scroll

ASX index once volume returns

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 20/12/2024

ASX index once volume returns

Hi guys, Merry Christmas and a happy new year. Look forward to the ongoing reports and quality views. I'm hoping I've just squeezed in for the cut off the weekend. You mentioned in todays report that 8000 looking likely for the ASX. Would you call this a fair value after the US rerating, or is this just down to the low volume Christmas period? I was in for a Santa rally, but got caught out, I wasn't expecting such a sell off and now second guessing what range we'll likely see once the Christmas dinner has been digested and we all slowly return to work. Do you think it would be a fair call to say that it's been over cooked and we'll see a decent bounce in the new year. I would've thought our stocks are looking appealing at the moment due to the exchange rate and with any luck some China stimulus and rate cuts. Regards, Simon

Answer

Hi Simon,

Sorry you missed cut off by a few hours but it is Christmas! Hence brief answer – Happy Christmas & 2025!

Our “Best Guess” into 2025 is a deeper pullback will ensue, probably taking the local index under 8000, especially because there’s lots of momentum traders sitting on large profitable positions.

However, the with the RBA about to start cutting rates, we hope, and Trumps market friendly policies still to follow we believe this will provide an excellent opportunity to buy quality stocks assuming the market basically moves as one.

chart

ASX200 Index

LAST UPDATED 20/12/2024 14:24

Latest Reports

Weekend report 10/05/2025

Weekend Q&A: Stocks take a well-deserved rest as tariff news improves

The ASX 200 ended a relatively quiet week down just 0.1%, not a bad effort considering ANZ and Westpac (WBC) delivered slightly softer 1H25 results, and WBC traded ex-dividend. Positive tariff news from the UK and US, plus optimism that something positive will come from the pending early talks between the US and China, supported a fairly lacklustre market, which remained in a tight 1.3% range all week. With news flow from Trump 2.0 relatively slow, the market was primarily keying off stock-specific news from reporting and the Macquarie Conference, leading to a very mixed bag in the “Winners & Losers” enclosure:

Afternoon report 09/05/2025

The Match Out: Positive US-UK trade talks fuel ASX rise

Technology stocks led the way today as the market opened a soft +10pts higher but quickly gained momentum following a positive session in the US overnight where risk-on sentiment fueled small caps higher after framework around trade policy between the White House and the UK firmed – a 10% base, though potential rollback of certain tariffs remains in play.