Wednesday 16th April - Dow -155pts, SPI down -3pts

16/04/2025

Wednesday 16th April – Dow -155pts, SPI down -3pts

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Morning report 24/06/2025

What Matters Today: Are property stocks set to rise as Auction Clearance rates hit a 1-year high?

The ASX200 was trading down almost 1% at midday on Monday before buyers returned, trimming over half of the morning's losses. The song remains the same, with buyers of weakness emerging, and again, banks led the way, e.g. Commonwealth Bank (CBA) +1%, and Westpac (WBC) +0.6%. Considering the geopolitical backdrop, Monday's 0.4% pullback was a stoic performance, which, in our opinion, illustrates that many investors, across the whole spectrum, have been caught underweight in stocks following the market's aggressive post “Liberation Day” V-shaped recovery.

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