Portfolio Positioning: Scott Bessent installs market calm after the Easter weekend's ructions

The ASX200 slipped just 0.03% on Tuesday, a big win considering the Dow tumbled almost 1000 points on Monday night. However, the market internals weren’t as strong, with over 75% of the ASX200 closing lower, but when CBA surges +4.2% and BHP, Westpac & Macquarie play minor supporting roles, the local index will find it hard to fall far.

scroll

OPINION
ACTION

Latest Reports

Alerts 03/07/2025 10:01

Trade Alerts – Income Portfolio

We are making several changes to the Income Portfolio today

Morning report 03/07/2025 09:37

What Matters Today: Fund managers start to fire as the ASX tests all-time highs

The ASX200 enjoyed a strong session on Wednesday, briefly taking the market back above 8600 before drifting back slightly into the close. The miners led the gains from a points perspective, with the materials sector contributing almost 50% of the day's gain, led by BHP, which delivered 18% of the advance on its own. However, from a sheer performance perspective, the fund managers dominated the winners' enclosure, taking out the top 3 spots - more on these guys later.

Afternoon report 02/07/2025 16:59

The Match Out: ASX knocks on all-time high, Domino’s dusted!

Some volatility on the stock level hit today, with Dominos whacked as the new CEO resigns, Helius lost another big customer and fell ~20% while UBS scattered a couple of Tom Thumbs in the wealth/funds management sector, taking a more favorable stance – a topic we’ll look at tomorrow morning. By the close, the market was back testing 8600, some 80 points above the midday low, and the bullish vibe has now hit July!

Alerts 02/07/2025 15:25

Trade Alert – International Equities Portfolio

We are trimming an international stock after a strong run

Income Report: Asset allocation framework when targeting income

Morning report 02/07/2025 09:55

Portfolio Positioning: MM is looking to “tweak” portfolios into FY26

The ASX200 has started July in subdued fashion, remaining unchanged after its first two trading sessions. As would be expected after a quiet start to the week and month, news was thin on the ground, but we did see some action starting to unfold on the stock level.

Afternoon report 01/07/2025 16:58

The Match Out: A flat start to FY26 for Aussie stocks

A lacklustre first trading session of FY26 with the index trying to push higher early but faltering before the closing bell. All those itching to sell CBA can now do so without paying tax for a while prompting some re-allocation amongst the banks - ANZ the standout today up +2.5% while CBA fell by 1.2%. It was fairly quiet elsewhere.

Morning report 01/07/2025 09:28

What Matters Today: Looking in the rearview mirror & through the windscreen into FY26

A slightly shorter report today as we take a deep breath after our busiest day of the year. As the saying goes, there are two certainties in life: “death and taxes”. At MM, we see it big time with investors taking out subscriptions ahead of the EOFY, a great win-win in our opinion.

Afternoon report 30/06/2025 17:22

The Match Out: ASX finishes FY25 up +9.98%, James Hardie (JHX) rallies on takeover approval

A solid final trading session for the financial year was underpinned by strength in the banks early after their U.S counterparts passed financial regulator stress testing with flying colours overnight, though it wasn’t to last with the move reversing through the session.

Morning report 30/06/2025 09:47

Macro Monday: Should we chase stocks into fresh all-time highs?

The most recognised equity index in the world, the US S&P 500, posted new all-time highs on Friday, leaving many fund managers and retail investors apprehensive about chasing the rally into the second half of 2025.

Weekend report 28/06/2025 09:07

Weekend Q&A: The ASX is knocking on the door of all-time highs, with one day to go

The ASX200 finished the week up just +0.1% after Friday's sharp, almost 100-point reversal lower from early highs, led by the banks, taking the index back towards the 8500 level. However, under the hood, not everyone danced as one, with eight of the mainboards' eleven sectors retreating, led by energy and utilities, while the advances by the heavyweight financial and resources were enough to ensure the index closed positive, albeit just: