Market commentary
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Australia leads the world in the annual pace of disposable income decline
Roger Montgomery
November 10, 2023
In its fight against persistent inflation, the Reserve Bank of Australia (RBA) has just introduced its 13th rate hike in this cycle at the same the financial strain on Australian households intensifies. According to a disturbing report published in The Australian Financial Review (AFR) this week, the Organisation for Economic Co-operation and Development (OECD) has discovered Australia leads the world in the annual pace of disposable income declines globally. continue…
by Roger Montgomery Posted in Economics, Market commentary.
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Finding stability in uncertain times: private credit’s status grows
Roger Montgomery
November 10, 2023
In the current financial climate, retirees and those approaching retirement are often caught between the Scylla and Charybdis of relatively low-interest rates and equity market volatility. The quest for a stable income solution has never been more pressing. continue…
by Roger Montgomery Posted in Aura Group, Market commentary.
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Dividends do not make a good company – Part 2
Roger Montgomery
November 9, 2023
With annual general meeting (AGM) season underway, what is becoming clear, yet again, is that great managers are good at two things. The first is running the business, the second is allocating capital. Some might be able to run a business, but many managers are incompetent at allocating capital. continue…
by Roger Montgomery Posted in Investing Education, Market commentary.
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The market’s “weighty” overreaction
Roger Montgomery
November 8, 2023
Markets often resemble their participants, and the stock market is particularly vulnerable to the human psyche, prone to bouts of elation and despondency with each new trend. The recent euphoria surrounding a novel class of weight-loss and diabetes management drugs is a textbook example of this phenomenon. continue…
by Roger Montgomery Posted in Companies, Editor's Pick, Health Care, Market commentary.
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Why are property prices surging as rates are rising?
Roger Montgomery
November 8, 2023
In the thriving metropolises of Australia, the real estate horizon is gleaming brighter than ever. House prices have surpassed previous highs, putting a final nail in the coffin of those pessimistic forecasters who predicted 25-30 per cent declines. continue…
by Roger Montgomery Posted in Editor's Pick, Market commentary, Property.
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MEDIA
ABC The Business – Insights into Wesptac’s performance, RBA meeting, and Newcrest mining takeover
Roger Montgomery
November 7, 2023
During my recent interview on ABC’s The Business with Kirsten Aiken, I delved into several key topics. We explored Westpac’s (ASX: WBC) recent financial results, highlighting an overall improvement for the year, albeit with a slight decline from their first-half results. Additionally, we discussed the outlook in the context of the Reserve Bank of Australia’s (RBA) meeting and the consensus regarding potential rate increases. Furthermore, we touched upon the noteworthy takeover of Newcrest Mining by Newmont. continue…
by Roger Montgomery Posted in Companies, Market commentary, TV Appearances.
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Private Credit: Where collateral is king
Dean Curnow
November 7, 2023
Private credit, in your author’s opinion, will feature in the top ten most used investment phrases for 2023. My BBQ conversations on weekends this year have gone from penny stock recommendations to weird and wonderful ways to get exposure to private markets, notably through credit. continue…
by Dean Curnow Posted in Investing Education, Market commentary.
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Pressure from the IMF to raise rates further
Brett Craig
November 6, 2023
The International Monetary Fund (IMF) have called on the Reserve Bank of Australia (RBA) to raise interest rates further. continue…
by Brett Craig Posted in Aura Group, Market commentary.
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Dividends do not make a good company – Part 1
Roger Montgomery
November 6, 2023
I once relished receiving my dividend when they were sent as cheques in the mail. I liked tearing along that perforated line and took delight in those that were especially large in comparison to the price I had paid for the shares. I remember my shares in Fleetwood, whose dividend cheques were equal to 20 to 27 per cent of the investment I made. How silly of me then to ever hold a view about dividends that would cut out the fun of opening those innocuous, white, windowed envelopes that arrived the letter box twice a year. continue…
by Roger Montgomery Posted in Investing Education, Market commentary.
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MEDIA
Ausbiz – Does the recent rally have legs?
Roger Montgomery
November 3, 2023
In this week’s interview with Ausbiz, I wanted to discuss the potential for a continued equity rally. I cited a report from a Canaccord strategist who believes the environment does set the stage for a further rally. This is partly because, in the strategist’s view, the U.S. economy will slow down very rapidly. In fact, they put the probability of a recession at 99.9 per cent, and with stocks outside of the Magnificent Seven already lower – the U.S. Bank equity index has already been smashed by 50 per cent – it’s way too late to be negative now. So is the bad news already priced in? Watch the full interview here Ausbiz – Does the recent rally have legs?
by Roger Montgomery Posted in Market commentary, TV Appearances.
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