Morning report 29/06/2026 09:37

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 09:24

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.

Afternoon report 26/06/2026 16:37

The Match Out: ASX edges higher as gold miners recover from recent weakness

A flat finish capped off a soft week for equities, with the ASX 200 down 0.8% and just two trading sessions remaining before EOFY. Technology (-5%), Materials (-4%) and Energy (-4%) were the week's biggest drags, while investors rotated into more defensive areas such as Consumer Staples (+3%) and Utilities (+2%). The standout, however, was the beaten-down retail sector, which rallied more than 3.5% for the week. We continue to see further upside here as the market increasingly prices out the prospect of additional interest rate hikes by the RBA.

Morning report 26/06/2026 09:22

ETF Friday: Is the Oil Selloff Creating a Buying Opportunity in Energy ETFs?

The ASX200 retreated by -0.7% on Thursday, yet the number of winners and losers was evenly matched. As we’ve touched on a few times this week, the market is going through a “risk-off” period with investors rotating into some of the more defensive and often underperforming names of FY26. If MM is correct and the $A finds support ~69c, the current aggressive profit-taking in the miners could be approaching its conclusion, perhaps in time for the start of FY27.

Afternoon report 25/06/2026 17:01

The Match Out: ASX falls as resources rout continues, JDO plunges on guidance downgrade

The ASX struggled to gain any traction today, with another sharp selloff across the resources complex outweighing a strong rotation into defensive sectors. While the headline index finished lower, the move masked a notable improvement in market breadth, with more than half of ASX 200 stocks closing in positive territory as investors continued shifting away from the commodity trade and back towards Healthcare, Consumer Staples, Discretionary and Real Estate.

Alerts 25/06/2026 09:50

Portfolio Amendments – Active Growth Portfolio

We are making a switch within the Active Growth Portfolio

Morning report 25/06/2026 09:25

What Matters Today: Is It Time to Forgive CSL (ASX: CSL) and Reconsider the Healthcare Sector?

The ASX 200 rebounded 0.2% on Wednesday as ASX software names benefited from rotation out of Asian chipmakers, on what felt like a first for 2026, with gains the most aggressive where losses have been the steepest: WiseTech Global (+14%) and Xero (+9%). The toughest call at the moment is whether we are seeing some meaningful reversion, or simply ongoing EOFY book squaring.

Afternoon report 24/06/2026 16:58

The Match Out: ASX snaps four-day skid as mixed CPI keeps RBA’s August hike alive

The local market broke a four-day losing streak today, with the ASX 200 grinding higher as investors weighed a mixed May inflation print. Headline CPI cooled to 4% — softer than the 4.3% expected, largely on falling fuel prices — but the RBA's preferred trimmed mean measure accelerated to 3.6%, above forecasts, keeping underlying inflation pressures alive. The Aussie dollar slumped to an 11-week low before paring losses, as markets turn to Thursday's jobs report and an evening speech from RBA deputy governor Andrew Hauser for the next steer on policy.

Morning report 24/06/2026 09:36

Portfolio Positioning: SpaceX sell-off reverberates around the World

The ASX200 lost early gains on Tuesday, as tech selling cascaded around the world following SpaceX’s ~16% fall in US trade. Yesterday's sell-off in the semiconductor stocks, some of the biggest beneficiaries of the AI boom, gathered momentum throughout the day, and saw the Korean Kospi close down 10%, with SK Hynix Inc. and Samsung Electronics Co. both sliding more than 12%.

Afternoon report 23/06/2026 16:38

The Match Out: Banks hold firm as Materials & Tech weigh on the ASX

The ASX 200 finished lower today, with choppy trade through, in positive territory briefly before selling in technology, resources and small caps outweighed strength in the major banks and defensive sectors. Resilience in the Big Four provided some cushion, but market breadth was notably weak with around two-thirds of stocks finishing in the red. Investors continued to digest developments around US-Iran peace negotiations, while positioning ahead of tomorrow's Australian inflation data and ongoing scrutiny of the AI trade.