Afternoon report 11/06/2026 16:47

The Match Out: Same story, different session – ASX drops then rallies through the day

The ASX spent much of today proving a point that has become increasingly apparent over recent weeks – investors are prepared to look through the headlines. Fresh US strikes on Iranian targets overnight initially sparked another risk-off move across global markets, sending oil higher, pushing the Aussie dollar to a two-month low and weighing on growth stocks.

Morning report 11/06/2026 11:56

What Matters Today: Lithium’s Big Rally: Is a Gold or Bitcoin-style correction around the corner?

The ASX 200 enjoyed another solid performance on Wednesday, trading lower in the first hour before again pushing up throughout the session to finish the day up +0.6%. The local bourse has delivered consecutive strong intra-day performances, despite headwinds from overseas markets, with US S&P futures trending lower while we pushed higher, daring us to question if the ASX has finally regained its mojo?

Afternoon report 10/06/2026 16:56

The Match Out: ASX looks through US-Iran tensions to close higher, Steadfast (SDF) jumps on $6.7bn takeover bid

The ASX pushed higher today despite another round of US-Iran hostilities overnight, with investors continuing to look through the latest developments in the Middle East and instead focusing on the broader trajectory of negotiations.

Morning report 10/06/2026 09:35

Portfolio Positioning: The ASX shrugs off Consumer Confidence, testing multi-decade lows

The ASX showed impressive resilience on Tuesday, reversing early triple-digit losses to finish down just 0.21%, in a near carbon copy of the previous week's price action. The broader market was healthier than the index implied, with fewer than 40% of stocks on the main board closing lower. However, the heavyweight miners continued to cause a significant drag, with BHP alone effectively accounting for all of the ASX200's decline. As June 30 approaches, some profit-taking and performance reversion are beginning to emerge across one of the market's standout-performing sectors.

Afternoon report 09/06/2026 16:41

The Match Out: ASX shakes off a rough start as defensives shine and miners stay under the pump

The ASX spent most of today digging itself out of an early hole, with the market initially rattled by Friday night's strong US payrolls report before steadily recovering through the session. After falling sharply at the open, buyers gradually returned and by the close the index had trimmed the bulk of its losses - the market remains willing to buy weakness despite ongoing uncertainty around rates.

Morning report 09/06/2026 09:31

Macro Monday on Tuesday: There’s plenty of cash in them hills – where will it go?

We read an interesting article in the Australian Financial Review (AFR) over the weekend, by Macquarie’s Viktor Shvets, around how to “play broken bubbly markets”. It was a good read by the well-respected Global Strategist, but the paragraph that caught our attention was around liquidity, one of the reasons MM has remained bullish towards global equities in 2026 - remember most major indices have enjoyed a solid albeit volatile year.

Weekend report 06/06/2026 09:11

Weekend Q&A: Stocks are set for a test after the long weekend as US bonds retreat

The ASX 200 fell 1.2% for the week as weakness in Financials (-2.1%) and Materials (-2.4%) offset a strong rebound in technology stocks. The ASX Tech Sector surged 7.7%, led by Pro Medicus (+25%), Megaport (+23%) and WiseTech Global (+11%), as investor concerns around AI disruption eased. Market sentiment remained cautious amid escalating US-Iran tensions, falling iron ore prices and ongoing softness in the Australian property market. Miners, banks and gold stocks were among the worst performers, while investors increasingly rotated towards defensive sectors. A stronger-than-expected US jobs report late in the week pushed bond yields higher and reignited concerns that the Federal Reserve may need to keep interest rates elevated. The NASDAQ fell 4.8%, its sharpest decline since April 2025. Looking ahead, US CPI data will be the key focus. A softer inflation reading could support growth and technology stocks, while a stronger result may pressure rate-sensitive sectors and reinforce expectations of further policy tightening. SPI Futures currently suggest the ASX 200 could open around 1.3% lower when trading resumes.

Afternoon report 05/06/2026 16:22

The Match Out: ASX ends the week in retreat, MP1 comes back on with a bang

Defensive rotation dominated Friday's session as traders continued to shed miners and banks in favour of healthcare and consumer staples, with iron ore's slide to a three-month low and lingering global uncertainty around the lingering Iranian situation hurting sentiment. The ASX 200 finished the week down –1.22%, capping a broadly risk-off five days.

Morning report 05/06/2026 09:19

ETF Friday: Three ETF’s to capture the SaaSurrection

The ASX200 retreated on Thursday as geopolitical concerns returned to the forefront, with fresh hostilities between the US and Iran offsetting recent optimism around peace negotiations. At the same time, investors took the opportunity to bank gains in the high-flying mining sector, which has supported the market through May.

Afternoon report 04/06/2026 16:39

The Match Out: Middle East tensions and iron ore fears drag the ASX lower

The ASX was on the back foot from the opening bell as investors digested overnight missile strikes between the US and Iran. Selling was significant but orderly, with the market moving gradually lower through the morning before popping and stabilising ~30pts above the lows for much of the afternoon.