In 2023 and 2024, I wrote several blog posts positing that Tesla may be just another car company. A couple of example articles can be found here and here.

The share price of Tesla on the date of those two blog posts was about US$274.00 and US$171.00, respectively. The price of Tesla shares, thanks in no small part to Trump’s election as U.S. President and Elon Musk’s pre-election support, subsequently rallied to over US$400.00 per share, and after a more recent 50 per cent decline, the price as of 7 April 2025 is US$239.43. Continue…

by Roger Montgomery Posted in Manufacturing.

• save this article
• POSTED IN Manufacturing.

For decades, it was wise to heed Warren Buffet’s observation that gold has no utility and that over any 100-year period, you will be better off owning income-producing assets. Gold, he said, can only be looked at and fondled. I have previously noted that gold is merely a bet on increasing fear and anxiety, and given these are sentiments, their shifts can be rapid and impossible to predict. Continue…

by Roger Montgomery Posted in Market commentary.

• save this article
• POSTED IN Market commentary.

Could it be possible that the markets are tumbling because Trump and his team can’t add, or worse, lied to hide a warped ideology?

President Donald Trump’s administration has rolled out sweeping “reciprocal tariffs” targeting over 180 countries in a move that has sent shockwaves through global financial markets and trade networks. Announced with typical Trump fanfare in the White House Rose Garden on 4 April 2025, Trump wielded a chart (Table 1) to underscore his point, claiming his measures would level the playing field and end decades of the U.S. being “ripped off” by its trading partners. Continue…

by Roger Montgomery Posted in Market commentary.

• 6 Comments
• save this article
• 6
• POSTED IN Market commentary.

Yesterday, I appeared on The Business – ABC Television News to discuss Trump’s newly imposed tariffs. Taking effect on ‘Liberation Day’, these tariffs have already sent ripples through global markets. Australia, along with the UK, Singapore and Brazil were all slapped with a 10 per cent tariff. China, Australia’s largest trading partner, was dealt a more severe blow with an additional 34 per cent tariff – bringing the total increase to 54 per cent since Trump took office. Continue…

by Roger Montgomery Posted in TV Appearances.

• save this article
• POSTED IN TV Appearances.

I joined Jess McGuire on ABC Radio’s Statewide Drive yesterday on ‘Liberation Day’, to discuss the consequences of Trump’s tariffs on the global economy.

We took a step back in time to explore the similarities between the 1930 Smoot-Hawley Tariff Act and Trump’s newly announced tariffs. Given the striking similarities of these policies, we explored the consequences of the 1930s tariffs and considered the potential parallels for today’s global economy such as slowing global trade, slowing global growth, and the risk of recession. Continue…

by Roger Montgomery Posted in Radio.

• LISTEN
• save this article
• POSTED IN Radio.

I joined Ausbiz yesterday on ‘Liberation Day’ to the impact of Trump’s tariffs on Australia’s four major exports to the U.S. – beef, gold and precious stones, pharmaceuticals, and medical equipment.   Continue…

by David Buckland Posted in TV Appearances.

• save this article
• POSTED IN TV Appearances.

This week we kick off part one of our new video series, ‘investing in emerging markets’ with our investment partner in global equities, Polen Capital. I interviewed June Lui, a portfolio manager and analyst from Polen Capital’s emerging markets growth team. With over two decades of experience in the Chinese industry, June offers insight into the Chinese economy and where it is headed. Continue…

by Roger Montgomery Posted in Video Insights.

• save this article
• POSTED IN Video Insights.

On the surface, evidence shows that the Australian Securities Exchange (ASX) may be at a crossroads. Companies like James Hardie are jumping ship for U.S. primary listings, Australian investors are piling into American stocks, and local unicorns like Canva might not even glance at the ASX for their big initial public offering (IPO) debut. It’s not a collapse – yet; remember, Guzman Y Gomez (ASX:GYG) chose Australia over a U.S. listing – but the cracks are starting to show. Is the ASX in trouble or just stuck in a tough spot? Continue…

by Roger Montgomery Posted in Global markets, Market commentary.

• save this article
• POSTED IN Global markets, Market commentary.