Portfolio Positioning: All eyes switch to Nvidia tomorrow morning

The ASX200 retreated 0.4% on Tuesday, struggling from the get-go after Wall Street’s weakness on Monday night. Almost 60% of the market retreated, with losses concentrated in the materials and utilities sectors, although both were only down around 1%.

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Morning report 28/08/2025 09:31

Portfolio Positioning: All eyes switch to Nvidia tomorrow morning

A200

MM is now neutral towards the ASX200 in the short term

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NDQ

MM is now neutral towards the NASDAQ in the short term

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SHL

MM is now adopting a neutral stance towards SHL

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FMG

MM remains long & cautiously bullish FMG

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HCA US

MM remains long HCA in the International

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GYG

MM is neutral GYG ~$26, though we do think plenty of the hot money has now left

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Latest Reports

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Morning report 02/10/2025 09:36

What Matters Today: Reviewing the ASX200’s top 3 Performers year-to-date

After a choppy session, the ASX200 closed slightly lower on the first day of October, with BHP Group (BHP) shaving 17 points off the index, which ultimately slipped just three points. The market seesawed through the day as investors weighed reports of a halt to BHP’s China-bound iron ore shipments alongside concerns over a potential U.S. government shutdown.

Afternoon report 01/10/2025 17:08

The Match Out: ASX in mixed trading with US Govt shutdown now likely

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Morning report 01/10/2025 09:23

Portfolio Positioning: The RBA is leaving the ASX to its own devices

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Afternoon report 30/09/2025 17:26

The Match Out: ASX slips as RBA holds rates steady

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Morning report 30/09/2025 09:15

What Matters Today: Three AI stocks Taking on the “Magnificent Seven”

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Afternoon report 29/09/2025 17:14

What Mattered Today: Strong gain by the ASX ahead of RBA rate decision tomorrow

A bullish start to the week with the ASX outpacing gains seen in the US on Friday evening – the index getting the bit between its teeth from the opening bell, holding onto the gains as the day progressed.

Morning report 29/09/2025 09:00

Macro Monday: Will October deliver its traditional volatility?

The timing is striking: October is just days away, and the U.S. faces yet another potential government shutdown. If it occurs, key releases such as next Friday’s September jobs report would be delayed. Historically, shutdowns tend to inject short-term volatility but rarely have a lasting market impact, as they are often averted at the last minute or resolved quickly, a fitting backdrop for October’s reputation for turbulence.

Weekend report 27/09/2025 09:31

Weekend Q&A: The resource stocks prop up a lacklustre market

The ASX200 snapped a 3 week losing streak up +0.2% although the broad market was soft with 8 of the main 11 sectors closing lower. However, a stellar +5.9% advance by the influential materials sector was enough to see the local bourse close higher, even as global indices experienced a rare dip for 2025. This recent sector rotation into the miners will be challenged early next week following a dip by BHP in the US on Friday night.

Afternoon report 26/09/2025 18:29

The Match Out: Miners lead the way as ASX shrugs off US weakness

The ASX clawed back early weakness on Friday down about ~25pts early but rebounded strongly with a +40pt rally, edging into positive territory as strength in miners and the big banks offset heavy losses across healthcare, though only four of eleven sectors ended in the green.