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I joined Jess Maguire yesterday afternoon on ABC Statewide Drive to discuss the sharp fall in the Australian share market, rising U.S. bond yields and the pressure higher rates can place on asset prices. We also discussed inflation and interest rates in Australia, before looking at the risks of company forecasts in isolation and why the combined growth expectations for the artificial intelligence (AI) sector may be difficult to achieve.

Listen from 1:46:38 on ABC Statewide Drive.

by Roger Montgomery Posted in Economics, Insightful Insights, Market commentary, Market Valuation, Radio, Technology & Telecommunications.

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When you hear people talk about U.S. inflation, a popular narrative is the Federal Reserve (the Fed) is essentially powerless. The argument goes that today’s sticky price pressures are almost entirely driven by outside supply shocks – things like new tariffs, volatile energy costs, and bottlenecks in tech hardware caused by the massive artificial intelligence (AI) investment boom. continue…

by Roger Montgomery Posted in Economics, Insightful Insights, Manufacturing, Market commentary, Market Valuation, Technology & Telecommunications.

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This week, I am back with Nicola and Di for our series Over The Money Fence.

This series aims to help you take control of your finances with clarity and confidence. 

In this episode, we go through the fallout from the federal budget and explain why, despite being sold as a win for young Australians, the changes to negative gearing have actually made it harder for first home buyers to get into the market. continue…

by Roger Montgomery Posted in Economics, Investing Education, Market commentary, Market Valuation, Podcast Channel, Property, Technology & Telecommunications.

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It may initially seem a stretch to claim the financial quality of your retirement beyond 2026 might depend on the outcome of some heroic assumptions about Hyperscaler artificial intelligence (AI) cash flows.

But is it?

Equity markets, and especially investors in U.S. stocks – of which there is a record number investing a record amount – are ignoring a litany of concerns. continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Global markets, Insightful Insights, Market commentary, Technology & Telecommunications.

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Recently, in an AXIOS email with the subject line, “Not too late,” the Wall Street Journal (WSJ) wrote, “The White House, Congress and the country’s leading AI companies have allowed AI to grow faster, stronger, more powerful and wildly lucrative (and dangerous), with no serious effort to control it or spread the benefits beyond the super-wealthy, Axios CEO Jim VandeHei writes in a “Behind the Curtain” column. It’s not too late to change this. But if they all dither, duck, or dance around it, the chances of AI worst-case scenarios will explode, likely early next year, according to almost everyone we talk to privately who truly understands AI.” continue…

by Roger Montgomery Posted in Insightful Insights, Manufacturing, Market commentary, Technology & Telecommunications.

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July and August 2026 have delivered a useful reminder that even the strongest investment narratives eventually collide with economics.

According to The Wall Street Journal, US momentum stocks suffered one of their worst stretches in decades. Bank of America noted July 2026 was one of the worst months for momentum trading in nearly forty years.

As artificial intelligence (AI)-related equities suffered their violent reversal, some of the market’s most popular semiconductor and memory names fell extraordinarily quickly. continue…

by Roger Montgomery Posted in Manufacturing, Market commentary, Technology & Telecommunications.

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I explain how we’re using AI in two key areas: to support investment research by synthesising information, generating ideas and identifying changes or inflection points in company reporting, and internally to improve how we allocate capital across the portfolio. Our internal AI operates offline, allowing us to use our proprietary research while keeping that information secure.

by Sean Sequeira Posted in Insightful Insights, Technology & Telecommunications, Video Insights.

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Billionaire philanthropist Bill Gates has waded into the artificial intelligence (AI) debate again, this time with a near-6,000-word essay on the transition to the AI era, describing it as one of the most turbulent periods in human history, and warning, “AI is improving faster than anyone expected…and could begin to act against our interests and we could lose control.”

While AI carries enormous potential to improve lives, Gates says the world is currently underprepared for the speed with which it will impact us socially, politically, and economically.

In his latest essay published on his website GatesNotes.com, Gates writes, “The transition to the AI era will be one of the most turbulent times in human history. Right now, we are not preparing adequately for that transition,” adding, “in terms of equity, AI will either be the greatest equalizer ever invented, or the worst source of injustice.” continue…

by Roger Montgomery Posted in Market commentary, Technology & Telecommunications.

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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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I joined Jess Maguire on ABC Statewide Drive to unpack the key lessons from the 2026 reporting season. We discussed why results were generally better than feared, the importance of revenue growth over cost cutting, the volatility across individual companies, and what the results could signal for the year ahead.

Tune in from 1:45:36 here: ABC Statewide Drive

by Roger Montgomery Posted in Insightful Insights, Market commentary, Market Valuation, Radio, Technology & Telecommunications.

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