Roger Montgomery, founder and Chief Investment Officer at Montgomery Investment Management, looks back at the forces that drove markets in 2025 — from the AI boom to the “great broadening” beyond US megacaps.

He talks to Sean Aylmer about the bull and bear cases for US equities in 2026, why the US dollar matters for Australian investors, and where diversification may make sense as volatility returns.

For more information, visit www.montinvest.com or call 02 8046 5000.
Follow Roger’s insights at www.rogermontgomery.com

Montgomery Investment Management is a supporter of Fear + Greed. Seek professional advice tailored to your circumstances before making investment decisions.

Roger Montgomery, founder and Chief Investment Officer at Montgomery Investment Management, looks back at the forces that drove markets in 2025 &mdash; from the AI boom to the &ldquo;great broadening&rdquo; beyond US megacaps. He talks to Sean Aylmer about the bull and bear cases for US equities in 2026, why the US dollar matters for Australian investors, and where diversification may make sense as volatility returns. For more information, visit&nbsp;<a href="http://www.montinvest.com/">www.montinvest.com</a>&nbsp;or call 02 8046 5000. Follow Roger&rsquo;s insights at&nbsp;<a href="http://www.rogermontgomery.com/">www.rogermontgomery.com</a> Montgomery Investment Management is a supporter of Fear + Greed. Seek professional advice tailored to your circumstances before making investment decisions.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Q+A: The bull and bear cases for equities in 2026

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/3d2b592e-821f-4c63-a3d0-b3e500bd1162/transcript