Portfolio Positioning: How should we be positioning portfolios as China threatens stocks?

The ASX200 tumbled 2% yesterday courtesy of the combination of gathering downside momentum in global equities and China’s deteriorating COVID picture which is seriously threatening to derail global growth as lockdowns loom across the world’s 2nd largest economy. China is following the rest of the world’s approach to COVID elimination only more than a year behind schedule, Xi Jinping et al are now considering locking down Beijing in an effort to follow their zero-tolerance policy towards the virus – good luck with that! The “million-dollar question” is how far will China go to fight COVID…

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Afternoon report 11/11/2025 17:22

The Match Out: CBA sinks the ASX on soft quarterly

The ASX200 wavered through Tuesday’s session, opening up strongly after steps toward a resolution for the U.S government shutdown saw U.S markets rip overnight.

Morning report 11/11/2025 09:45

What Matters Today: The unheralded mining services names continue to kick goals

The ASX 200 rallied strongly on Monday, closing up +0.8% with 70% of the main board finishing higher. The local bourse enjoyed a strong tailwind from US futures and commodity prices as risk markets bounced on the news of the imminent end to the US government shutdown.

Afternoon report 10/11/2025 16:49

The Match Out: ASX bounces, ANZ climbs despite profit miss

A constructive start to the week underpinned by strength in US Futures on news the Govt shutdown is nearing an end – that supported the risk on trade with the ASX building on gains as the session progressed, fueled by good buying in tech, Gold and Uranium.

Morning report 10/11/2025 09:49

Macro Monday: The market’s animal spirits are waning

The stock market didn’t crash last week, but after 7-months of “risk-on” enthusiasm, cracks have started to emerge. Rich valuations and fresh doubts over the real-world payoff of AI dragged US tech stocks to their worst week since April.

Weekend report 08/11/2025 08:26

Weekend Q&A: Corporate Australia weighs on the ASX

The ASX 200 finished the week down -1.3%, sliding to new 9-week lows on Friday and marking 7 declines in the past 9 trading sessions. Only the energy sector provided meaningful support to the index, while technology, resources, and rate-sensitive areas such as consumer discretionary and real estate noticeably underperformed.

Afternoon report 07/11/2025 17:27

The Match Out: Weaker corporate news flow sinks stocks

Lots of corporate news across the ticker today, most of it was negative. Weaker results from Macquarie, sluggish domestic travel volumes at Qantas, higher costs for Afterpay owner Block, a weaker 2H outlook for advertising business oOmedia, mid-single digit growth (only) for REA Group and a near halving of share price for Alliance Aviation – it’s easy to understand why the market traded lower to end another softer week for equities.

Morning report 08/11/2025 08:49

ETF Friday: Is it time to “Buy the Dip” in the AI Trade using ETFs?

The ASX 200 bounced +0.3% on Thursday, helped by a strong session for the miners and energy names. Some stability in the likes of gold and iron ore was enough to push the sector higher, with all but a handful of names posting solid gains. The top-200 surged almost 70-points in early trade, but handed back more than half those gains as momentum waned in the afternoon, led by a couple of negative surprises on the stock level:

Afternoon report 06/11/2025 17:43

The Match Out: ASX halts multi day slide, NAB result misses

The ASX 200 edged higher snapping a multi-day slide as miners and gold stocks rebounded on firmer commodity prices. Sentiment spilled over from US markets following a buy-the-dip rally on Wall Street, though the push higher was muted by a weaker session for banks after a softer result from NAB and WBC trading ex-dividend.

Morning report 06/11/2025 10:43

What Matters Today: Is the bull market in rare earths already over?

The ASX 200 slipped 0.11% on Wednesday, with investors taking a more risk-off stance across most sectors and stocks. The materials sector weighed the heaviest on the day, ably supported by tech names, which followed in the footsteps of overseas weakness across the “AI Trade”.

Afternoon report 05/11/2025 17:28

The Match Out: ASX down, Goodman reconfirms guidance

A choppy session for the ASX today, hit early to be down ~80pts at the lows, before staging an impressive recovery to finish only mildly lower. IT, Materials and Real-Estate were the main targets, with some decent moves lower in some areas, particularly the Uranium, Gold, Lithium & Rare-Earth stocks, following similar moves overseas. A higher U.S Dollar is weighing on this trade in the short term, though we don’t doubt that theme will last.