Virtually Live: 30 September 2026
Sep 30, 2026 · 13 min · 8 segments
Sep 30, 2026 · 13 min · 8 segments
We did obviously get the rate rise which was very much fully priced in by markets probably if anything though commentary from Michelle Bullock was a little bit more dovish than I think people expected and we did see shorter and longer term rates had a little bit lower and the currency actually is has dipped now below just below US 70 cents suggest and you know some of the things she said which is obviously true is that A lot of the work that they've done operates with the lag.
They obviously only started the rate rising cycle six months ago and sometimes it can take up to 12 months.
I've been making a lot of this inflation story regardless of obviously... demand in Australia it is very much well there is obviously a global aspect to it with oil prices and wars in the Middle East and so on so I think that's from my perspective a responsible approach and I think markets have probably gotten ahead of themselves well interest rate markets have gotten ahead of themselves And I think the local market, of course, still very much remains weak, which is, I think, a healthy response to what we're seeing in the market.
And obviously, if that continues and we see lower prices, then that will be quite exciting for me and an opportunity to allocate more money into listed equities.
Obviously, the US is an exception, very much driven by the AI sector and the huge, huge earnings growth we're seeing in that sector, which is, of course, inflationary as well.
Locally, of course, we have, and it's been covered a lot by the financial press, the IPO of Firmus is looking likely for October.
So that's going to be very interesting reading for those of you who've been following the story.
Certainly, based on what I'm reading, it looks like it's going to be the second biggest IPO of all time after Telstra and a market cap that may very well exceed companies like Woolworths or Coles, so kind of a really real reflection of the bullishness and the and the excitement of this AI sector.
And really, you know, what will be one of the most pure play exposures we could have on the ASX.
We did obviously get the rate rise which was very much fully priced in by markets probably if anything though commentary from Michelle Bullock was a little bit more dovish than I think people expected and we did see shorter and longer term rates had a little bit lower and the currency actually is has dipped now below just below US 70 cents suggest and you know some of the things she said which is obviously true is that A lot of the work that they've done operates with the lag.
They obviously only started the rate rising cycle six months ago and sometimes it can take up to 12 months.
I've been making a lot of this inflation story regardless of obviously... demand in Australia it is very much well there is obviously a global aspect to it with oil prices and wars in the Middle East and so on so I think that's from my perspective a responsible approach and I think markets have probably gotten ahead of themselves well interest rate markets have gotten ahead of themselves And I think the local market, of course, still very much remains weak, which is, I think, a healthy response to what we're seeing in the market.
And obviously, if that continues and we see lower prices, then that will be quite exciting for me and an opportunity to allocate more money into listed equities.
Obviously, the US is an exception, very much driven by the AI sector and the huge, huge earnings growth we're seeing in that sector, which is, of course, inflationary as well.
Locally, of course, we have, and it's been covered a lot by the financial press, the IPO of Firmus is looking likely for October.
So that's going to be very interesting reading for those of you who've been following the story.
Certainly, based on what I'm reading, it looks like it's going to be the second biggest IPO of all time after Telstra and a market cap that may very well exceed companies like Woolworths or Coles, so kind of a really real reflection of the bullishness and the and the excitement of this AI sector.
And really, you know, what will be one of the most pure play exposures we could have on the ASX.
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