Nick Scali (NCK)

03/02/2022

Latest Reports

Afternoon report 05/11/2026

The Match Out: Shorts are for the beach today! ASX rips 2.6%

A huge day for Aussie equities, with the ASX bouncing strongly following the US mid-term elections, a pullback in oil and lower bond yields. Technology led the charge, surging around 10%, while Materials ripped 7.5% higher - 8 of the 11 sectors finishing in the green. Energy and Financials were the notable laggards. Energy weakness was understandable as oil prices cooled, while NAB’s soft FY26 result was enough to put the kibosh on the banks, making the broader market move even more impressive.

Morning report 05/11/2026

What Matters Today: Market opportunities post the US mid-terms

The ASX 200 followed the US futures aggressively lower on Wednesday as it became clear that President Trump and the Republicans had lost control of both the Senate and House; the bookies got it correct.