Ausbiz – finding resilience in the stock market amid uncertainty
Today on Ausbiz with Juliette Saly, we explored why global stock markets are hitting new highs despite ongoing geopolitical tensions. You’d be forgiven for expecting markets to react negatively given the conflict in the Middle East, rising bond yields, Trump tariffs, and recent interest rate cuts.
Yet, the stock market remains resilient – driven in part by a new cluster of technology giants that analysts are calling MANGO (Meta, Apple, Nvidia, Google, and OpenAI). Unlike previously popularised terms like FAANG (Facebook, Apple, Amazon, Netflix, and Google) which encapsulated technology companies that focused on selling products – this new group is leading a shift toward foundational technologies (think Artificial Intelligence (AI), cloud computing, and semiconductors). One example I touched on is Nvidia who, because of consistent innovation in foundational technology (think, building blocks for hardware/software), have seen their stock up over 200 per cent in the past two years.
The key takeaway? In times of global uncertainty, investors may find more resilience in high-quality, transformative businesses. But as always, thorough due diligence remains essential.
Disclaimer:
The Polen Capital Global Growth Fund owns shares in Amazon, Alphabet, and Microsoft. This article was prepared 24 June 2025 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade any of these companies you should seek financial advice.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
He is also author of best-selling investment guide-book for the stock market, Value.able – how to value the best stocks and buy them for less than they are worth.
Roger appears regularly on television and radio, and in the press, including ABC radio and TV, The Australian and Ausbiz. View upcoming media appearances.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
