Macro Monday: Both the UK and French leaders are rolling the political dice

Equity markets hate uncertainty, which was illustrated overnight by French CAC’s initial 2.4% plunge following Macron’s surprise announcement. Our underlying concern is whether stocks can maintain their upside momentum, with political and economic uncertainty increasing almost by the week—perhaps we are set for six months of ongoing stock and sector rotation.

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Alerts 06/12/2024 17:15

Trade Alert – International Equities Portfolio

We are taking profit on a bank in the International Equities Portfolio

Afternoon report 06/12/2024 17:01

The Match Out: Market momentum fades as the week progressed

Some selling pressure swept across the ASX today with over 70% of the main board finishing lower. We’ve talked about the declining momentum on the upside, and while it’s too early to conclude the bullish trend is over, some consolidation at least wouldn’t surprise.

Alerts 06/12/2024 09:40

Trade Alerts – Active Growth & Income Portfolios

We are making changes across two portfolios today.

Morning report 06/12/2024 09:20

What Matters Today: Should we avoid stocks that experience large Block Trades?

The ASX200 closed up +0.15% on Thursday in an ultimately lacklustre session, which promised more in the morning before surrendering two-thirds of its gains through the afternoon. Tech and consumer discretionary names advanced over 1% while real estate lagged, slipping -1.4%. On the commodities front, the story remains the same, and it’s starting to get a little bit monotonous as we head into Christmas, less than three weeks away.

Afternoon report 05/12/2024 16:45

The Match Out: ASX up again as mid-cap Gold stocks shine

While the market continues to edge up, it’s becoming very stock specific and we are seeing some obvious loss of momentum in to fresh all-time highs. Some profit taking in banks becoming obvious while resources by in large remain friendless.

Morning report 05/12/2024 09:59

What Matters Today: Will US miners deliver better returns than our own?

Yesterday's weak Australian GDP number was a shocker; there was no other way to describe it with bonds and the $A reacting accordingly.

Afternoon report 05/12/2024 10:01

The Match Out: ASX takes a breather, founders cash in

On a day that started off with some major transactions led by Goodman Group and ProMedicus, GDP data released mid-morning added fuel to a mixed session. Investors showed signs of exhaustion after pushing to all-time highs over the last few days, with property and banks largely responsible for dragging the index lower.

Morning report 04/12/2024 09:43

Portfolio Positioning: The ASX200 breaks 8500, and major sellers surface

After yesterday's close, China Investment Corporation (CIC) launched a massive $1.9 billion selldown of market darling Goodman Group (GMG). Citi’s equities desk was looking to place 50.4 million GMG shares or about 2.6% of the company; to put things into perspective, only 3.7 million shares exchanged hands on Tuesday.

Afternoon report 03/12/2024 16:53

The Match Out: New highs for the ASX above 8500, best day for Metcash (MTS) in years

Another key milestone on two levels for the ASX 200 today with a new all-time high (8514) and the first time the benchmark has printed 8500, with 9/11 sectors making gains.

Morning report 03/12/2024 09:54

What Matters Today: Where does MM anticipate ongoing M&A in the gold space?

The ASX200 closed up +0.1% on Monday in a fairly lacklustre session, which again saw the local index unable to build on early gains. Over 50% of the main board closed higher, with interesting moves in the resources sector after Chinese manufacturing data beat estimates.