Eat Yer Puddin — QAV Weekly Update 2026-11-06

Hi QAVVERS,

It’s been anoth­er inter­est­ing week! The U.S. elec­tion and the U.S. mar­ket cor­rec­tion has kept me busy. And tonight, instead of going to kung fu, we went to the local Diwali fes­ti­val in Bris­bane to watch a friend of ours per­form in a tra­di­tion­al Indi­an dance troupe. Lots of fun. Hap­py Diwali! May Lord Gane­sha guide you toward suc­cess. What­ev­er that means for you.

AUSTRALIAN MARKET UPDATE

The Aus­tralian mar­ket fin­ished the week ahead, even after Fri­day’s sell-off. The All Ords closed Fri­day 6 Novem­ber at 9,144.70, up 1.32% from the pre­vi­ous Fri­day. The ASX 200 gained 1.27% over the same five ses­sions. (30 Octo­ber clos­es; Fri­day wrap)

The ASX 200 jumped 2.61% on Thurs­day, with min­ers and tech lead­ing the ral­ly after the US elec­tion result. Then Wall Street sold off dur­ing its Thurs­day ses­sion, AFTER our mar­ket had closed. By Fri­day, local investors were sell­ing again, although the ASX 200’s 0.49% decline left most of Thurs­day’s gain intact. Banks and super­mar­kets helped lim­it the dam­age, while mate­ri­als fell 2.51% and the Small Ords lost 2.23%. The head­line index looked con­sid­er­ably calmer than some port­fo­lios would have felt. (Thurs­day wrap; Fri­day wrap)

NextDC (ASX: NXT) man­aged to keep going in the oth­er direc­tion. After Thurs­day’s near­ly 51% jump, it added anoth­er 5.6% on Fri­day to fin­ish at $10.40. Good­man Group and Dig­i­tal Real­ty’s share raid, offer­ing $9.50 a share for a hold­ing of up to 9.9%, came just two weeks after NextDC announced its Mel­bourne pow­er delay and cut its guid­ance. (Reuters; Thurs­day prices; Fri­day prices)

NAB (ASX: NAB) recov­ered 2.7% on Fri­day, but still fin­ished the week down 3.64%. Its Thurs­day result showed annu­al cash earn­ings down 13.4% to $6.14 bil­lion, with cred­it impair­ment charges near­ly dou­bling. The final div­i­dend stayed at 85 cents per share, ful­ly franked. A bet­ter Fri­day did­n’t undo a dis­ap­point­ing week. (NAB results; Fri­day and week­ly moves)

And the domes­tic econ­o­my was­n’t exact­ly pro­vid­ing encour­age­ment. On Tues­day, the RBA lift­ed the cash rate anoth­er 0.25 per­cent­age points to 4.85%, its fifth increase this year. On Thurs­day, 188-year-old David Jones went into vol­un­tary admin­is­tra­tion. High­er bor­row­ing costs and a strug­gling depart­ment store don’t tell us where the mar­ket goes next, but they’re use­ful reminders that the econ­o­my and the share­mar­ket don’t always have the same kind of week. (RBA deci­sion; RBA rate his­to­ry; ABC on David Jones)

US MARKET UPDATE

Wall Street had a rather dif­fer­ent Thurs­day. The S&P 500 fell 4.4% in a sin­gle ses­sion, clos­ing at 7,353.73 and leav­ing it down 4.75% over the five ses­sions to 5 Novem­ber. The US mar­ket closed after the Aus­tralian mar­ket, so that sell-off came after the local ral­ly men­tioned above. (AP; FRED, 29 Octo­ber close)

The drop wiped out the pre­vi­ous day’s post-elec­tion gain. Tech­nol­o­gy and AI-relat­ed stocks were among the casu­al­ties, with investors reassess­ing the enor­mous spend­ing on data cen­tres and the returns it might even­tu­al­ly pro­duce. You can believe AI will change the world and still ask whether a par­tic­u­lar com­pa­ny will make enough mon­ey to jus­ti­fy the price you’re pay­ing for it.

The Democ­rats win­ning con­trol of both hous­es of Con­gress gave the com­men­ta­tors plen­ty to talk about, too. On Wednes­day, a divid­ed gov­ern­ment was one expla­na­tion offered for the ral­ly. By Thurs­day, investors had found rea­sons to sell. Maybe we should be a lit­tle sus­pi­cious of any­one who can explain every mar­ket move with com­plete con­fi­dence. (AP; Wednes­day mar­ket report)

So, let’s get into my week­ly updates and see where we are at.

All the Best,
Cam

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QAV MYTH KILLERS

Eat Yer Puddin

Read the full arti­cle →

STOCK ANALYSIS OF THE WEEK

Aus­tralian Mem­bers can check out the stocks we trad­ed in QAV Aus­tralian Light port­fo­lios this week.

