Wall St. Down Under
Issue #22 | Sunday, 4 October 2026
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Wall St. Down Under
Issue #25 | Sunday, 25 October 2026
The Beat Lifted the Index — The Bill Reversed It | Week Ending 23 October 2026
SpaceX’s Super Intelligence beat lifted the Nasdaq mid-week. Meta’s free-cash-flow outflow and Lam’s constrained outlook reversed it. The 10-year eased to 5.01%. The AI trade is now pricing the bill, not just the demand.
How to Track Your AUD Cost Base for the ATO — and Why Currency Gains Are Hiding in Your Portfolio
The ATO doesn’t care what happened in USD. Every gain and loss on your US stocks is calculated in AUD — and the exchange rate on the day you bought creates a number most investors have never checked.
Price-to-Earnings (P/E) Ratio: Basic Valuation Metrics
Diversification decides the weights. Order types decide the fill. The P/E ratio asks whether the price you just paid is justified by the earnings the company is actually producing. It is a ratio, not a verdict.