Bullock’s wrong. DJs and Canva show this may feel worse than recession
Published . Updated .
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RBA governor Michele Bullock isn’t sugar-coating what’s coming. But artificial intelligence disruption may add a new element of pain to a traditional slowdown.
Directly affected
- No company is named in this report.
Indirectly affected
- DBA Invesco DB Agriculture Fund-6.1% 30d
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “sugar” (grains and farm goods) in this story.
- WEAT Teucrium Wheat Fund-5.5% 14d
Teucrium Wheat Fund: it follows farm commodity prices. Linked by “sugar” (grains and farm goods) in this story.
- QQQ Invesco QQQ-10.3% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story.
- EWA iShares MSCI Australia ETF+2.2% 30d
iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“rba”).
- MSFT Microsoft+1.8% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
- GOOGL Alphabet-20.6% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
- ADM Archer-Daniels-Midland-10.8% 30d
Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “sugar” (grains and farm goods) in this story.
- AMZN Amazon.com-3.6% 30d
Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DBA | +2.11% | +1.22% | base | after close | after close | after close | after close |
| WEAT | +0.68% | +1.09% | base | after close | after close | after close | after close |
| QQQ | +5.88% | +0.76% | base | after close | after close | after close | after close |
| EWA | +1.62% | +1.58% | base | after close | after close | after close | after close |
| MSFT | +2.19% | +0.22% | base | after close | after close | after close | after close |
| GOOGL | +16.24% | -0.00% | base | after close | after close | after close | after close |
| ADM | +9.32% | +8.87% | base | after close | after close | after close | after close |
| AMZN | +1.58% | -4.14% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Bullock’s wrong. DJs and Canva show this may feel worse than recession AFR
Source: AFR
Price since this story was published: Spdr Dow Jones Industrial Average Etf Trust (DIA)
| Company | When | Move | Status |
|---|---|---|---|
| ADM | three days earlier | +8.87% | final price |
| ADM | five days earlier | +9.32% | final price |
| AMZN | three days earlier | -4.14% | final price |
| AMZN | five days earlier | +1.58% | final price |
| DBA | three days earlier | +1.22% | final price |
| DBA | five days earlier | +2.11% | final price |
| EWA | three days earlier | +1.58% | final price |
| EWA | five days earlier | +1.62% | final price |
| GOOGL | three days earlier | -0.00% | final price |
| GOOGL | five days earlier | +16.24% | final price |
| MSFT | three days earlier | +0.22% | final price |
| MSFT | five days earlier | +2.19% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +0.76% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +5.88% | final price |
| WEAT | three days earlier | +1.09% | final price |
| WEAT | five days earlier | +0.68% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 35 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 37 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 51 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 69 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 8 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 68 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Dow Jones Industrial Average Etf Trust (DIA)
Companies tied to this story
- DIA Spdr Dow Jones Industrial Average Etf Trust
For “Bullock’s wrong. DJs and Canva show this may feel worse than recession,” Spdr Dow Jones Industrial Average Etf Trust (DIA) is linked, with no stored direction, medium confidence. Reason on file: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “recession” (the broad US market) in this story
- QQQ Invesco Qqq Trust, Series 1
In “Bullock’s wrong. DJs and Canva show this may feel worse than recession,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it is a broad US stock-market fund. Linked by “recession” (the broad US market) in this story
- IWM Ishares Tr
Ishares Tr (IWM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Bullock’s wrong. DJs and Canva show this may feel worse than recession.” Reason on file: iShares Russell 2000 ETF: it is a broad US stock-market fund. Linked by “recession” (the broad US market) in this story
- RSP Invesco Exchange Traded Fd T
Invesco Exchange Traded Fd T (RSP) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Bullock’s wrong. DJs and Canva show this may feel worse than recession.” Reason on file: Invesco S&P 500 Equal Weight ETF: it is a broad US stock-market fund. Linked by “recession” (the broad US market) in this story
- VTI Vanguard Index Fds
In “Bullock’s wrong. DJs and Canva show this may feel worse than recession,” Vanguard Index Fds (VTI) is linked, with no stored direction, medium confidence. Reason on file: Vanguard Total Stock Market ETF: it is a broad US stock-market fund. Linked by “recession” (the broad US market) in this story
Spdr Dow Jones Industrial Average Etf Trust (DIA)
“Bullock’s wrong. DJs and Canva show this may feel worse than recession” (4 Nov 2026) reaches Spdr Dow Jones Industrial Average Etf Trust (DIA) through this story.
What ties Spdr Dow Jones Industrial Average Etf Trust (DIA) to the headline is this: SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “recession” (the broad US market) in this story
Invesco Qqq Trust, Series 1 (QQQ) is here too. Its reason reads: Invesco QQQ: it is a broad US stock-market fund. Linked by “recession” (the broad US market) in this story
Dates and price levels for Spdr Dow Jones Industrial Average Etf Trust (DIA)
DIA traded between 504.92 and 522.62 across 18 sessions. The latest close on file is 515.65. IWM traded between 269.88 and 285.25 across 20 sessions. The latest close on file is 279.20. QQQ traded between 680.34 and 758.19 across 20 sessions. The latest close on file is 681.22.
How strong the case is around Spdr Dow Jones Industrial Average Etf Trust (DIA)
40 out of 100
“Bullock’s wrong. DJs and Canva show this may feel worse than recession” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.