Tesla flipped a car off an upside-down ramp in Texas. That is an engineering milestone. A halo car with no confirmed price, volume or delivery date is not a scale milestone, and scale is what the stock was already pricing.
Order types decide whether you pay the spread, avoid it, or accept gap risk. Market for speed in liquid names, limit to lock the price that keeps your allocation intact, stops only with gap risk priced in — especially from Australia.
Last week the AI cluster found a landlord. This week it has to survive the heat everything built in the previous two arcs actually produces.
Issue #23 | Sunday, 11 October 2026
The S&P 500 finished the week near a record with the 10-year still at 5.24%, after a minutes-day high near 5.36%. Most Fed officials want another hike this year. The Aussie rose about 0.7%, so an unhedged holder kept roughly 0.5%, not the 1.2%.
In September, the Dow fell 4.3%, the Nasdaq rose 1.9%, the equal-weighted S&P 500 fell about 5%, bonds sold off and gold dropped — all in one country. Diversification can reduce risk without automatically reducing expected return. Here is how it works, where it fails, and a four-question audit.
Every AI chip needs a building, power and neighbours. Equinix owns the building where those neighbours already live. A REIT at about 24 times cash earnings in a 5.2% bond market — connectivity, not concrete. In pension phase the 2% cheque is closer to 1.7% after US tax that cannot be refunded.
Issue #22 | Sunday, 4 October 2026
US 10-year yields hit their highest since 2002, jobs badly missed, and the RBA hiked to a 15-year high — yet the AUD fell. Here’s what moved markets from New York to the ASX, and why FX mattered more than equities for unhedged Aussie investors.
Most retail discovery starts after the price has already moved. This five-step screen replaces that habit with a standing filter on returns, cash, and balance-sheet strength — and is honest about the businesses a durability screen will miss.
Following our May guide on US dividend double taxation, this piece covers what everyone asks next: where FITO goes in myTax, how the cap is calculated, when the $1,000 shortcut is enough, and the mistakes that leave real money on the table.
Without memory, advanced AI chips are just expensive calculators. This week’s featured company is one of only three on Earth supplying the memory modern AI needs to think in context, and the shortage is already showing up on Australian retail shelves.