In this episode of the Australian Investors Podcast, Owen Rask and Drew Meredith test a deliberately provocative question: is the ASX now the worst developed share market in the world?
Starting with fresh global market performance data, they compare Australia with Japan, Europe and the United States, then unpack why weak local growth, a bank-heavy index and a lack of global technology winners can leave the ASX looking sluggish even when some local companies are still doing well.
From there, the conversation moves into the AI trade. Owen and Drew explore whether the market is really in irrational exuberance, why Micron’s blowout numbers matter, and how the AI value chain is moving from semiconductors into memory, energy, infrastructure and even local office-scale computing. They also riff on SpaceX pricing, local AI infrastructure and why headlines can miss what the underlying businesses are actually earning.
The episode stays practical too, with fresh takes on WiseTech, REA Group, ETF portfolio transitions, private-market access and the difference between chasing yield and building a portfolio that can survive a changing market.
If you want an episode that mixes ASX debate, AI investing, ETF questions and real portfolio decision-making without disappearing into jargon, this one is worth your time.
