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QBE (ASX:QBE) has been a long-term holding of the Australian Eagle Long portfolio, albeit one that has faced its share of missteps over the years. However, in recent periods, the business has undergone a clear and deliberate transformation under current management, with a renewed focus on profitability, discipline and simplification. Continue…

by Sean Sequeira Posted in Companies, Stocks We Like.

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The U.S. Copyright Office recently released a detailed report on the complex issue of using copyrighted materials to train artificial intelligence (AI) models, which has sparked heated debate in the tech and creative industries. However, the report’s measured recommendations were overshadowed by the Trump administration’s swift dismissal of the office’s director. Continue…

by Roger Montgomery Posted in Market commentary.

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Most of the time, you can ignore monthly economic data – it rarely, if ever, changes trends in markets. But with Trump fiscal profligate ways, a huge global debt refinancing event coming in 2026/27 and threats to democracy itself, it probably now pays to keep a closer eye on how the U.S. economy is faring. Continue…

by Roger Montgomery Posted in Market commentary.

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In what some have described as a ‘dramatic’ 218-214 vote, the U.S. House narrowly passed President Trump’s US$3.4 trillion “Big Beautiful Bill Act,” a nearly 900-page tax-and-spending package that does mark a major victory for Trump and GOP (Republican Party) leaders. Continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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Last week, REA Group delivered a broadly in-line third quarter result, highlighting the resilience of its pricing power and disciplined cost management, even as listing volumes soften into the final quarter.

Revenue for the period rose 12 per cent year-on-year to A$374 million, essentially matching market expectations, while earnings before interest, taxes, depreciation, and amortisation (EBITDA) excluding associates increased 12 per cent to A$199 million, just shy of consensus estimates. Free cash flow was robust at A$132 million, marking a 19 per cent year-on-year increase. Continue…

by Roger Montgomery Posted in Companies, Property.

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A great deal has already been written about President Trump’s tariff policies, which have ignited a fierce debate among global investors and reshaped the landscape of international trade and economic strategy.

If every nation played fair, laid down their weapons, worked in harmony, peace and unity for a global common good, there would be no need for tariffs. But of course, such a world doesn’t exist on this side of Armageddon. In a world shaped by competition, dishonesty and insecurity, Trump sees tariffs as a way of resetting the compass. Continue…

by Roger Montgomery Posted in Market commentary.

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I recently joined Paul Turton on ABC Newcastle Mornings to discuss the market turmoil triggered by Trump’s tariffs. Investor sentiment plays a significant role in the rise and fall of markets, and right now investor confidence is shaken. During this segment we explored what investors should keep in mind during this period of heightened volatility. Continue…

by Roger Montgomery Posted in Radio.

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I joined Kirsten Aiken on ABC News earlier this week to discuss the recent U.S.-China trade talks. While these discussions aimed to reinforce the trade truce established last month in Geneva, they primarily offered a framework without substantial new commitments, leaving investors largely unimpressed. The prevailing concern among investors, however, is the perceived gradual shift of the U.S. towards authoritarianism, which is creating significant unease in the markets.

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by Roger Montgomery Posted in Market commentary.

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Tech ‘bros’ are buzzing with the news that Sir Jony Ive, the hardware design genius behind Apple’s iconic iPhone, iPod, and Mac, has sold his startup, io, to OpenAI, the powerhouse behind the Artificial Intelligence (AI) chatbot, ChatGPT. OpenAI, with a US$300 billion valuation, has acquired Ive’s 2019 startup for US$5 billion in stock, valuing the company at nearly US$6.5 billion. Io’s 55 employees will join OpenAI and form a new hardware division to be led by OpenAI’s Peter Welinder. Continue…

by Roger Montgomery Posted in Companies.

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With Donald Trump deliberately flooding the media with daily, if not hourly, meme-worthy pronouncements, investors are understandably bereft of an opportunity to sit back and take stock of what’s been happening in markets so far. This is that opportunity. Continue…

by Roger Montgomery Posted in Market commentary.

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