Editor’s Pick

Since 2022, we have predicted that small cap stocks, especially those representing innovative businesses with pricing power, would do well in an environment of disinflation and positive economic growth.  continue…

by Roger Montgomery Posted in Editor's Pick, Small Caps.

• 3 Comments
• save this article
• POSTED IN Editor's Pick, Small Caps

One of the most frequently asked questions by investors following Trump’s election victory is: what sectors will do well? While much remains unknowable about Trump’s second term, his “promises made, promises kept” statement during his victory speech suggests not all is a mystery.  continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Market commentary.

• save this article
• POSTED IN Economics, Editor's Pick, Market commentary

As the world watches the U.S. vote, it turns the page on a new and arguably uncertain chapter. I have just read a startling essay about Donald Trump’s character. One marvels at Americans’ willingness to vote for such a person as President. continue…

by Roger Montgomery Posted in Editor's Pick, Global markets, Popular.

• 12 Comments
• save this article
• POSTED IN Editor's Pick, Global markets, Popular

Famed 20^th-century British author Gilbert Chesterton (1874-1936) once observed, “The poor have sometimes objected to being governed badly. The rich have always objected to being governed at all.” continue…

by Roger Montgomery Posted in Economics, Editor's Pick.

• 4 Comments
• save this article
• POSTED IN Economics, Editor's Pick

If you spend enough time embedded in the world of equities and markets, you eventually see it all. Acknowledging the generations of investors before my generation, I am sure there is still more to see and experience. But from the 33-odd years I have been doing this, I like to think there’s a few things I am now able to recognise. continue…

by Roger Montgomery Posted in Editor's Pick, Technology & Telecommunications.

• save this article
• POSTED IN Editor's Pick, Technology & Telecommunications

Nick Scali (ASX:NCK) released a trading update along with first half earnings guidance. Most analysts conclude that the update was a downgrade to the first-half consensus net profit after tax (NPAT); longer-term investors will look beyond the short-term effects of higher freight charges. continue…

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

• 2 Comments
• save this article
• POSTED IN Companies, Editor's Pick, Small Caps, Stocks We Like

It was, for example, wise to be alert to the possibility of a large move lower if volatility emerged after a long rally. And while it has been my experience that volatility does indeed cluster around major turning points, it’s possible I only remember what I want to. continue…

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

• save this article
• POSTED IN Editor's Pick, In the Press, Market commentary

A portrait of Australia’s biggest issues in eight charts. Why eight? – it’s a lucky number of course!

I have put together a concise snapshot of the complex economic challenges shaping Australia today.

continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Property.

• save this article
• POSTED IN Economics, Editor's Pick, Property

That’s a headline designed to capture your attention. If it has done so, it is highly probable that a crash is one of your fears. And for some people with that fear, the concern is great enough that it has impacted their investing outcomes and returns. For example, they may have held off buying shares in a company that subsequently rocketed higher, simply because you feared the market was due for a correction or crash. You may have also sold a stock too early, even though nothing about the company in which you owned the shares had changed. You simply thought some exogenous event would trigger a broad market correction. And, in a more extreme example, you were right in your prediction about the market falling, but the shares you owned continued to climb. continue…

by Roger Montgomery Posted in Economics, Editor's Pick.

• save this article
• POSTED IN Economics, Editor's Pick

Australia is experiencing a population and demographic transformation, with nearly 50 per cent of our population able to claim at least one parent born overseas. George Tharenou of UBS analysed the implications in his recent report entitled “How will a ‘Big Australia’ impact the economy and the ‘intergenerational contract’?” The report dives deep into the effects of Australia’s population boom on the economy, asset prices, productivity, housing, and superannuation. continue…

by Roger Montgomery Posted in Consumer discretionary, Economics, Editor's Pick.

• 3 Comments
• save this article
• POSTED IN Consumer discretionary, Economics, Editor's Pick