Editor’s Pick

I joined Juliette Saly on Ausbiz to discuss rising U.S. bond yields and what higher interest rates could mean for markets. We also explored growing U.S. government debt, competition for capital from the artificial intelligence (AI) infrastructure boom, and the warning signs to watch across mortgages, highly leveraged companies and credit markets.

Watch here: The $40 trillion debt problem facing U.S. markets 

by Roger Montgomery Posted in Economics, Editor's Pick, Insightful Insights, Investing Education, Market commentary, TV Appearances.

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In recent months, the chart shown in Figure 1., has been doing the rounds, inspiring fear among some observers that a stock market crash is imminent. continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Global markets, Insightful Insights, Investing Education, Market commentary, Market Valuation.

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In this video, I discuss why we see the build-out of AI in Australia as an investable opportunity, from the infrastructure supporting it to the businesses positioned to benefit. I also explain our approach to investing early, starting with smaller positions and increasing exposure as potential winners emerge.

by Gary Rollo Posted in Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Market commentary, Popular, Small Caps, Video Insights.

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In my recent article for The Australian, I explore the growing competition for capital between the U.S. government and the artificial intelligence (AI) boom. As government borrowing and AI infrastructure spending accelerate, the resulting pressure on bond yields could reshape the investment environment, with important implications for equity valuations and long-duration growth stocks.

Download the article here: A new battle for cash has begun – and it could sink stocks

by Roger Montgomery Posted in Economics, Editor's Pick, In the Press, Insightful Insights, Investing Education, Market commentary, Popular, Technology & Telecommunications.

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In this video, I discuss why Megaport (ASX: MP1) has become one of our highest-conviction holdings, including its position in AI infrastructure, differentiated data centre strategy and potential to benefit from growing demand for AI inference.

Disclaimer: The Montgomery Small Companies Fund owns shares in MP1. This video was prepared 14 September 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 MP1, you should seek financial advice.  continue…

by Gary Rollo Posted in Companies, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Manufacturing, Market commentary, Market Valuation, Popular, Small Caps, Stocks We Like, Video Insights.

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In my latest article for The Australian, I look at the growing pressure facing Australian homeowners as rising living costs, higher interest rates and mortgage repayments stretch household budgets. With mortgage stress at its highest level in 18 years, I explore the economic pressures behind the figures and what they could mean for households if conditions remain challenging.

Download the article here: Homeowners pay the high price of Labor’s fiscal mismanagement continue…

by Roger Montgomery Posted in Economics, Editor's Pick, In the Press, Market commentary, Property.

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For investors who still think of NRW Holdings (ASX:NWH) as simply a mining contractor, the Financial Year 2026 (FY26) result provides a useful reason to update that view. NRW has developed into a much broader Australian industrial contracting business, providing contract mining, drill-and-blast, engineering, and civil construction services to resources and infrastructure customers. Its activities span Civil, Mining, Minerals, Energy & Technologies and, following the acquisition of Fredon, a growing range of infrastructure-related work. Its exposure now stretches across mining, public infrastructure, data centres, defence, health and renewables. continue…

by Roger Montgomery Posted in Companies, Economics, Editor's Pick, Energy / Resources, Small Caps, Stocks We Like.

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Codan (ASX:CDA)  is an Australian technology company that designs, develops, manufactures and markets communications and metal-detection equipment. Its two main operating segments are Communications and Metal Detection. Within those businesses sit brands and operations including DTC, Zetron and Minelab, giving Codan exposure to tactical and defence communications, unmanned systems, public-safety communications and gold detection. continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Manufacturing, Market commentary, Market Valuation, Popular, Small Caps, Stocks We Like.

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On Ausbiz today, I discussed why the artificial intelligence (AI) boom may be reaching a crossroads. I looked at the enormous capital being deployed by hyperscalers, falling free cash flow and rising depreciation, and why growing competition and higher funding costs could make it increasingly difficult for these companies to generate sufficient returns on their AI investment.

Watch here: The AI spending spree investors should fear

by Roger Montgomery Posted in Economics, Editor's Pick, Insightful Insights, Investing Education, Market commentary, Market Valuation, Technology & Telecommunications, TV Appearances.

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The Financial Year 2026 (FY26) reporting season has concluded with corporate Australia in considerably better shape than many had feared.

Before getting too excited, however, it’s worth noting corporate Australia may not be in as good shape as the headline numbers suggest.

Aggregate profits rose by around 11.6 per cent.  Excluding mining and energy, however, the increase was just 5.3 per cent. Only 36 per cent of companies beat earnings expectations, below the historical average of about 40 per cent. Meanwhile, analysts have been cutting FY27 forecasts. continue…

by Roger Montgomery Posted in Companies, Economics, Editor's Pick, Feature Article, Insightful Insights, Investing Education, Market commentary, Market Valuation, Small Caps, Stocks We Like.

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