QAV Light Weekly Update — 11 May 2026

And a big wel­come to all of our new mem­bers.

Market This Week (All Ordinaries)

The All Ords had an alright week, up around 0.6% despite that ugly drop we saw on Thurs­day. Start­ed strong, held those gains for most of the week, then gave back some ground but still fin­ished in the green.

Aus­tralian mar­ket news, week end­ing 8 May 2026

• ASX 200 broke a three-week los­ing streak, clos­ing the week at 8,744, up +0.91% — but Fri­day alone shed 134 points (-1.5%) as prof­it-tak­ers got out before the week­end.
• RBA hiked the cash rate 25bp to 4.35% on Tues­day 5 May — the third con­sec­u­tive hike of 2026, ful­ly revers­ing the three cuts of 2025 and putting us back at the 2024 cycle peak.
• March CPI came in at 4.6% YoY (vs 3.7% in Feb) — high­est since Sep 2023, dri­ven most­ly by an 8.9% jump in trans­port costs off Mid­dle East-linked fuel prices, not domes­tic demand.
• Real wages went back­wards again — wage growth steady at 3.1% YoY against 4.6% infla­tion. So work­ers are los­ing ~1.5% in pur­chas­ing pow­er while the RBA hikes to crush demand they don’t have.
• Min­ing shares smashed mul­ti-year highs across the board — iron ore at US$110.95/t, cop­per +3.7% on the week to US$6.25/lb, gold at record ter­ri­to­ry (+9.1% YTD on cen­tral-bank buy­ing).
• Reg­is Resources / Vault Min­er­als announced an all-scrip merg­er val­ued at A$10.7B, cre­at­ing the third-largest ASX-list­ed gold pro­duc­er (51/49 Regis/Vault) — keep watch­ing for more gold-sec­tor con­sol­i­da­tion while the price holds.
• AU 10-year bond yield fell to a two-week low below 5% despite the rate hike — bond mar­ket is fad­ing the RBA’s hawk­ish­ness and pric­ing in a pause/cut by year-end.
• Late-week oil retreat on US-Iran peace-deal hopes eased import­ed-infla­tion wor­ries — the entire inflation/rate hike sto­ry this cycle has effec­tive­ly been a Mid­dle East sto­ry dressed up as domes­tic pol­i­cy, which most local cov­er­age under­states.

All the best,
Cameron

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PORTFOLIO UPDATE

All Time

Our QAV Light port­fo­lio is sit­ting at 19.45% ver­sus the ASX 200 at 10.18% — we’re beat­ing the bench­mark by about 9 per­cent­age points since incep­tion. Not bad for a sim­ple check­list approach, espe­cial­ly when you look at how we’ve pulled away from the index over the last year or so.

Financial Year to Date

Our QAV Light port­fo­lio is sit­ting pret­ty at +27.97% for the finan­cial year, which puts us well ahead of the ASX 200 bench­mark at +6.14% — that’s a sol­id 22 per­cent­age point dif­fer­ence. This is the kind of year that should give us a nice moat for the future.

Last 30 Days

Our QAV Light port­fo­lio is sit­ting pret­ty at +0.46% over the last 30 days while the ASX 200 bench­mark took a ham­mer­ing at ‑2.18% — so we’re beat­ing the mar­ket by about 2.6%.

Last 12 Months

Our QAV Light port­fo­lio fin­ished the 12 months at 29.41%, well ahead of the ASX 200 which man­aged 10.71% — so we beat the bench­mark by near­ly 19 per­cent­age points.

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SELLS

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BUYS

And here’s my TikTok of the week.

CURRENT HOLDINGS & HISTORICAL TRADES

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** Please remem­ber to review our Buy­ing Guide­lines to under­stand which cap bands you should be look­ing at and oth­er impor­tant con­sid­er­a­tions.

DISCLOSURE

Please review our trad­ing and dis­clo­sure pol­i­cy.

FOR NEW MEMBERS

If you’re new to QAV Light, here’s a quick reminder on how it works.

1. We send you an email every Mon­day advis­ing which stocks we are adding to our Light port­fo­lio.
2. You can copy our trades, but please remem­ber to review our Trad­ing Guide­lines. And con­sult a finan­cial plan­ner before mak­ing any deci­sions.
3. We don’t rec­om­mend that you add stocks which are already in our port­fo­lio.
4. If one of the stocks we add breach­es one of our sell con­di­tions, we will sell it from our port­fo­lio and you’ll get an email advis­ing of the trade.
5. If you come across any QAV ter­mi­nol­o­gy that you don’t under­stand, please review our ter­mi­nol­o­gy guide or just email us for clar­i­fi­ca­tion.

That’s it for today!

If we decide to buy or sell some­thing, we’ll let you know.

Got a ques­tion?
[email protected]

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