Amer­i­can Mem­bers can check out the stocks we trad­ed in QAV Amer­i­can Light port­fo­lios this week.

Tony’s Pulled Pork this week is Tab­corp Hold­ings (TAH), the com­pa­ny behind the TAB wager­ing plat­form and MAX gam­ing ser­vices brand, with a look at the turn­around under new CEO Gillon McLach­lan. Find the full deep dive at the link below.

This week’s Pulled Pork on the Amer­i­can pod­cast was Lib­er­ty Latin Amer­i­ca (LILA), a John Mal­one-backed tel­co oper­at­ing across the Caribbean and Latin Amer­i­ca that scored a QAV of 0.36 despite a rough run includ­ing hur­ri­cane dam­age and a botched Puer­to Rico acqui­si­tion. Full details in the pod­cast link below.

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BUY LIST

Each week, we pro­duce a buy list based on our val­ue invest­ing sys­tem that we share with our QAV Club mem­bers. The intend­ed pri­ma­ry pur­pose of this buy list is for club mem­bers to use as a ref­er­ence for com­par­ing their own buy list. In the­o­ry, all of our buy lists should look pret­ty sim­i­lar each week.

AUSTRALIAN BUY LIST

QAV Val­ue Invest­ing Buy List (AU) 2026-11-01

U.S. BUY LIST

QAV Val­ue Invest­ing Buy List 2026-11-01

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PORTFOLIO PERFORMANCE

We com­pare our per­for­mance to what we think is the most rel­e­vant bench­mark (SPDR 200 in Aus­tralia, S&P500 in the USA), but if you’re new to invest­ing, these com­par­isons might not mean much. Instead, you can com­pare our per­for­mance to the top-per­form­ing Super Funds in Aus­tralia and see why an ama­teur active investor (who has a sys­tem to fol­low) can out-per­form most of the “pro­fes­sion­als”.

We pub­lish a fresh per­for­mance snap­shot once a month. Week­ly noise does­n’t tell you much in a val­ue-invest­ing sys­tem — what mat­ters is the trend.

Past per­for­mance is not a reli­able indi­ca­tor of future per­for­mance.

Octo­ber 2026 per­for­mance snap­shot.

Aus­tralian Mod­el Port­fo­lio: No trades this week.

Amer­i­can Mod­el Port­fo­lio: No trades this week.

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Become a QAV Light Member today and start your investing on the right track

If you want to find out what we’re trad­ing in QAV Light each week, sign up to become a mem­ber. You’ll get an email from me every Mon­day let­ting you know what we’re buy­ing and sell­ing in that port­fo­lio. You can choose to copy our trades or not. It’s the eas­i­est way to start your rules-based invest­ing career… and you don’t even need to know the rules. I’ll fol­low the rules for you. It’s a good first step to even­tu­al­ly becom­ing a QAV Club mem­ber and learn­ing how to run the sys­tem by your­self.

QAV LIGHT: You don’t need to build it to tell the time.

Past per­for­mance is not a reli­able indi­ca­tor of future per­for­mance.

(Note: Amer­i­cans inter­est­ed in join­ing QAV Light or Club please go here instead.)

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Add QAV America — US stocks, the same QAV method

Already a QAV mem­ber? You can add QAV Amer­i­ca as your sec­ond mem­ber­ship at 50% off — US-list­ed stocks, the same QAV approach, billed in AUD through this site (just one pay­ment to keep an eye on). Add QAV Amer­i­ca →

Past per­for­mance is not a reli­able indi­ca­tor of future per­for­mance.

Not a QAV mem­ber yet? Join QAV first, then you can add QAV Amer­i­ca at the 50% mem­ber rate.

Past per­for­mance is not a reli­able indi­ca­tor of future per­for­mance.

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THIS WEEK’S EPISODES

Worth a Punt: QAV AU #954

Malone’s Phones: QAV Amer­i­ca #77

STOCK NEWS AND UPDATES

COMMODITIES

This week the big changes to com­modi­ties were the fol­low­ing:

Com­mod­i­ty	Sta­tus
LNG	JOSEPHINE

But Crude Oil and Brent Oil have also both become Josephines in the last 24 hours.

DISCLOSURE

Please review our trad­ing and dis­clo­sure pol­i­cy.

SIGNING OFF

SSDD!

• Cam

Space­craft Pub­lish­ing Pty Ltd trad­ing as QAV is a Cor­po­rate Autho­rised Rep­re­sen­ta­tive (CAR 001292718) of MF & Co. Asset Man­age­ment Pty Ltd (AFSL 520442). Gen­er­al advice only. This infor­ma­tion is gen­er­al in nature and does not take into account your per­son­al objec­tives, finan­cial sit­u­a­tion, or needs. Past per­for­mance is not a reli­able indi­ca­tor of future per­for­mance.

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That’s it for the week!

QAV A GOOD SHAREMARKET!

Got a ques­tion? [email protected]