QAV Light Weekly Update — 21 September 2026

Hap­py Mon­day, Light Brigade!

And a big wel­come to all of our new mem­bers. Today I’m lis­ten­ing to Shostakovich’s 7th Sym­pho­ny. If you haven’t heard the sto­ry about this one, it’s crazy. He com­posed it in late 1941 dur­ing the Nazi siege of his home­town, Leningrad (aka St Peter­burg). It was com­plete­ly bru­tal. Last­ed 872 days (1941–44), the most destruc­tive siege in his­to­ry and pos­si­bly the most dead­ly, caus­ing an esti­mat­ed 1.5 mil­lion deaths, from a pre­war pop­u­la­tion of 3.2 mil­lion. Rough­ly the size of Bris­bane. Half the peo­ple dead, most­ly from star­va­tion. The sym­pho­ny was an act of defi­ance. When it was first per­formed in Leningrad (they had to round up as many musi­cians as they could, many of whom were death­ly weak and faint­ing from mal­nu­tri­tion), they set up speak­ers and broad­cast the per­for­mance to the Ger­man front lines as psy­cho­log­i­cal war­fare. The Sovi­et com­man­der of the area bombed the Ger­man artillery posi­tion just before the con­cert to ensure they were qui­et dur­ing the per­for­mance. One of the Ger­man gen­er­als sup­pos­ed­ly turned to his troops after the con­cert, and said “we’re going to lose this war”.

And speak­ing of a siege… I won­der if any­one in Tehran is com­pos­ing a sym­pho­ny?

Not much to report in the mar­kets beyond the obvi­ous — oil sup­ply and prices are obvi­ous­ly still a prob­lem, bond rates are going up, inter­est rates are going up in the U.S. and prob­a­bly here as well.

Report­ed nation­al petrol aver­ages are 235.6 cents a litre for U91 and 280.0 cents for diesel. 

Diesel is obvi­ous­ly the more con­se­quen­tial price, affect­ing freight, min­ing, agri­cul­ture, con­struc­tion and food dis­tri­b­u­tion before appear­ing in con­sumer infla­tion.

But from our per­spec­tive, it changes noth­ing. The sys­tem keep run­ning as it always does. We buy and sell accord­ing to the rules.

Market This Week (All Ordinaries)

The All Ords closed the week at 8,922.9, essen­tial­ly flat, with the ASX 200 down 0.11% for the week:

 

All the best,
Cameron

 

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PORTFOLIO UPDATE

All time, our QAV Light port­fo­lio is up 20.85% against the ASX 200’s 9.73%, which means we’re return­ing just over dou­ble what the mar­ket is doing. 

Drill down into the wid­get above to see how we are per­form­ing over dif­fer­ent time­frames, or vis­it our live port­fo­lio page.

 

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SELLS

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BUYS