Wall St. Down Under
Issue #27 | Sunday, 8 November 2026
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ASX Blind Spots (Arc 1: The Machines): General Dynamics (NYSE: GD) — The Submarine
General Dynamics builds the nuclear submarines the ASX cannot. Funded backlog is not cash, yard execution is the risk, and AUKUS depends on US capacity. The tax and FX leaks for Australian holders remain the same.
The Blue Wave Cleared the Uncertainty — The Data-Centre Scrutiny Reversed It | Week Ending 6 November 2026
Democrats swept both chambers of Congress. Stocks rallied on clarity, then sold AI infrastructure names over new build-out limits. 10-year closed near 4.84%. Oil plunged. The AI trade now prices political & power constraints, not just demand.
The Great Concentration Trap: Why Successful Investors Accidentally Become Risky Investors
Successful investing often creates hidden concentration risk. This playbook shows Australian investors how to set position-size limits, monitor drift, and rebalance winners—protecting accumulated gains in US technology compounders without abandoning long-term upside.
Understanding Sector Funds and Thematic ETFs
Sector and thematic ETFs let Australian investors express targeted economic or trend views in a single trade, without the single-stock risk of individual picks. They work best as modest satellites around a broad core holding.