Macro Monday: Reasons to be bullish - part 3

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Morning report 12/10/2026 09:51

Macro Monday: Reasons to be bullish – part 3

Shawn reckons the current market reminds him of an old 1980’s song – Reasons to be Cheerful – part 3 (here), hence the title of today’s note – certainly showing his age! Despite the ongoing unsettling news across the newswires, we remain positive on equities here, and today we’ll outline some of the reasons that underpin that view.

Weekend report 10/10/2026 09:06

Weekend Q&A: Sector rotation is telling us bond yields may have reached their nadir

The ASX 200 finished a choppy week up +0.4% with the rate sensitive utilities (+3.6%), real estate (3.6%), healthcare (+3.5%) and consumer discretionary (2.4%) sectors leading the markets gains. Action on the index level was relatively quiet, however, it was anything but on the stock front with 10 stocks falling by more than 10%, for an average decline of mare than 16% while only two stocks rewarded investors with double digit gains - it felt like fund managers were actively tweaking their portfolios as we enter the December quarter.

Afternoon report 09/10/2026 16:39

The Match Out: ASX finishes the week off strong, Firmus pulls ASX IPO

The ASX finished the week on a firmer note, extending its recovery after a volatile few sessions. Market breadth improved, with 9 of 11 sectors higher and ~70% of ASX200 stocks finishing in the green.

Morning report 09/10/2026 09:59

Fund Friday: Private Credit – Metrics et al.

The ASX 200 fell away on Thursday afternoon to close down -0.8%, with weakness in the influential banks and heavyweight miners again driving the index lower while further bargain hunting was evident in the rate-sensitive end of town, although not with any great gusto as would be expected when the index is tumbling toward a fresh 4-month low.

Afternoon report 08/10/2026 16:49

The Match Out: Rising bond yields drag ASX lower, Maas Group (MGH) whacked on weak Firmus IPO demand

The ASX was hit by another bout of selling on Thursday as surging global bond yields and weakness across the resources sector weighed on the market.

Morning report 08/10/2026 09:48

What Matters Today: Reviewing the 5 new entrants to the ASX 200

The ASX 200 failed to hold onto its early gains on Wednesday ultimately ending the session down -0.1%, smack in the middle of the day’s trading range, with the influential banks and miners dragging the index lower despite over 60% of the main board closing higher. The rate-sensitive stocks again caught our eye bucking the trend with all major retailers and real estate stocks outperforming the broader index.

Afternoon report 07/10/2026 16:56

The Match Out: ASX slips as Banks and Miners weigh, Uranium stocks jump on Alphabet nuclear deal

The ASX finished slightly lower today snapping a four-day winning streak as the market struggled to follow another record session on Wall Street. A majority six of 11 sectors finished higher, though the heavyweight sectors weighed on the bourse overall. Healthcare and Real Estate led the market, while Financials and Materials were the biggest drags.

Alerts 07/10/2026 09:45

Trade Alert – Active Growth Portfolio

We are adding a new position to the Growth Portfolio

Morning report 07/10/2026 09:42

Portfolio Positioning: Consumer confidence tests its 30-year low

The ASX advanced +0.6% on Tuesday on relatively broad based gains with over 60% of the main board closing higher. However, it was the rare combination of strength in both materials and financials that dragged the index higher, contributing ~86% of the days advance from a points perspective. What caught our eye was some buying coming back into some of the consumer facing stocks, ironically just as consumer confidence data plunged towards a 30-year low - there’s nothing quite like the combination of rising interest rates and cost-of-living pressures to squeeze everyday Australians, particularly when the holy grail of household wealth - property prices, are falling at the same time.

Afternoon report 06/10/2026 17:03

The Match Out: ASX continues its bounce as REITs and Materials drive gains

The ASX moved higher for a third straight session with some confidence returning to the market. The rally was driven by a very different mix of stocks to what we saw on Wall Street overnight, with Real Estate leading despite bond-yields remaining elevated, and Materials also looking strong. Technology was the only significant detractor, failing to mirror the move seen overnight in the US as the tech-focused Nasdaq surged to new all-time highs.