With reporting season opening, is the ASX’s earnings recovery real, or just miners and banks? On this week’s Switzer Show, FNArena’s Rudi Filapek-Vandyck names five all-weather stocks to own through the volatility, Shaw and Partners’ Adam Dawes explains the AI sell-off and reveals why he is shorting a supermarket, and Peter Switzer asks Mark Bouris whether Australia is heading for a housing crash. Marty Switzer hosts.
On this week’s show:
- Rudi Filapek-Vandyck, FNArena: why this has been a minefield market, with the ASX 200 up around 6% for the year but barely positive once you strip out dividends, and an earnings “recovery” that is really just miners and banks; why the 12% earnings-growth forecast looks too high heading into an August full of downgrades; and five all-weather stocks to own through it: Technology One, Macquarie Group, Washington H Soul Pattinson, Goodman Group and Breville Group. Plus why he walked away from WiseTech.
- Adam Dawes, Shaw and Partners: the semiconductor sell-off and the blow-up of the heavily leveraged Situational Awareness hedge fund, whether the AI trade has more to run with Nvidia the next big test, and three calls for reporting season: buy Brambles and Ventia, and short Woolworths at all-time highs.
- Plus, our feature interview with Mark Bouris, Yellow Brick Road: whether Australia is heading for a housing crash, what his own loan book says about the post-budget market, and what he learned from Donald Trump and Kerry Packer.
Every stock discussed on the show, in the guests’ own words: All the stocks from this week on the Switzer Show (3 August 2026).
Rudi Filapek-Vandyck of FNArena and Adam Dawes of Shaw and Partners disclosed their own positions where relevant on the program; the views are their own, as stated on the Switzer Show on 3 August 2026. Nothing in this episode is financial advice. Consider your own circumstances and seek professional advice before investing.
