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.