ABC Newcastle Mornings – Trump/Musk fallout, LA riots, and the U.S dollar
I joined Paul Turton on ABC NSW Mornings to unpack the public breakup between Donald Trump and Elon Musk, the unrest unfolding in Los Angeles, and the weakening U.S. dollar – and what this all means for Australia investors.
The highly publicised split between Trump and Musk has rattled investor sentiment around Tesla, X and SpaceX – with some even speculating this feud may be strategic and designed to influence share prices. This theory is further supported by the newly coined term TACO (Trump Always Chickens Out) – a label traders have given to Trump’s behaviour of escalating crisis only to backtrack later.
We also touched on the recent U.S. riots and how this is eroding investor confidence in the U.S. government even further. The weakening U.S. dollar, and increasing interest in Bitcoin/gold reflects this loss of faith.
Amid all the noise, investors should stay focussed on high quality companies that will deliver sustainable returns.
Listen to the full segment from 40:46 here.
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.
