ABC Newcastle Mornings – Global Volatility, AI Disruption and the Reporting Season
I joined Paul Turton on ABC Newcastle Mornings to discuss the recent volatility in global markets, driven by U.S. tariffs, political uncertainty and rapid developments in artificial intelligence (AI). I explained that because the U.S. represents around 30 to 40 per cent of global market capitalisation, what happens there inevitably affects Australia, and heightened uncertainty is making investors less willing to pay elevated valuations. We also discussed how there are more efficient AI models emerging from China and how this could challenge the heavy data centre investment that is underway in the U.S.
Being reporting season, we also discussed one standout, CBA who reported a $5.5 billion half-year profit which suggested that despite high interest rates, credit quality has been good.
You can listen to the full segment from 31:27 here: ABC Newcastle Mornings
Disclaimer:
The Montgomery Fund and the Australian Eagle Equities Fund owns shares in Commonwealth Bank of Australia. This article was prepared 24 February 2026 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 Commonwealth Bank of Australia, 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.
