MM is neutral WBC around $25

22/09/2021

MM is neutral WBC around $25

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Morning report 26/06/2026

ETF Friday: Is the Oil Selloff Creating a Buying Opportunity in Energy ETFs?

The ASX200 retreated by -0.7% on Thursday, yet the number of winners and losers was evenly matched. As we’ve touched on a few times this week, the market is going through a “risk-off” period with investors rotating into some of the more defensive and often underperforming names of FY26. If MM is correct and the $A finds support ~69c, the current aggressive profit-taking in the miners could be approaching its conclusion, perhaps in time for the start of FY27.

Afternoon report 25/06/2026

The Match Out: ASX falls as resources rout continues, JDO plunges on guidance downgrade

The ASX struggled to gain any traction today, with another sharp selloff across the resources complex outweighing a strong rotation into defensive sectors. While the headline index finished lower, the move masked a notable improvement in market breadth, with more than half of ASX 200 stocks closing in positive territory as investors continued shifting away from the commodity trade and back towards Healthcare, Consumer Staples, Discretionary and Real Estate.