Relative Return Insider: Record markets, AI hype and inflation risks

In this episode of Relative Return Insider, host Keith Ford speaks with AMP chief economist Shane Oliver about the ASX brushing record highs amid a robust profit reporting season and whether a bullish view on AI is actually a case to exit US tech stocks. Oliver broke down how strong results from miners and banks has driven the Australian market to a new high despite cost‑of‑living pressures, inflation worries and global geopolitical risks. Tune in to hear: Why AI's long‑term winners may be outside big US tech. Whether AI will be truly transformative or if it will fall below expectations. How public spending is adding to demand and inflation pressures, but the inflation spike should be partly temporary.