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Nvidia’s share price has surged almost 200 per cent on an AI boom. But will it stay there?
Roger Montgomery
June 27, 2023
Rachel Pupazzoni published an article for ABC News discussing how seven companies have experienced significant growth compared to other stocks, collectively rising by 50 per cent year-to-date, while the rest of the companies in the MSCI US Index have remained unchanged. She draws on Roger’s thoughts on how this narrow group of companies driving the market gains is likely influenced by enthusiasm for AI and its transformative potential, although the actual extent of its impact remains uncertain. Read here: Nvidia’s share price has surged almost 200 per cent on an AI boom. But will it stay there?
by Roger Montgomery Posted in Editor's Pick, In the Press, On the Internet.
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A high-conviction long/short strategy for diversified returns and growth
Roger Montgomery
June 27, 2023
Recently, Zenith Investment Partner published their fund report for the Australian Eagle Trust Long Short Fund (The Fund), reiterating their RECOMMENDED rating. With their updated rating for 2023 investors might be interested in The Fund’s features and benefits, commencing with its historical performance (Figure 1). Continue…
by Roger Montgomery Posted in Montgomery News and Updates.
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Aura Private Credit: Letter to investors 23 June 2023
Brett Craig
June 26, 2023
The minutes from the June Reserve Bank of Australia (RBA) meeting published last week revealed a more hotly contested meeting than the market anticipated, with the decision closely split between a hold or a 25 basis point hike. The threat of further inflation outweighing the option to hold. Continue…
by Brett Craig Posted in Aura Group.
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Unmasking the ‘mortgage cliff’: Are recession fears overblown?
Roger Montgomery
June 26, 2023
With all the talk of recession, we’ve been exploring its probability. As investors, it’s vital to understand which sectors and individual companies are most and least impacted. And helping in that task is appreciating the consumer’s important canary-in-the-coal-mine role. A consumer’s financial position will ultimately determine their propensity to spend on discretionary items and their ability to meet non-discretionary expenses such as utilities and the mortgage, so it is worth understanding each data point. Continue…
by Roger Montgomery Posted in Market commentary.
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The Bank of England steps up its fight against inflation with its 13th interest rate hike – raising rates to 5.0 per cent
David Buckland
June 23, 2023
Last night, the Bank of England (BoE) raised its benchmark interest rate by a half percentage point to 5.0 per cent, the highest level in 15 years. When it comes to inflation, Britain remains an outlier compared with other major economies, with consumer prices rising 8.7 per cent in May 2023, four times the BOE’s 2 per cent target and more than double the rate in the U.S. Continue…
by David Buckland Posted in Global markets.
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Ausbiz: Unmasking the Mortgage Cliff
Roger Montgomery
June 23, 2023
I joined Ausbiz to discuss how high inflation and global recession fears are impacting markets and the economy. I also share my perspective on the potential mortgage cliff for Australians and explain how aggregate numbers can sometimes conceal individual-level issues, and that marginal consumers often dictate the outlook for firms and their performance. Watch the interview: Unmasking the mortgage cliff
by Roger Montgomery Posted in Editor's Pick, TV Appearances.
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Beyond fundamentals: Outlook on digital payments
Polen Capital
June 23, 2023
In this video Dan Davidowitz, Portfolio Manager and Analyst for Polen’s Focus Growth strategy, shares his insights on the often-misunderstood world of digital payments. Can the Visa and MasterCard duopoly be disrupted? Continue…
by Polen Capital Posted in Companies, Polen Capital, Stocks We Like, Video Insights.
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Evidence of our predicted retail slowdown is mounting
Roger Montgomery
June 22, 2023
Over the course of the last twelve months, we have warned investors off consumer discretionary stocks, consistent with the positioning of our domestic equity funds and the posture of Brett Craig’s private credit funds, which have also been eschewing extending credit to the sector. Continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
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