Portfolio Positioning: Tech stocks power the ASX200 to fresh 12-week highs

The ASX200 added to December’s gains on Tuesday, taking it up more than 2%, and we still have more than half of the month left. As we’ve said a few times of late, as we head into the seasonally strong fortnight for stocks, the index is looking good for at least a retest of the 7400-7450 area. The broad market was again firm on Tuesday, with no sectors falling and over 70% of the main board ending the session higher. Apart from the strong performance of the tech names, the influential banks and major miners have remained firm over recent weeks.

scroll

OPINION
ACTION

Latest Reports

Alerts 21/05/2025 09:58

Trade Alerts – Income & Emerging Companies Portfolios

We are making changes across two portfolios.

Morning report 21/05/2025 09:38

Portfolio Positioning: The RBA delivers the “Goldilocks scenario” for stocks

The ASX200 advanced +0.6% on Tuesday following the 0.25% rate cut by the RBA and a far more dovish outlook from Michele Bullock. Bond yields plunged on commentary about inflation, now within the RBA target band both in terms of the headline rate and the trimmed mean, with RBA forecasts expecting it to stay that way.

Afternoon report 20/05/2025 16:58

The Match Out: Rate cut as expected, with more to come it seems. “For now, we’re in a good position” says the RBA

An interesting session for Aussie stocks, with initial strength being sold into, which has been a trend of late, only for the RBA to deliver a more ‘dovish’ cut than expected at 2.30pm which prompted a good bounce across most sectors into the close.

Alerts 20/05/2025 09:51

Trade Alert – Active Growth Portfolio

We are making several changes to the Growth Portfolio this morning.

Morning report 20/05/2025 09:39

What Matters Today: Finding order in today’s disorder

Monday saw the ASX200 fail to notch its 9th consecutive gain following Moody's US credit rating downgrade. The index finished down -0.6%, with over 65% of the main board retreating in line with US S&P 500 futures ahead of the night's fascinating session.

Afternoon report 19/05/2025 17:26

The Match Out: Commodities & energy drag ASX down as investors await RBA rate-decision

A soft session to start the week and it seems the market has taken the US debt downgrade from Moody’s as a catalyst to reduce risk, particularly sectors exposed to global growth such as commodities.

Morning report 19/05/2025 09:38

Macro Monday: The RBA gives a confidence boost to Aussie stocks & housing

As the US first-quarter earnings season draws to a close, stocks have rallied on easing trade tensions and results that have largely been better than feared/expected. However, companies across the US, Europe and China are pulling their forecasts for the year or providing gloomy outlooks, citing rising costs, weak consumer sentiment and a lack of business confidence as a result of President Donald Trump’s worldwide trade offensive - they’re laying the foundations for a tough 2nd half of 2025, while hopefully hoping to overdeliver if things turn out not too badly.

Weekend report 17/05/2025 09:32

Weekend Q&A: The RBA will be centre stage this week, with a rate cut expected

The ASX 200 ended the week up +1.4 %, taking the month's gains to +2.7%, as the index pushed within striking distance of February's all-time high. The energy and tech sectors drove the gains, both ending the week by more than 5%, while defensive/rate-sensitive stocks dragged the chain, i.e. “risk on” was the order of the day. Out of the mainboard's 11 sectors, only the consumer staples, Utilities, and real estate sectors closed lower. The US-China “Trade Truce” set the platform for a strong start to the week, before the Australian market posted its highest level in three months on Friday after soft US economic data paved the way for interest rate cuts in Australia and the United States. The positive statistics are continuing to line up:

Afternoon report 16/05/2025 17:11

The Match Out: ASX books another strong week, now up 16% from the lows

SPI Futures were uber bullish overnight up nearly 100pts, outpacing gains in other markets and that drove a bump on open for stocks, however, it didn’t last with the main board giving back the lion’s share of gains as the day progressed, ultimately trading more than 50pts off the early highs – a sign of exhaustion in the short term after a great rally in stocks.

Morning report 16/05/2025 09:51

What Matters Today: ETF Friday focuses on ASX200 Sectors

The ASX 200 rallied for a seventh consecutive day on Thursday. Although the gain of less than 2% has been relatively modest, the sellers remain largely absent as bank dividends are due to hit investors' accounts next month, and the EOFY looms.