about chasing what worked.

2026 is about positioning for what’s coming next.

This podcast is for general information only and does not take into account your personal objectives, financial situation or needs.

While Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Limited (AFSL 236048), the information discussed in this podcast does not constitute personal financial advice or a recommendation to buy or sell any financial product.

You should consider whether the information is appropriate for you and seek independent professional advice before making any financial decisions.

Information is current as at the time of recording: 4th February 2026

If you’d like to discuss any of the themes covered in this episode or understand how they may apply to your portfolio:

• Visit: www.cftgroup.com.au
• Or get in touch with Felicity Thomas or Candice Bourke [email protected]

Follow Talk Money To Me on Spotify or Apple Podcasts, and share this episode with someone who loves their markets, macros and long-term investing conversations.

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It’s the most wonderful time of the year, and our favourite annual tradition! Candice & Felicity are joined once again by Shaw and Partners CIO, Martin Crabb, to unpack the Top 10 Investment Themes for 2026 in this festive, market-moving Christmas special.

This year, we’ve wrapped each theme in a Christmas-themed jingle, while Martin delivers deep insights on the macro landscape, AI acceleration, geopolitics, EM vs China divergences, private markets, and the big question: where should investors be positioned for 2026?

We also look back at Martin’s 2025 predictions including nuclear’s standout performance with a candid “Crystal Ball Review”, covering PDN, TLX and IDP’s 12-month results.

Finally, Martin reveals his #1 high-conviction pick for 2026, tied directly to one of his top themes for the year ahead.

This episode is packed with insights, laughter, Christmas spirit… and a few questionable vocal performances from your favourite financial advisers.

IN THIS EPISODE 

 The 10 themes shaping global markets in 2026

 Bond markets: why they’re still “shark-infested waters”

 How Trump’s “3 Ds” (DOGE, Deregulation & Drugs) shape US opportunities

 AI infrastructure: the second-derivative winners

 Europe’s surprising revival

 EM vs China: where the winds are actually turning

 Private markets unlocking liquidity

 IPO & M&A activity making a comeback

 Martin’s 2025 “crystal ball review” — PDN, TLX, IDP

 Martin’s top investment pick for 2026

This episode is for informational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and do not take into account individual circumstances. Always seek professional advice before making investment decisions. Information is current as of the recording date (10 December 2025).

📧 Contact us:

[email protected]

[email protected]

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Black Friday panic, Christmas chaos… and a derivatives-led global equity sell-off. In this episode of Talk Money To Me, Candice and Felicity zoom out from the noise and share six major investment themes set to shape portfolios in 2026 plus the ETFs, sectors and stocks they’re watching right now.

Recorded on 25 November 2025 following a sharp but non-fundamental global equity pullback driven by CTAs, futures activity and a VIX spike, the pair break down why retail investors have been buying the dip, not selling it and why the medium-term setup for equities remains constructive.

They then reveal their 2026 Playbook, covering:

⭐ Theme 1 – Mid-Duration Fixed Income & Floating Rates

Why the 3–5 year part of the curve, senior bank notes, floating-rate notes and diversified bond ETFs (like MQSD) are compelling defensive anchors heading into an uncertain rate environment.

🔌 Theme 2 – The Great Energy Upgrade

AI power demand, electricity grid strain and the resurgence of LNG and nuclear. Featuring WDS, uranium via URNM/ATOM, BOE, PDN and enrichment play SLX.

🤖 Theme 3 – The Critical AI Value Chain

The backbone of AI: semis, cooling, power, data centres and transmission. With names including NVDA, AVGO, VRT, SMCI, ASML, TSMC, EQIX, DLR, NXT and ETFs GXAI and NDQ.

🧬 Theme 4 – Disruptive Science & Healthcare Re-Rating

GLP-1s, radiopharmaceuticals and gene editing. Opportunities across CSL, TLX, Novo Nordisk, Eli Lilly and ETFs DRUG, CURE, ARKG and IXJ.

⚙️ Theme 5 – Critical Minerals & Strategic Commodities

Copper shortages, rare earth dominance and long lead-time supply constraints. Ideas include ACDC, COPX, BHP, LYC and ILU.

🌍 Theme 6 – Global SMID & Quality Rotation

One of the most compelling under-the-radar opportunities of 2026. Exploring valuation gaps, historical outperformance and quality SMID exposures.

If you’re planning your 2026 portfolio strategy, this episode is your end-of-year roadmap across bonds, AI, energy, commodities, healthcare and global SMIDs.

