The Match Out: Early optimism fades, ASX slides into the close

Some optimism seen early with positive talk around the US debt ceiling negotiations but that seemed to evaporate, with the ASX following Asian markets down the gurgler by the close. Financials & property were solid, but anything linked to the consumer was soft.

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Morning report 04/09/2025 09:13

What Matters Today: Three Portfolio moves flashing on our radar

The ASX200 hit a buyers' air pocket on Wednesday, leading to its worst day in 5 months when a weak session on Wall Street combined with a strong local GDP print of +1.8% year on year, above the 1.6% expected by economists.

Afternoon report 03/09/2025 17:32

The Match Out: ASX whacked as hotter than expected growth tempers rate cut expectations.

Morning report 03/09/2025 09:40

Portfolio Positioning: The Bull Market feels tired, for now

The ASX200 slipped 0.3% on Tuesday, with over 65% of the main board closing lower, led by the consumer discretionary and staples sectors. With reporting season behind us, the local market feels tired and lacklustre after its +26% rally from its panic “Liberation Day” April low.

Afternoon report 02/09/2025 17:04

The Match Out: Stocks drift lower on little news

A second session where stocks drifted lower on very little news flow, with the US market closed overnight for Labor Day and economic + company data thin on the ground.

Morning report 02/09/2025 09:33

What Matters Today: Can the Retail Sector keep powering ahead?

The ASX200 fell away after an ok first 30 minutes to end Monday, the first trading day of September, down 0.5%. The ASX started the new month on the wrong foot, dragged down by the big banks and major miners, while gold surged to a new all-time high following another post by Donald Trump - more on this later.

Afternoon report 01/09/2025 17:19

The Match Out: ASX starts historically weak month on the back foot

Weakness crept into the ASX today as we start the most challenging month of the year, where the ASX has fallen on average 2% for the past 10 years. Dividends play a role here, however we’ve seen declines 70% of the time, and with markets at/near all-time highs, it’s easy to see why some profit taking may creep into the market ahead of the seasonally strong December quarter. Defensives and Gold outperformed while Tech was the obvious pocket of weakness.

Morning report 01/09/2025 09:32

Macro Monday: Let’s hope a tough week for the President doesn’t trigger volatility

The ASX200 closed up +3.6% for August, shrugging off its seasonally weak tag, having closed lower 70% of the time over the last decade. Interestingly, September is usually worse. It has fallen 80% of the time over the last decade, resulting in an average loss of 2.35%.

Weekend report 30/08/2025 08:57

Weekend Q&A: The volatile reporting season draws to a close – it’s been exhausting!

The ASX200 slipped 0.1% lower on Friday, but it still finished the week up +0.1%. As we’ve said a few times lately, it's feeling a touch tired above 9000. It was another week to remember from a reporting perspective, which dominated much of the movement on the sector level, although the materials sector continued to enjoy a strong recovery, topping the leader board for the week and month.

Afternoon report 29/08/2025 17:56

The Match Out: ASX dips as reporting season comes to a close

The ASX finished an up and down session slightly lower as reporting season volatility continued, with results headlined by strong gains in Harvey Norman and Mesoblast on the other side with ~10% moves for both continuing the trend of outsized share price reactions to earnings beats/misses.

Morning report 29/08/2025 09:47

ETF Friday: Can ETFs offer good exposure to Rare Earths?

The ASX 200 advanced +0.2% on the penultimate trading day of August, taking its monthly gain to +2.7%. As we often say, there are “lies, more lies, and statistics,” and in this case, the average decline for August and September combined over the last decade before 2025 was around -3%. Interestingly, when August managed to close positively, it was followed by a poor September. Time will tell this year, but the market is feeling tired.