Investor Insights

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”.

If only to arm you with arguments you might not be apprised of, it’s worth repeating artificial intelligence (AI) critic and author, Ed Zitron’s most recent warnings about the AI bubble, starting with a reference to the potential insolvency of OpenAI and Anthropic: “While a few people have danced with the edges of the potential insolvency of OpenAI and Anthropic, nobody…

Daily stock market commentary is replete with warnings of storm clouds forming over global equity markets. But major indices are registering all-time highs with daily, boring monotony, and those dark clouds seem in no imminent danger of producing rain, let alone a storm. So are the bearish experts wrong?

A growing chorus of people is asking how or when the artificial intelligence (AI) bubble will burst.

ASX (ASX:ASX) is a high-quality market infrastructure business with strong competitive advantages across listings, cash equities, derivatives, clearing and settlement and data services. Historically, these businesses generated attractive margins and relatively resilient earnings but the investment case deteriorated as years of underinvestment in technology became increasingly apparent.

In the past six years, French Government ten-year bond yield has jumped from negative 0. 3 per cent to 4. 9 per cent, the highest level in 24 years. Investors are starting to differentiate between each euro-denominated country with German and Dutch ten-year bonds yielding 3. 5 per cent and 3. 6 per cent, respectively.

Independent economic research and investment strategy firm Variant Perception (VP) has shared its latest market musings, and the phrase “generational equity top” got a run. The equal-weighted Value Line Arithmetic Index is drawing down from its August high, while the Nasdaq 100 is rallying… Graph 1. U. S. equities (Jan 2025 =100) Source: Variant Perception …and the U. S.

For decades, the 60/40 Balanced Portfolio was zealously and even religiously adhered to. The fixed income component was the dependable anchor, providing a steady yield, protection against stock market volatility, while allowing investors to sleep soundly at night. More recently, bond returns have given sleeping investors a rude awakening. U. S.

In the stock market, equity analysts are typically bottom-up researchers. That means they start their analysis of an individual company with specific financial metrics and fundamentals, rather than macroeconomic trends or overall industry outlooks.

The narrative surrounding global equities is subtly shifting. Once dominated by momentum-driven optimism, especially for artificial intelligence (AI), today’s market discussions instead focus on structural frictions. The most bullish equity strategist of note is U. S.

Australia’s housing market is under growing pressure, and further declines in property values could affect more than just homeowners. The consequences could extend across household finances, consumer confidence and state government budgets. If the value of Australia’s 11 million dwellings decline by an average 15. 5 per cent from its A$12. 8 trillion peak, then up to A$2.

When you hear people talk about U. S. inflation, a popular narrative is the Federal Reserve (the Fed) is essentially powerless. The argument goes that today’s sticky price pressures are almost entirely driven by outside supply shocks – things like new tariffs, volatile energy costs, and bottlenecks in tech hardware caused by the massive artificial intelligence (AI) investment boom.