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I joined Juliette Saly on Ausbiz to discuss the ASX debut of FDC Consolidated (ASX), outlining why I believe the construction and fit-out business presents a compelling investment opportunity. I highlighted its 36-year track record, strong insider ownership, large work in progress, repeat client base and attractive forecast yield, while noting that quality businesses can still attract investor demand despite a subdued Initial Public Offering (IPO) market. We also discussed Australia’s fragile consumer confidence, with high household debt, rising rents and ongoing cost-of-living pressures continuing to weigh on sentiment, even as confidence gradually recovers from its 53-year low.

Watch here: FDC’s ASX debut – a builder with bite  continue…

by David Buckland Posted in Companies, Editor's Pick, Insightful Insights, Market commentary, Market Valuation, Small Caps, Stocks We Like, TV Appearances.

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In my latest article for The Australian, I examine how investor attention has been almost completely hijacked by artificial intelligence (AI), leaving gold largely overlooked despite many of the conditions that have historically supported it. In theory, an era of mounting sovereign debt, structural inflation and geopolitical uncertainty should favour gold. If today’s AI enthusiasm eventually gives way to a market correction, investors may find themselves giving gold a second look… 

Download the article here: Don’t write off gold’s polish – it could save you from an AI crash continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Energy / Resources, In the Press, Investing Education, Market commentary, Value.able.

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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, we go through the biggest bombshells from this year’s budget and what the practical implications are for you and your money. I explain why the changes to the budget don’t actually benefit young Australians, and therefore positioning it in this way is simply untrue. 

We talk about the hype around SpaceX being publicly listed, overtaking Amazon in market value, and I share my thoughts on whether the hype is real or if this company has been overvalued. 

We also discuss private credit funds and why they can be a good investment option for people that want good returns without the volatility of the share market.

I loved having this conversation with Nicola and Di in the studio, helping to make them and our listeners feel more calm and confident about their financial decisions. We hope you enjoy this episode as much as we did. 

Tune into past episodes of Over the Money Fence here. 

For further information, please contact David Buckland, Chief Executive Officer or Rhodri Taylor, Account Manager on (02) 8046 5000 or investor@montinvest.com. continue…

by Roger Montgomery Posted in Aura Group, Economics, Insightful Insights, Investing Education, Market commentary, Podcast Channel.

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I joined Nadine Blayney on Ausbiz today to discuss why I remain cautious on the artificial intelligence (AI) investment theme, despite strong earnings from the major technology companies. While reported profits continue to rise, I argued that much of the spending on AI infrastructure is being treated as capital expenditure rather than an expense, making earnings appear stronger than underlying cash flows. I also suggested that today’s relatively modest price-to-earnings (P/E) ratios may not tell the full story, noting that markets can still suffer significant declines even from low valuations if earnings prove unsustainable. Ultimately, I believe the key risk is not that AI share prices are too high, but that investor expectations for future earnings may be too optimistic.

Tune in via Ausbiz here: The reason Roger reckons AI is a “bubble” continue…

by Roger Montgomery Posted in Technology & Telecommunications, TV Appearances.

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I recently joined ABC Newcastle Mornings with Kylie Morris to discuss why households may benefit from reviewing their spending habits, including a simple exercise of separating expenses into “wants” and “needs” to identify potential savings and build a financial buffer.

We also explored how interest rates can act like gravity on asset prices, with higher rates reducing the present value of future cash flows – potentially weighing on shares and other investments.

Finally, we touched on the implications of the artificial intelligence (AI) boom for investors and superannuation (with specific reference to the recent SpaceX IPO), including concerns around supply chain fragility, resource consumption and the growing integration of AI into critical systems.

Tune in from 37:30 here: ABC Newcastle Mornings continue…

by Roger Montgomery Posted in Consumer discretionary, Economics, Investing Education, Market commentary, Radio.

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In my latest article for The Australian, I argue that the extraordinary enthusiasm surrounding SpaceX’s Initial Public Offering (IPO) may be a warning sign that markets are entering a late-stage speculative phase. Drawing parallels with major thematic IPOs that preceded previous market peaks, I examine how Fear of Missing Out (FOMO), passive investment flows, Artificial Intelligence (AI)-driven optimism and a growing disconnect between valuations and fundamentals are creating conditions that resemble past market bubbles. The key question for investors is whether today’s market is being driven by sustainable earnings growth or by speculation that could ultimately prove unsustainable.

Download the article here: Gravity-defying SpaceX IPO flags warning of market crash landing

by Roger Montgomery Posted in Companies, In the Press, Market commentary, Market Valuation.

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In my latest Firstlinks article, I explore whether artificial intelligence (AI) is following the familiar path of past technology bubbles. As businesses shift from AI experimentation to demanding measurable returns, the question becomes whether the trillions spent on AI infrastructure will ultimately generate enough revenue to justify today’s lofty valuations.

You can read the article via Firstlinks here: Have AI’s four horseman arrived? continue…

by Roger Montgomery Posted in Economics, In the Press, Insightful Insights, Market commentary, Technology & Telecommunications.

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I joined Kylie Morris on ABC Newcastle Mornings today to discuss the extraordinary rise of SpaceX following its record Initial Public Offering (IPO). We explored why the company’s valuation appears disconnected from traditional measures of value, how NASDAQ’s fast-tracked index inclusion could force ETFs and superannuation funds to buy shares, and why investors should be mindful of the risks that can emerge when market hype and scarcity drive prices higher.

Listen from 37:04: ABC Newcastle Mornings continue…

by Roger Montgomery Posted in Companies, Global markets, Market Valuation, Radio.

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A peace deal between Iran and the United States has transformed the outlook for global markets – at least for now.

I joined Sean Aylmer from Fear and Greed, to discuss which sectors stand to benefit most from falling oil prices, why airlines, retailers and property stocks could outperform, and why history suggests investors should be cautious despite the optimism.

I also touch on the extraordinary valuation of SpaceX, why Elon Musk may be the greatest marketer the world has ever seen, and the surprising role Google may have played ahead of the company’s IPO.

Listen here: 

by Roger Montgomery Posted in Global markets, Insightful Insights, Market Valuation, Podcast Channel.

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When it comes to IPOs, you generally don’t want to be a member of any club that will have you. But, Australian retail investors are being given access.

Whether it’s the timing, the size, or something more sinister, the SpaceX IPO is poised to be one of the more polarising stockmarket milestones in recent times.

This article was first published in The Australian on 09 June 2026.
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by Roger Montgomery Posted in Companies, In the Press.

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