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A200
MM remains bullish towards the ASX200 around 8800 into Christmas
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IVV
MM remains bullish towards the S&P 500 below 7700
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IKO
MM is neutral towards the KOSPI around 5500
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NXT
MM is neutral towards NXT around $9
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IREN US
MM prefers IREN to CRWV at current levels
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KIT
MM now believes KIT offers attractive value around $1.72.
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ABB
MM remains long & bullish ABB
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Latest Reports

Morning report

Portfolio Positioning: Is the AI investment boom hitting a speed hump?

The ASX staged a valiant recovery on Tuesday, clawing back much of its early losses to finish down just 0.3%, despite fewer than 40% of the main board managing to post gains. A soft quarterly update from BHP, and a subsequent -1.6% drop by the Big Australian, contributed 55% of the index's decline on its own, with the more defensive consumer staples and healthcare names stemming the losses.

Afternoon report

The Match Out: ASX lower, BHP dishes up softer quarter in Copper

The ASX 200 traded lower on Tuesday, with the heavyweight miners and banks doing most of the damage, although the market recovered a fair chunk of its early losses as technology and consumer staples found buyers. The important point was the rotation beneath the surface: resources remained under pressure, but some of the more heavily sold growth names continued to attract bargain hunters.

The Match Out Market Matters 2
Morning report

What Matters Today: Can China’s improved growth turn the dial?

The ASX 200 ground out a +0.4% gain to start the week, but it wasn’t all plain sailing, with over 50% of the main board closing on the wrong side of the ledger. A +1% average gain by the “Big Four Banks” contributed most to the day's advance, while the miners had a mixed session, with BHP Group (BHP) gaining +0.7% helped by the pick-up in China's growth, which we will look at today, while South32 (S32) -2.6% and PLS Group (PLS) -2.7% were drags on the index. However, Monday was all about takeover fever, a subject MM has written about a few times in 2026.

Afternoon report

The Match Out: Takeover fever lifts ASX as Cleanaway (CWY) and Challenger (CGF) surge

A strong day for the ASX, closing higher in a session where deal-making stole the show helping the broader market shrug off another bout of global technology jitters. Energy and financials supported the market, but technology stocks remained under pressure amid concerns over debt-funded AI investment while stronger-than-expected Chinese GDP growth offered some positive signs for the resources outlook, despite property investment continuing to slump.

The Match Out Market Matters 2
Morning report

Macro Monday: Bad news might just be good for the ASX

Thursday's employment data shocked the market and media alike, with employment falling by 39,300 compared to the 20,000 increase economists were expecting. Bad news for the government ahead of next month's Victorian State election, but a welcome reprieve for the RBA, with markets now pricing in only a ~40% chance of another 25bps rate hike before Christmas, although inflation could ultimately force their hand if oil prices keep rising. In 10 days, we get the September CPI (inflation data), which will go a long way in determining the next move on rates.

Weekend report

The Weekend Q&A: A rare week of local outperformance

The ASX 200 finished a volatile week up +1.0%, although the headline gain masked some fairly aggressive rotation beneath the surface. Utilities (+4.5%), Healthcare (+3.9%), Consumer Staples (+3.4%) and Financials (+3.2%) led the market higher, while Materials (-2.3%), Real Estate (-1.7%) and Information Technology (-1.3%) lagged. Investors continued to rotate into some of the more beaten-up and defensive areas of the market, while resources came under pressure.

Afternoon report

The Match Out: ASX jumps as beaten-up tech and miners lead recovery

The local market staged a broad recovery today as technology and materials stocks bounced back from heavy losses, supported by easing concerns around the global AI thematic, triggering renewed buying across oversold sectors though weakness in banks and consumer staples limited the advance.

The Match Out Market Matters 2
Afternoon report

The Match Out: ASX pares losses as softer jobs data lifts rate hopes

Local shares finished marginally lower as a defensive rotation into consumer staples and financials offset a sharp sell-off in miners, technology and data centre stocks, with softer domestic employment data providing some relief on interest rate expectations after hotter-than-expected US inflation reignited rate concerns overnight.

The Match Out Market Matters 2
Morning report

What Matters Today: Glencore (ASX: GLC) debut on the ASX – what may come next?

The ASX 200 was hit -0.6% on Wednesday for no obvious reason, with renewed selling in the banks the main weight, with the financials accounting for more than 70% of the index's decline. However, weakness was broad-based, with over 70% of the main board closing lower, and the miners adding to the market's woes, which unfortunately look set to extend today.

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The ASX staged a valiant recovery on Tuesday, clawing back much of its early losses to finish down just 0.3%, despite fewer than 40% of the main board managing to post gains. A soft quarterly update from BHP, and a subsequent -1.6% drop by the Big Australian, contributed 55% of the index’s decline on its own, with the more defensive consumer staples and healthcare names stemming the losses.

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