Obstacles to this stock market rally are yet to emerge

The Fed’s rate cut and the implied commitment to two more cuts this year have added power to a rally that could have been due to go off the boil. But, then again, there is the promise of AI, which combined with lower US interest rates, keeps stocks irresistible to growth investors. It looks over-the-top but the pluses for stocks still outweigh the negatives, so it looks largely onwards and upwards into 2026.

Peter Switzer

September 20, 2025

6 min read

This article is for Switzer Report subscribers

Already a subscriber? Log in to access this article.

The Switzer Report is our premium investment service, built to give serious investors clarity, confidence and practical direction. Join thousands of subscribers who already rely on our leading, independent Australian investment content.

As a subscriber, you'll receive:

✓

Actionable investment ideas across Australian and global markets

✓

Model portfolios to help guide asset allocation and stock selection

✓

Weekly investment sessions with Peter Switzer, breaking down market moves and opportunities

✓

Investor Q&A access, where your questions are answered by our experts

✓

Timely insights to help you cut through the noise and focus on what matters

This isn't generic commentary — it's practical guidance designed to help you make smarter investment decisions.

Start Your 21-Day Free Trial

No commitment. Cancel anytime. Plans from $35/month.

“Switzer Report has been invaluable for my investment decisions. The expert analysis and stock picks have consistently helped me build wealth with confidence.”

★★★★★ — Michael J., subscriber since 2019

21-day free trial

Cancel anytime, no lock-in

Secure payment via Stripe