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Nick Scali Limited (ASX:NCK), a holding in the Montgomery Small Companies Fund has released its half-year 2025 (1H25) results. Despite the mixed headline picture, Nick Scali’s 1H25 results outperformed consensus estimates. Continue…

by Roger Montgomery Posted in Companies, Small Caps, Stocks We Like.

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I had the opportunity to join Sean Aylmer on the Fear + Greed podcast to reflect on my predictions for 2024 and discuss what lies ahead in 2025. This year, despite widespread forecasts of a recession, the stock market performed strongly. A combination of disinflation and positive economic growth created a favourable environment for innovative companies with pricing power. Continue…

by Roger Montgomery Posted in Market commentary, Podcast Channel.

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I appeared on Ausbiz to review 2024 and talk about the outlook for 2025. Will the Magnificent Seven tech stocks continue their upward climb in 2025? Rising U.S. bond yields could potentially impact some of the share price returns of tech stocks in the U.S. market. I also discussed the potential in Australian small caps due to their underperformance relative to large caps.

You can watch the full interview here: Ausbiz – outlook for 2025 

by David Buckland Posted in TV Appearances.

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One of the biggest challenges for investors and market watchers – especially those with a shorter-term bias – is deciphering Federal Reserve (Fed) policy. Typically, they rely on headlines, media soundbites, and second-hand analyses. But every so often, it pays to look directly at what the Fed is actually saying. Below is a recap of Federal Reserve Chair Jerome Powell’s most recent press conference – highlighting key quotes from Powell himself – so you can form your own views on where monetary policy and the economy might be headed. Continue…

by Roger Montgomery Posted in Economics.

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Massive demands on liquidity from the refinancing of about US$70 trillion of global debt taken up when interest rates were zero would leave less liquidity to sustain the rally in shares, bitcoin and everything else. Continue…

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

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I sat down with Paul Turton to discuss what’s been happening in investment markets so far this year. They talked about the impact of President Trump’s inauguration on markets and the continued strong performance of the Magnificent 7 Technology stocks.

David also shared insights into the opportunities for small-cap stocks, which have underperformed large caps by 30 per cent in recent years, and explained why the current economic climate might finally work in their favour. He gave his perspective on interest rate cuts, the cost-of-living pressures affecting Australians and businesses.

It’s a great conversation if you are keen to hear about what’s been shaping markets in 2025. You can listen to my segment from the 31:40-minute mark here: ABC Newcastle – How is 2025 shaping up for investment markets?

by David Buckland Posted in Market commentary, Radio.

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The artificial intelligence (AI) arms race shows no signs of slowing, and this week’s fourth quarter results announcement by Google, owned by Alphabet Inc. (NASDAQ:GOOG), suggests that significant investment is still seen as a necessity – especially when it comes to powering the next generation of AI models. Following the release of China’s DeepSeek, the question is not only whether the hefty spending is sustainable, but whether it truly gives U.S. tech giants the edge they’re hoping for? Continue…

by Roger Montgomery Posted in Market Valuation, Technology & Telecommunications.

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I joined Sean Aylmer on the Fear + Greed podcast to discuss one of the current key themes for markets – artificial intelligence (AI). AI is shaping the world and transforming industries including healthcare and transportation but there are always winners and losers. So which companies are thriving and which are most at risk? Find out in the full podcast below:

by Roger Montgomery Posted in Market commentary, Podcast Channel.

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In my recent interview on ABC Statewide Drive with Jess McGuire, I shared insights on the outlook for the stock market in 2025. We discussed how focusing on the combination of disinflation and positive economic growth can be key drivers of success, rather than getting caught up in the noise from the broader financial commentary. You can listen to my segment from the 1:45-minute mark here. ABC Statewide Drive – What’s ahead for the stock market in 2025

by Roger Montgomery Posted in Radio.

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In this week’s video insight, I dive into the topic of asset allocation and how to approach balancing risk and return. Using the analogy of a boat, I explain how equities can act as the engine driving growth, while credit serves as the hull that keeps you steady. The right strategy depends on your stage of life and financial goals. I also touch on the growing appeal of private credit for its potential to deliver strong returns with less volatility. The ultimate goal is to build a portfolio that’s built to last through all conditions.

Continue…

by Roger Montgomery Posted in Investing Education, Video Insights.

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