⚠️ Disclaimer

This content is for informational and educational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and have not considered your personal circumstances. Please seek independent professional advice before making any financial decisions. Information is current as of the recording date (25 November 2025).

📧 Contact us:

[email protected]

[email protected]

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In this episode of Talk Money To Me, Candice Bourke and Felicity Thomas take you through the biggest forces shaping markets right now — from renewed AI scrutiny, sticky inflation, and shifting interest-rate expectations, to Australia’s new era of resource reinvention. We break down the key macro trends, the sector winners and losers, and the commodities powering the next decade of global growth.

What we cover in this episode:

Market Pulse: AI Growing Pains & Macro Cross-Currents

• Why “beats not rewarded” is back this earnings season
• AI infrastructure’s funding tension: $13B revenues vs $1.4T spend commitments
• Labour softness vs strong corporate earnings
• Fed & RBA rate-cut expectations into late-2025/2026
• Why investors are shifting to quality, income and pricing power

The Big Commodity Themes to Watch

• Copper: AI, EVs and renewables doubling demand by 2035
• Uranium: the fuel behind decarbonisation and AI-driven energy demand
• Rare Earths: the strategic backbone of defence, EVs and wind
• Gold: outperforming the S&P 500 as a “store of trust”

⚠️ Disclaimer:

This content is for informational and educational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and have not considered your personal circumstances. Please seek independent professional advice before making any financial decisions. Information is current as of the recording date (11 November 2025).

📧 Contact us: [email protected] or [email protected] for our latest research monitor

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In this episode of Talk Money To Me, Candice Bourke sits down with Jeff Cullen, Managing Director at Schafer Cullen Capital Management, to unpack what’s really driving global equity markets right now from the resurgence of value investing to the opportunities unfolding in AI, electrification, and global income strategies.

With over three decades of experience across Wall Street and global fund management, Jeff shares invaluable insights into:

🏦 The rebirth of global value investing — and what’s fuelling the rotation away from growth

💶 Europe’s trillion-euro fiscal stimulus — creating long-term structural tailwinds

🌍 Global macro shifts — the implications of Trump’s policies, U.S. dollar weakness, and trade tensions with China

⚡ Electrification leaders — how dividend-paying giants like Toyota, Siemens, and Enel are powering the energy transition

🤖 AI meets value — why artificial intelligence is no longer just a growth story

🏗️ Onshoring momentum — supply-chain shifts, protectionism, and where the next wave of opportunity lies

💰 Jeff’s best buy idea — his top conviction call in the current market environment

This conversation ties directly into the Shaw and Partners Global Equity Income Strategy, managed in partnership with Schafer Cullen Capital a concentrated global value portfolio targeting above-market yield and long-term income growth.

🎧 Tune in to hear how disciplined value investing, global diversification, and sustainable dividends are shaping opportunities for income and growth in 2025 and beyond.

⚠️ Disclaimer:

This content is for informational and educational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and have not considered your personal circumstances. Please seek independent professional advice before making any financial decisions. Information is current as of the recording date (24 October 2025).

📧 Contact us: [email protected] or [email protected]

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In this episode of Talk Money To Me, Candice Bourke and Felicity Thomas dive into one of the most significant financial shifts of our time — the intergenerational wealth transfer.

Over the next 25 years, trillions of dollars will move from one generation to the next, and the way families plan for this transition will determine whether that wealth endures or disappears.

Joining them is Glen Frost, Partner in PwC’s Private Clients team and leader of PwC’s Australian Family Office practice. With over three decades of experience advising business owners, entrepreneurs, and family offices, Glen shares invaluable insights on how to protect, structure, and pass on wealth effectively.

They unpack:

💰 The staggering scale of Australia’s upcoming wealth transfer

⚖️ Why 70% of family businesses fail to make it past the second generation

🏠 Common estate and superannuation pitfalls to avoid

👩‍👧 The growing role of women in managing and inheriting wealth

🧭 How to engage and prepare the next generation for leadership and ownership

🤝 The importance of trust, communication, and early planning

Whether you’re a parent, business owner, or future inheritor, this conversation will help you understand what it really takes to build a lasting legacy and why now is the time to start the conversation.

⚠️ Disclaimer:

This content is for informational and educational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and have not considered your personal circumstances. Please seek independent professional advice before making any financial decisions. Information is current as of the recording date (1 August 2025).

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In this episode of Talk Money To Me, Candice Bourke and Felicity Thomas sit down with David Franklyn, Fund Manager of the Argonaut Natural Resources Fund, to explore the next resource cycle and the potential mining boom in 2025.

