Markets have stabilised after a sharp repricing triggered by the RBA’s renewed hawkish stance. This is not a liquidity-driven bounce. It is a selective recovery, where capital is flowing back with intent, favouring balance sheet strength, pricing power and businesses able to operate under sustained restrictive policy settings. Models reliant on cheap funding or distant cash flows remain under pressure.In our latest Investor Pulse Update, we explain why leadership has re-emerged in materials, financials and ...