QAV Light Weekly Update — 12 October 2026

Hap­py Mon­day, Light Brigade!

And a big wel­come to all of our new mem­bers.

I turned 56 over the week­end and ate too much. But I also trained for 5 hours on Sat­ur­day, so I don’t feel too guilty about it.

In the news this morn­ing, I see that Iran has reject­ed Washington’s response to Tehran’s sev­en con­di­tions for reopen­ing the Strait of Hor­muz and both sides are still attack­ing ships in the strait.

Mean­while Trump’s “ener­gy cease­fire” between Rus­sia and Ukraine seems to have exist­ed only in his imag­i­na­tion (like the open­ing of the Strait of Hor­muz).

Finance min­is­ters and cen­tral bankers are gath­er­ing in Bangkok as the IMF esti­mates that glob­al pub­lic debt is at its high­est lev­el since World War II and will exceed 100% of world GDP before 2030. The oil shock is arriv­ing when gov­ern­ments have less fis­cal capac­i­ty to cush­ion house­holds. A decade ago, an emerg­ing econ­o­my might sub­sidise fuel or food and bor­row the dif­fer­ence. At present yields, that response can trig­ger a cur­ren­cy decline, cap­i­tal flight and still high­er refi­nanc­ing costs.

Pro­fes­sion­als Aus­tralia mem­bers at the Aus­tralian Ener­gy Mar­ket Oper­a­tor have reject­ed three enter­prise-agree­ment offers and are demand­ing com­mit­ments that AI will nei­ther elim­i­nate jobs nor take con­trol of crit­i­cal sys­tems. This is one of Australia’s clear­est exam­ples of AI gov­er­nance enter­ing ordi­nary employ­ment nego­ti­a­tions inside crit­i­cal infra­struc­ture. It links two issues often treat­ed sep­a­rate­ly: whether automa­tion dis­places work­ers, and who remains account­able when auto­mat­ed sys­tems influ­ence high-con­se­quence deci­sions. Sim­i­lar demands may spread to util­i­ties, ports, rail­ways, min­ing oper­a­tions and gov­ern­ment agen­cies.

Market This Week (All Ordinaries)

The All Ordi­nar­ies rose 0.26% over the five trad­ing ses­sions to Fri­day 9 Octo­ber 2026, clos­ing at 8,877.70:

All the best,
Cameron

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PORTFOLIO UPDATE

For All Time, our QAV Light port­fo­lio is at +20.60% against the ASX 200 at +9.72%, just over dou­ble the mar­ket.

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

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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