We dive into:

• ✨ Gold outlook – still glittering for investors?
• 🔋 Lithium – is the bear market finally over?
• ⚡ Copper demand – the “metal of electrification” powering the energy transition.
• ☢️ Uranium – nuclear’s comeback and supply/demand tailwinds.
• 🌏 Tariffs & trade – risks vs opportunities for Australian miners.

The Argonaut Natural Resources Fund has returned 24.9% p.a., outperforming the ASX 300 Resources Index. David shares his investment strategy, portfolio themes, and outlook as we head deeper into the 2025 resource cycle.

📧 Contact us: [email protected]

🔗 Learn more: argonautfundsmanagement.com

⚠️ Disclaimer:

This content is for informational and educational purposes only and does not constitute financial advice. Candice Bourke and Felicity Thomas are authorised financial advisers with Shaw and Partners Limited (AFSL 236 048). The views expressed are general in nature and have not considered your personal circumstances. Please seek independent professional advice before making any financial decisions. Information is current as of the recording date (21 August 2025).

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Talk Money To Me, Candice Bourke and Felicity Thomas sit down with Shaw and Partners Senior Research Analyst Philip Pepe to unpack Australia’s industrial sector following the FY25 reporting season.

We cover:

• Key reporting season takeaways across the ASX industrials sector
• How companies are navigating inflation, rising costs, and the energy transition
• Strong results from Southern Cross Electrical (SXE), Tasmea (TEA), SRG, and IPD Group (IPG)
• The outlook for engineering services, infrastructure, and data centres
• Emerging clean energy opportunities across Calix (CXL) and Hazer Group (HZR)
• Philip’s top stock picks for 2026 and how investors should be positioning now

👉 If you want to understand how the Australian industrials sector is being reshaped by themes like engineering services, infrastructure growth, data centres, and the energy transition, this conversation is not to be missed.

Reach out to us for Philip’s full research or tailored advice: [email protected]

General Advice Disclaimer:

The information in this podcast is general in nature and does not take into account your personal objectives, financial situation, or needs. It is not financial product advice and should not be relied upon as such. Before making any investment decision, you should consider the appropriateness of the information having regard to your personal circumstances and seek professional advice. Past performance is not a reliable indicator of future performance. Facts and opinions discussed are based on information available at the time of recording (3 September 2025). For personal advice tailored to your situation, please contact your financial adviser. The hosts of this podcast and their guests may hold positions in the companies discussed. Talk Money To Me operates under the Shaw and Partners AFSL 236048.

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The Australian technology sector is running hot — the S&P/ASX All Technology Index has surged more than 35% over the past 12 months. In this episode of Talk Money To Me, Felicity Thomas sits down with Jules Cooper, Senior Research Analyst at Shaw and Partners, to unpack the latest reporting season and explore what’s next for Aussie tech.

We cover:

• 📈 Key earnings highlights from Life360, Technology One, WiseTech and Nuix
• ⚠️ Misses and risks investors should keep front of mind
• 🧮 Jules’ research framework and “Cash EBITDA” lens
• 🤖 Enterprise AI adoption and the $400B+ AI data centre arms race
• 💡 Top stock ideas for 2026: Objective Corp, Gentrack, Hansen Technologies, Vista Group & Chrysos
• 🌏 Whether Australia has another WiseTech-style global champion in the making

This episode is packed with insights for anyone investing in or following Australia’s fast-evolving technology sector.

👉 To request a copy of our latest Research Monitor or details on the stocks mentioned, reach out via [email protected] or [email protected].

Here are the ASX-listed company codes (tickers) for the shares mentioned in our episode:

• Life360 – 360.ASX
• Technology One – TNE.ASX
• WiseTech Global – WTC.ASX
• Nuix – NXL.ASX
• Hansen Technologies – HSN.ASX
• Objective Corporation – OCL.ASX
• Gentrack Group – GTK.ASX
• Vista Group – VGL.ASX
• Chrysos Corporation – C79.ASX

This podcast is intended for education and entertainment purposes only. Any advice is general in nature and has not taken into account your personal financial circumstances, needs, or objectives. Before acting on any advice, you should consider whether it is appropriate for you and read the relevant product disclosure statement. If you are unsure, please consult a licensed financial professional.

The hosts of this podcast and their guests may hold positions in the companies discussed. Talk Money To Me operates under the Shaw and Partners AFSL 236048.

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