MM is happily running XRO at this stage

27/07/2023

MM is happily running XRO at this stage

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Latest Reports

Morning report 22/06/2026

Macro Monday: Rotation continues as a hawkish Fed weighs on stocks

The Fed may have left interest rates unchanged last week, but its accompanying commentary caught the market napping. Incoming Fed Chair Kevin Warsh's first FOMC meeting delivered a clear message: inflation remains the enemy, rate cuts are not guaranteed, and investors should continue to expect a data-dependent Fed.

Weekend report 20/06/2026

Weekend Q&A: BHP Group (ASX: BHP) brings the ASX back down to earth

After a strong start to the week, which saw the ASX200 rally back towards the 9,000 level, the local market reversed sharply on Thursday and Friday, trimming gains to finish the week up just +0.3%. The damage was done by the combination of hawkish commentary from the Fed's new Chair, Kevin Warsh, and a more than 5% plunge by heavyweight BHP Group (ASX: BHP) on Friday after its Canadian Potash Project saw costs blow out by US$2.3bn.