Link to IWP's June 2026 Update (PDF) https://tinyurl.com/muzzukne

Global markets have remained remarkably resilient over the past month, with strong AI-driven earnings continuing to support US markets despite ongoing geopolitical tensions, inflation concerns, and growing uncertainty surrounding Australia's economic outlook. In this month's discussion, Shane and Chris explore the key themes influencing markets and portfolio positioning:

• AI-related companies continue to deliver exceptional earnings growth, helping drive US markets higher and supporting broader market performance

• Ongoing tensions in Iran and elevated oil prices continue to create inflationary risks and weigh on consumer confidence

• Australia's recent Federal Budget and proposed tax changes have raised concerns around inflation, productivity, and incentives for business investment and innovation

• Sentiment towards both major political parties has deteriorated, contributing to increased political uncertainty

• Australian equities continue to face headwinds, while US markets have reached new highs

• Portfolio positioning remains unchanged, with decisions continuing to be driven by evidence, diversification, and long-term fundamentals rather than short-term events

• Despite economic and geopolitical uncertainty, long-term portfolio returns have remained strong, reinforcing the importance of maintaining discipline and avoiding emotional reactions to market noise

Overall, the message remains consistent: stay focused on long-term fundamentals, trust the evidence, and maintain a diversified portfolio through periods of uncertainty.

Should you prefer this in video form, please head to https://youtu.be/6kfKn8FYbhQ

DISCLAIMER: This Podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL #512433.