MM now has no interest in ANN at current levels

23/12/2021

MM now has no interest in ANN at current levels

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Morning report 29/06/2026

Macro Monday: Could the AI Trade be the next Gold & Bitcoin?

Last week saw a sharp reversal across the high-flying semiconductor stocks, many of which had surged around fourfold over the past 12 months. We have already seen in Bitcoin and gold over the past year that crowded enthusiasm can unwind quickly when the mood shifts. Even SpaceX (NASDAQ: SPCX) closed more than 30% below its post-IPO high on Friday.

Weekend report 27/06/2026

Weekend Q&A: The EOFY looms with the ASX200 still treading water.

The ASX200 ended the week down -0.7%, leaving the index a mere +0.4%, after promising so much in the middle of last week. The main drag on the index was again the miners, despite a bounce on Friday, with heavyweights RIO (-2%), BHP Group (-2%), and Mineral Resources (-12%), offsetting a recovery in the rate-sensitive retail, healthcare, and real estate sectors. We’re now six months into 2026, and the index is up less than 1%, despite strong moves in both directions.