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      <image:title>Market Insights - She’ll be alright…won’t she?</image:title>
      <image:caption>Source: Bloomberg, Human Financial, as at 30th April 2026. *Ranked monthly return against index's own history over past 30 years or since inception.</image:caption>
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      <image:title>Market Insights - The attractive illusion of cheap markets</image:title>
      <image:caption>Figure 1. S&amp;P 500 Valuation</image:caption>
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      <image:title>Market Insights - The attractive illusion of cheap markets</image:title>
      <image:caption>Figure 2. ASX 200 Valuation</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/690d262ebb21105f55195758/ca90688a-e6b2-4ace-a849-e03cea3cfd85/Figure+3.+S%26P+500+quarterly+EPS+and+P%3AE+Changes++.webp</image:loc>
      <image:title>Market Insights - The attractive illusion of cheap markets</image:title>
      <image:caption>Figure 3. S&amp;P 500 quarterly EPS and P/E Changes</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/690d262ebb21105f55195758/1dd3a18b-c95a-4789-993f-cc2c2414de13/Figure+4.+ASX+200+quarterly+EPS+and+P%3AE+Changes++.webp</image:loc>
      <image:title>Market Insights - The attractive illusion of cheap markets</image:title>
      <image:caption>Figure 4. ASX 200 quarterly EPS and P/E Changes</image:caption>
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      <image:title>Market Insights - The attractive illusion of cheap markets</image:title>
      <image:caption>Figure 5. S&amp;P 500 EPS – then and now</image:caption>
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    <loc>https://www.trellancapital.com.au/market-insights/geopolitical-risk-is-a-constant-in-markets</loc>
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    <priority>0.5</priority>
    <lastmod>2026-06-09</lastmod>
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  <url>
    <loc>https://www.trellancapital.com.au/market-insights/why-ai-feels-like-dot-com-dj-vu</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-06-09</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/690d262ebb21105f55195758/1c6268ff-10f3-4777-879f-630a03616f06/1996-2002%2C+US+internet+usage+increased+from+16-59%25+of+population+while+tech+stocks+rallied+hard+then+plummeted</image:loc>
      <image:title>Market Insights - Why AI feels like dot-com déjà vu</image:title>
      <image:caption>Source: Bloomberg, Human Financial, as at 30th April 2026. *Ranked monthly return against index's own history over past 30 years or since inception.</image:caption>
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  <url>
    <loc>https://www.trellancapital.com.au/market-insights/glittering-gold-offsets-market-optimism</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-06-09</lastmod>
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    <loc>https://www.trellancapital.com.au/disclaimer</loc>
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    <priority>0.75</priority>
    <lastmod>2026-06-02</lastmod>
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    <lastmod>2026-06-09</lastmod>
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      <image:title>Trellan Capital</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/690d262ebb21105f55195758/041b2ba0-6dab-498c-a953-544d52a776e1/Akhil.jpg</image:loc>
      <image:title>Trellan Capital</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/690d262ebb21105f55195758/0a1787a0-f594-44e6-ae46-a1f1f3a3f2fa/Lynn.jpg</image:loc>
      <image:title>Trellan Capital</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/690d262ebb21105f55195758/0e70e619-d9b4-4af8-a29c-6d3a0f9bbcdd/Angelo+New.jpg</image:loc>
      <image:title>Trellan Capital</image:title>
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