On the big days of this month’s earnings season, The Australian Financial Review’s Chanticleer columnists James Thomson and Anthony Macdonald extract the gold from the key profit results.

JT: The global equity market rally that began at the end of October has already been good to investors in Regal Partners, pushing the alternative asset manager’s stock up 56 per cent. But the prospect of lower interest rates and better conditions for the small- and mid-cap stocks that Regal specialises in picking should give the company extra momentum coming into 2024.