Investment Insights – October 2026
We’re pleased to share the latest edition of our Investment Insights report, highlighting the key trends shaping markets and portfolios.
This month’s key takeaways:
- Rates rise on both sides of the Pacific: The RBA lifted the cash rate to 4.60% and the US Fed hiked for the first time since 2023, pushing bond yields to multi-year highs.
- Australian shares slip: The All Ords fell 2.5% as local tech and resources stocks led the decline. Only healthcare finished higher.
- A falling dollar softens the blow: Global shares fell 1.2% in US dollars, but a 2.9% drop in the Aussie dollar turned that into a 1.8% gain for Australian investors.
- AI picks winners and losers: Meta’s new AI assistant (Muse) helped lift US tech 6%, while Booking.com fell 20% as investors weighed which businesses AI might disrupt.
We hope you find this update useful. As always, if you would like to discuss how these themes relate to your portfolio, please feel free to get in touch.
Warm regards,
Mackay Private Wealth
General Advice Warning: Any comments in this communication do not consider your objectives, financial situation or needs. Before acting on any general advice, consider whether it is appropriate for you.