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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