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The ASX200 ended April in a very different tone to the majority of the Easter month, local stocks closed down -0.8% with almost 70% of the index closing in the red. However even a weak Friday wasn’t enough to make a meaningful dent in the months performance with April still closing up +3.5% taking the annual gain to just over +6.5% year-to-date. The banks have dominated 2021 with ANZ Bank (ANZ) and Westpac (WBC) both up almost 30% while the local tech stocks has seen some of the biggest losses, a very different story to recent years and the US market where the NASDAQ again made fresh all-time highs last week.

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Latest Reports

Weekend report

Weekend Q&A: October’s volatility arrives on Friday night!

The ASX200 ended the week mildly softer, with tech and consumer discretionary stocks dragging the index down 0.3%. While the index treads water on the stock & sector level, the local market is getting more interesting with a strong performance by the miners almost offsetting broad-based weakness, with 5 of the main 11 sectors retreating between 1.4% and 2.4%. By Friday's close, the winners' enclosures contained an eclectic mix, with the material sector dominant in the positive contributors while the tech names were noticeable on the other side of the ledger:

Morning report

What Matters Today: Will the RBNZ reinvigorate the “yield” trade?

The ASX200 slipped 0.1% on a quiet Wednesday, which saw some initial morning weakness before buyers returned, taking the index back towards unchanged. Outside of Wesfarmers (WES) -7.5 points and James Hardie (JHX) +5.7 points, none of the main board added or retracted more than 2 points from the index.

what matters today Market Matters
Morning report

Portfolio Positioning: The US Government remains shut, but markets are calm

The ASX200 peeled away 0.3% on Tuesday, the first “real” day of trading this week, although losses weren’t overly broad-based, with 40% of the main board closing higher. While the retailers led the decline, it was noticeable to see some profit-taking wash through many pockets of the market as the US government lockdown drags on, even some gold names closed lower, despite the precious metal posting fresh highs.

what matters today Market Matters
Afternoon report

The Match Out: ASX trickles lower in quiet session

A softer session for local equities, with volumes still light on the ground despite positive offshore leads, with gold’s relentless rise still clearly in focus with several brokers upgrading their forecasts. We think some consolidation is overdue for local stocks - a healthy reset as we move through October remains our expectation for now.

The Match Out Market Matters
Morning report

Macro Monday on Tuesday: Volatility is slowly rising as we head into October

As we head into October, volatility has started to brew beneath the surface. In the US, volatility on the stock level is testing multi-year highs, and locally, it wasn’t that long ago that we saw the most volatile reporting season in recent memory. And in the last 24-hours, with the infamous October less than one week old, we’ve started to see big moves across stock and commodity markets.

what matters today Market Matters
Weekend report

Weekend Q&A: The ASX is on track for new all-time highs this week

The ASX200 ended last week up +2.3%, with the first three days of October already recouping all of September's decline. The healthcare sector made a welcome return to the winners' enclosure, ably supported by the influential miners and banks, while the energy sector was the only meaningful drag on the index. Only a flat week by the heavyweight iron ore miners reined in performance, although their sector peers worked hard to address their slumber, with 18 members of the materials sector closing out the week up more than +5%.

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