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I joined Jess Maguire on ABC Statewide Drive to discuss rising U.S. interest rates and bond yields, what is driving them, and the potential flow-on effects for Australia. We also explored government debt, artificial intelligence (AI) investment, equity markets and what higher borrowing costs could mean for investors.

Listen from 1:43:51 here: ABC Statewide Drive 

by Roger Montgomery Posted in Economics, Market commentary, Radio.

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• POSTED IN Economics, Market commentary, Radio.

The S&P 500 has once again notched fresh record highs, surging more than 13 per cent year-to-date (YTD) and comfortably outpacing its historical average annual return. Driving the rally is a combination of robust earnings, apparently stabilising geopolitical friction, and the relentless build-out of artificial intelligence (AI) infrastructure. Continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Insightful Insights, Market commentary, Market Valuation, Technology & Telecommunications.

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• POSTED IN Economics, Editor's Pick, Insightful Insights, Market commentary, Market Valuation, Technology & Telecommunications.

Despite the utterings from our senior politicians when discussing Australia’s Gross Domestic Product (GDP), this figure takes neither the rate of inflation, nor our population growth into consideration.

When our real GDP per capita for the June 2026 Quarter is released on Wednesday 2 September, I am concerned we will see another negative number, delivering lower living standards for Australians, as experienced over recent years. Continue…

by David Buckland Posted in Companies, Editor's Pick, Market commentary, Market Valuation.

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Codan (ASX:CDA)  is an Australian technology company that designs, develops, manufactures and markets communications and metal-detection equipment. Its two main operating segments are Communications and Metal Detection. Within those businesses sit brands and operations including DTC, Zetron and Minelab, giving Codan exposure to tactical and defence communications, unmanned systems, public-safety communications and gold detection. Continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Manufacturing, Market commentary, Market Valuation, Popular, Small Caps, Stocks We Like.

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• POSTED IN Companies, Editor's Pick, Manufacturing, Market commentary, Market Valuation, Popular, Small Caps, Stocks We Like.

Jeremy Grantham is considered one of the giants of the investment world. After his start as an economist for Royal Dutch Shell, he earned his MBA from Harvard before co-founding his first asset management firm and helping pioneer commercial indexing strategies in the early 1970s. He subsequently co-founded Grantham, Mayo, & Otterloo (GMO) in Boston, growing it into a global powerhouse managing over US$100 billion. Continue…

by Roger Montgomery Posted in Market commentary.

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Australia’s housing crisis has reached a tipping point, but listening to the federal government, you’d be forgiven for thinking everything is running smoothly and under control!

2026 would have to be the first year the budget is still in the headlines three months after it was delivered. And that’s because it is proving to be an unmitigated disaster for the economy, investors, and homeowners, and now renters.

At the centre of the latest policy storm is the Treasurer Jim Chalmers and Housing Minister Clare O’Neil’s insistence – backed by Treasury ‘modelling’ – that recent tax adjustments impacting property investors will lead to a mere $2-a-week rent increase.

As an aside, we have to remember the almost universal failure of all modelling Labor has relied on, from electricity bill reductions of $275 by 2025 to house prices rising by a gentle two per cent. Continue…

by Roger Montgomery Posted in Economics, Property.

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• POSTED IN Economics, Property.

When the benchmark 10-year U.S. Treasury yields pierced five per cent on September 14, they reached their highest level since October 2023, and signalled a potential conflict between sovereign debt realities and a relentlessly optimistic equity market. Continue…

by Roger Montgomery Posted in Economics, Editor's Pick, Global markets, Insightful Insights, Market commentary, Market Valuation.

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• POSTED IN Economics, Editor's Pick, Global markets, Insightful Insights, Market commentary, Market Valuation.

I can’t tell you how many times I have heard the expression, “Australian residential Property prices never fall”.  Admittedly these “experts” have enjoyed an enormous 40-odd year bull market. However, they don’t believe that asset prices can be cyclical, and they likely missed the 1993 London headline which read “One million homes in negative equity”.

As Australia’s unemployment rate hits 4.7 per cent, a five year high, and inflation reaches 4.0 per cent in the 12 months to August 2026, it appears a period of stagflation – slow or negative real economic growth per capita, higher unemployment and persistent inflation – will likely be with us for the foreseeable future. Continue…

by David Buckland Posted in Editor's Pick, Feature Article, Insightful Insights, Market commentary, Popular, Property.

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FDC Consolidated Holdings Limited (ASX: FDC), a major Australian construction, fit-out, and building services company, has had an auspicious beginning as a public company after listing for $3.00 per share on the ASX on 13 July 2026. FDC reported a 13 per cent increase in revenue for the year to June 2026 to $1.69 billion, whilst underlying Earnings Before Interest and Tax (EBIT) (excluding listing costs) rose 18 per cent to $96.5 million. Continue…

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

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BCA Research (BCA), a global investment research firm, recently released its August 2026 market update, in which the authors argue against becoming defensive too early.

According to BCA, the current bull market contains many of the necessary ingredients for a future bust – geopolitical risk, an extraordinary artificial intelligence (AI) capital expenditure boom, and a looming wave of very large initial public offerings (IPOs) – but BCA believes the immediate evidence still favours investing in risk assets such as shares. Continue…

by Roger Montgomery Posted in Market commentary.

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