Wednesday 9th July - Dow off -165pts, SPI down -7pts

09/07/2025

Wednesday 9th July – Dow off -165pts, SPI down -7pts

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Afternoon report 16/07/2025

The Match Out: ASX down, weakest session since early May

The ASX had its worst day since 5th May today, which implies we’ve had a pretty good run in stocks despite ongoing trade uncertainty. The market was hit on the open, with all sectors trading in the red before recent trends emerged; banks experiencing ongoing selling while resources bounced from their intra-day nadir.

Morning report 16/07/2025

Portfolio Positioning: Fed rate cut bets wane, even after a soft CPI

The ASX200 surged +0.7% on Tuesday following broad-based gains, which saw 70% of the mainboard close higher. The index posted a fresh record closing high for the second time in a fortnight, ignoring plenty of negative news along the way. Ironically, the only sector which slipped on the day was the materials even after China reported better-than-expected quarterly economic growth, although we wouldn't be surprised to see this translate to some buying in the miners into August.