Market commentary
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Scott Galloway predicts US$10 trillion market wipeout
Roger Montgomery
May 20, 2026
Scott Galloway is an American academic, author, podcast host, and serial entrepreneur. He’s best known as a Clinical Professor of Marketing at the New York University Stern School of Business and a prominent commentator on big tech, modern economics, and social trends.
Galloway has recently and publicly joined the ranks of stock market bears, predicting we’re on the precipice of a US$10 trillion wipeout while immediately noting he, “gets this wrong all the time [so] this is not financial advice.” continue…
by Roger Montgomery Posted in Energy / Resources, Manufacturing, Market commentary, Market Valuation.
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The road to ownership just got harder
Roger Montgomery
May 20, 2026
Before I begin; I use the term ‘workers’ in this article. It’s not intended to be disparaging. It’s a reference to a label that the Labor Government gives their core constituency. It’s the voting base Labor frequently refers to and says they support.
The 2026 Federal budget may offer an insight into Labor’s logic:
‘Tax the asset to fund their so-called ‘worker’, so that worker can buy an asset.’
The problem?
They haven’t solved a generational divide; I believe they’ve just designed a wealth-recycling machine where the Government takes a service fee at every turn.
If we look a bit closer, we find a paradox. continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary.
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When high tech meets low tech – the commodity crunch behind AI
Roger Montgomery
May 19, 2026
There’s a thesis many investors are now positioning for: The artificial intelligence (AI) infrastructure buildout being led by the hyperscalers can’t proceed without copper, silver, and other critical metals, such as scandium. Their conclusion is that commodity prices will rocket higher if the the A.I. revolution continues.
Current forecasts suggest the combined capital expenditure of Amazon, Google, Meta, and Microsoft will reach US$715 billion in 2026, up 98 per cent on 2025 and nearly three times their combined capital expenditure (capex) in 2024. continue…
by Roger Montgomery Posted in Energy / Resources, Manufacturing, Market commentary, Technology & Telecommunications.
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2026 Budget Impact – Property flipping into Private Credit
Roger Montgomery
May 18, 2026
If you were thinking of buying a, say, a $2 million property to renovate and flip in 18 months, Labor’s 2026 budget just made that a perilous strategy, while also making investing in an AA rated Private Credit Fund way more attractive.
The 2026 Federal Budget has significantly shifted the goalposts for you. If you haven’t signed a contract yet, you are stepping into a very different tax environment than the one that existed last week.
In the current 2026 climate, a private credit fund returning 7.22 per cent as at 31 March 2026*, is almost certainly the superior choice for a $2 million allocation over an 18-month horizon.
*Returns are net of fees and assumes reinvestment of distributions. Past performance is not a reliable indication of future performance. Inception date 4 October 2022. continue…
by Roger Montgomery Posted in Aura Group, Editor's Pick, Market commentary, Property.
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Yardeni vs. Burry – The Bull vs. the Bear
Roger Montgomery
May 15, 2026
Red Corner (Bull) Ed Yardeni
I have written about and referenced both gents for years, and if you’d like to hear from them first-hand, you can subscribe to their musings on Substack. In the red corner is Ed Yardeni, founder of Yardeni Research and in the blue (bearish corner) is Michael Burry. continue…
by Roger Montgomery Posted in Insightful Insights, Investing Education, Market commentary.
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WHITEPAPER
THE PROPERTY RUG PULL
Discover how proposed changes to negative gearing, Capital Gains Tax and holiday home tax rules could reshape property investing, and why investors may consider private credit as property returns become less certain and tax advantages diminish.
READ HERE -
How the budget turns a reno to ruin
Rhodri Taylor
May 14, 2026
The 2026-27 Australian Federal Budget, handed down on May 12, 2026, fundamentally alters the economics of property flipping.
For decades, a tax system that rewarded capital growth over rental yield made the “buy, renovate, and flip” property model a popular way for middle-class investors with a bit of energy and an idea to get ahead.
However, Labor’s latest proposed tax reforms have gutted the high margins that once made short-term established property speculation rewarding. continue…
by Rhodri Taylor Posted in Economics, Insightful Insights, Investing Education, Market commentary, Property.
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MEDIA
Ausbiz – Budget risks and market warnings
Roger Montgomery
May 14, 2026
I joined Juliette Saly on Ausbiz today to discuss the 2026 Federal Budget and whether changes to Capital Gains Tax (CGT) and negative gearing could ultimately create unintended consequences for younger Australians. While the reforms are aimed at improving housing affordability, I explained why reduced incentives for investors and forecasts for fewer homes to be built could place further pressure on supply and long-term wealth creation. continue…
by Roger Montgomery Posted in Economics, Insightful Insights, Investing Education, Market commentary, TV Appearances.
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The property market just changed forever – A major shift for investors
Roger Montgomery
May 14, 2026
In my latest video insight, I explain why I believe the budget could fundamentally reshape property investing in Australia. Changes to negative gearing and capital gains tax may discourage investment in established properties, slow housing and credit growth, and create unintended consequences for banks, property-related businesses and younger Australians trying to build wealth.
by Roger Montgomery Posted in Economics, Editor's Pick, Insightful Insights, Investing Education, Market commentary, Property, Video Insights.
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MEDIA
Over The Money Fence – Why everything still feels so uncertain right now – and what it means for your money
Roger Montgomery
May 14, 2026
This week I am back with Over The Money Fence with Nicola Dale and Di Edwards.
This series aims to help you take control of your finances with clarity and confidence.
In this episode, I reassure Nicola and Di that despite everything that’s going on globally, it’s not all doom and gloom when it comes to the economy and markets.
Are we in a recession? I discuss the cost-of-living crisis and how this is changing our spending habits, plus the latest pricing tricks used by supermarkets and airlines.
We also talk about property and why I believe that people who are predicting that property prices in Australia will fall by 40 per cent are wrong. continue…
by Roger Montgomery Posted in Aura Group, Economics, Investing Education, Market commentary, Podcast Channel.
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The 2026 Federal Budget – insights for investors
David Buckland
May 13, 2026
The 2026 Federal Budget has landed with some significant implications for investors.
I discuss the key economic indicators and the tax changes that are set to reshape the investment landscape.Economy
The starting point is to expect higher global inflation and lower growth with the scale of impact dependent on the length and severity of the U.S./Iran war.
Growth in Australia is expected to slow to 1.75 per cent in 2026/2027.
Real wages are expected to go backwards again, which means living standards are expected to decline. continue…
by David Buckland Posted in Economics, Editor's Pick, Feature Article, Financial Services, Insightful Insights, Investing Education, Market commentary, Popular.
