Australian investors have never put so much money into the US market: That's largely because Wall Street stocks have been twice as profitable as ASX investments for years.The question now is how long can it last? In short, it can continue...but the composition of those share returns may change.

Doug Turek of Minchin Moore Private Wealth joins wealth editor James Kirby in this episode.

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In today's show, we cover

• How to play the next phase of the Trump trade
• Defending investment in private markets 
• Gold - the forever buffer ?
• How to replace your bank hybrids