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Australia needs to urgently ditch the luxury car tax so that Chinese electric vehicles (EVs) aren’t the only cheap option. According to U.S. security experts, Chinese EVs are a danger to national security.

In a decisive move with significant implications for the United States (U.S.) automotive and technology sectors, the Biden Administration this week unveiled plans to prohibit the use of Chinese-developed software in internet-connected vehicles. Continue…

by Roger Montgomery Posted in Global markets, Technology & Telecommunications.

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The mood at this year’s Jackson Hole Economic Symposium, the annual gathering of the world’s top central bankers, hosted by the Federal Reserve Bank of Kansas City, was noticeably more relaxed. The message resonating through the picturesque landscape? The worst appears to be behind us.  Continue…

by Roger Montgomery Posted in Economics.

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Nick Scali (ASX:NCK) released a trading update along with first half earnings guidance. Most analysts conclude that the update was a downgrade to the first-half consensus net profit after tax (NPAT); longer-term investors will look beyond the short-term effects of higher freight charges. Continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Small Caps, Stocks We Like.

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OpenAI has recently made waves with its launch of cutting-edge speech technology, and underscoring the company’s shift in focus. While this marks an impressive leap in artificial intelligence (AI) capabilities, it also raises critical concerns that the race to release new products may be sidelining safety measures. Continue…

by Roger Montgomery Posted in Companies.

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With two supermarket CEO’s facing off against the Australian Competition and Consumer Commission (ACCC) in the battle for supermarket reputations, I wonder whether we will see vastly different behaviours from the new heads of Coles (ASX:COL) and Woolworths (ASX:WOW) than what we might typically have expected from their predecessors. Continue…

by Roger Montgomery Posted in Consumer discretionary, Economics.

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In this week’s video insight, I am joined by Gary Rollo and Dominic Rose, portfolio managers of the Montgomery Small Companies Fund, as they celebrate the fund’s five-year milestone. They discuss the fund’s impressive performance, having delivered a 9.3 per cent compound annual return and outperforming the S&P/ ASX Small Ordinaries Index by 33 per cent since its inception in 2019. Despite market volatility, including the COVID-19 pandemic and central banks’ rapid rate hikes, the fund has consistently identified growth opportunities. Gary and Dominic share their investment approach and outlook for small caps, highlighting their strategy to capitalise on emerging market conditions.

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by David Buckland Posted in Small Caps, Video Insights.

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It was, for example, wise to be alert to the possibility of a large move lower if volatility emerged after a long rally. And while it has been my experience that volatility does indeed cluster around major turning points, it’s possible I only remember what I want to. Continue…

by Roger Montgomery Posted in Editor's Pick, In the Press, Market commentary.

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According to several reports, China’s property price index is tumbling. China’s new home prices in 70 cities fell 5.3 per cent year-over-year in August 2024, accelerating from July’s 4.9 per cent drop. This marks the 14th consecutive month of decline and the sharpest since May 2015, despite Beijing’s efforts to stabilise the property market through lower mortgage rates and reduced homebuying costs. The downturn deepened across most major cities, with Beijing (-3.6 per cent vs -3.3 per cent in July), Guangzhou (-10.1 per cent vs -9.9 per cent), Shenzhen (-8.2 per cent vs -8.0 per cent), Tianjin (-1.4 per cent vs -1.2 per cent), and Chongqing (-5.4 per cent vs -4.9 per cent) all seeing further price contractions.

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by Roger Montgomery Posted in Economics, Property.

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Yesterday, I joined the How Do They Afford That? podcast with Canna Campbell and Michael Thompson to discuss how different generations should approach investing. We covered key considerations for younger investors, including the importance of getting started early and understanding risk, as well as strategies for those closer to retirement who need to balance growth with stability. It was a fantastic discussion, packed with insights for anyone looking to build their financial future.
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by Roger Montgomery Posted in Podcast Channel.

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Back in June 24, the picture for Australian consumers was ominously darkening.  While Australia’s major lenders had reported only modest increases in mortgage defaults and house repossessions, data from the Australian Securities and Investment Commission (ASIC) revealed Australia was on track to record the highest number of collapsed businesses in ten years, with businesses in the building game and in food services bearing the brunt of the impact from consumers ‘zipping up their wallets’. Continue…

by Roger Montgomery Posted in Consumer discretionary.

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