Westpac (WBC)

09/05/2022

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Morning report 11/05/2026

Macro Monday: Earnings, not social media posts, ultimately drive stocks

Outside of the post-COVID rebound, corporate America has just delivered one of its strongest earnings seasons in more than a decade. Approximately 85% of S&P 500 companies beat expectations, with the Magnificent Seven posting profit growth well in excess of 50%, providing the engine room for the broader rally.

Weekend report 09/05/2026

Weekend Q&A: The ASX continues to tread water while US tech stocks surge to new highs

The ASX200 experienced a choppy week, ultimately closing up +0.2% following Fridays triple-digit loss as tensions between the US and Iran took a turn for the worse. The local index was threatening to break out toward fresh highs on Thursday before yesterday’s -1.5% sell-off, leaving the market stuck in the 8600-9000 trading range where it’s now looked comfortable for more than a month. The rate-sensitive stocks continue to weigh on the ASX with retail and real estate continuing to drag the local index back despite the best efforts of the miners which saw the materials sector gain +4.3% through the week, with more set to come on Monday.