Skip to Content
scroll
A200
MM remains bullish towards the ASX200 around 9150
Add To Hit List
IVV
MM is bullish towards the S&P 500 around 7700
Add To Hit List
GMG
MM is long and bullish GMG
Add To Hit List
WBC
MM is cautiously bullish WBC based on the prospect of a Special Dividend
Add To Hit List
SPOT US
MM remains long & bullish SPOT US~$US480
Add To Hit List
NVO US
MM remains cautiously bullish NVO ~$US44
Add To Hit List
PNI
MM remains long & bullish PNI around $17.70
Add To Hit List

Latest Reports

Morning report

What Matters Today: Has Kazatomprom just reignited the Uranium Trade?

The ASX 200 rallied +0.5% on Monday to close just above the psychological 9100 level, but it wasn't all plain sailing with less than 55% of the main board closing higher. The story remained consistent on the sector front, with the gains by the materials (+61 points) minus the financials (-21 points) almost exactly equalling the day's +44-point net advance. The miners remain the driving force of the ASX, and the reason we’ve recently been outperforming the US, especially since the Treasury pledged support to try and rein in long-dated US bond yields. BHP Group (BHP) grabbed the headlines on Monday, posting new all-time highs, but there were plenty of standout performances amongst the big miners.

Afternoon report

The Match Out: ASX rises as BHP hits a record high and Materials surge

The local market started the week on stronger footing today, rallying sharply at midday before giving back some of the gains through the afternoon. The move was overwhelmingly driven by Resources, hitting a fresh all-time high as copper, lithium, uranium, gold and iron ore names rallied together as BHP pushed to a record high.

The Match Out Market Matters 2
Morning report

Macro Monday: Washington “needs” cheaper money & it’s great for our miners!

Last week saw Scott Bessent emerge as one of the most interventionist Treasury secretaries in financial markets in decades, putting his and the Treasury's credibility on the line in an effort to combat the damaging rise in US borrowing costs. On Wednesday, just two weeks after releasing its schedule for buying back older Treasury securities, the Treasury Department announced it would “at least double” its planned purchases of outstanding 10-year to 30-year debt.

Weekend report

Weekend Q&A: The miners are poised to surge higher on Monday

The ASX 200 slipped 0.6% last week despite stellar gains by the healthcare (+9.2%) and materials (+5.6%) sectors, as the “Big Four Banks” continued to weigh heavily on the local index. We're three weeks into August and reporting season is going “ok”, but the polarisation between the miners and banks remains entrenched: the miners are rallying with strength in copper and gold while the banks are struggling, being hit with the trifecta of a crunch in housing activity, net interest margin compression, and rising risks of bad debts - as Led Zeppelin famously sang in the 70’s “The Song Remains the Same.”

Afternoon report

The Match Out: ASX lower as healthcare and REITs drag; GYG shines and gold miners hold firm

The ASX 200 finished lower today taking the weekly decline to around 0.6% as the market gave back part of Thursday’s rebound. The index traded in a relatively narrow range through the day, but underneath the surface the tone remained patchy, with Real Estate, Technology and Consumer Discretionary doing most of the damage while Financials finally managed to stabilise after a very weak run.

The Match Out Market Matters 2
Morning report

ETF Friday: Will ETFs exacerbate the weakness in the “Big Four Banks”

The ASX 200 closed up +0.3% on Thursday with the resources, ably supported by tech, finally able to offset weakness from the banks, ending a six-day losing streak. On the day, the materials sector added 85-points to the ASX 200 while the financial sector caused a 57-point drag, big numbers when we consider the index only closed up +30-points. The polarisation in performance through August between the banks and miners has been almost unparalleled.

Morning report

What Matters Today: Does the analogy “Don’t fight the Fed” also apply to the US Treasury as they start buying bonds?

The US yield curve has been steepening sharply, with the gap between 2 and 30-year yields widening to ~111bp from ~69bp in late June. Importantly, this is a bear steepener: long-term yields have been rising much faster than short-term yields, reflecting growing investor concern around US deficits, sticky inflation, elevated oil prices and the enormous supply of government and corporate debt. At the same time, softer economic data and a Fed appearing to be on hold for now are keeping the 2-year yield relatively anchored.

Afternoon report

The Match Out: ASX edges lower as tech tumbles; Mirvac & Stockland buck the weakness

The ASX 200 extended its recent pullback for a sixth consecutive decline. The market spent the session firmly in negative territory but recovered from its lows into the afternoon, with seven of the 11 sectors finishing lower as weakness across Technology, Real Estate and Financials outweighed another strong session for Healthcare and Energy and strong results in select Property stocks providing some support.

The Match Out Market Matters 2
more
image description

Relevant suggested news and content from the site

image description
Overview
image description
Webinar Recording: Are commodities entering a Supercycle?
image description
Thursday 11th September – Dow off -220pts, SPI off -20pts
image description
NexGen Energy Ltd (NXG)
image description
Buy Hold Sell: The 6 income stocks readers love, plus 2 expert ideas
image description
Wednesday 10th September – Dow up +196pts, SPI down -4pts
image description
Deep Yellow Ltd (DYL)
image description
Buy Hold Sell: 5 ASX tech stocks bouncing back from the SaaS-pocalypse
image description
Paladin Energy Ltd (PDN)
image description
Pulse Check Webinar: Portfolio positioning post the Budget
Members only

UNLOCK MARKET MATTERS NOW

Take a free trial.

No payment details required.

Already a member? Click here to login

The ASX 200 delivered a stellar albeit surprising performance for the second consecutive Tuesday; this time it was an exceptional triple-digit gain that took the index to a fresh 5-month high, and within 1% of a new record. Interestingly, the SPI futures volume was average, implying gains were driven more by a lack of selling to meet the increased risk appetite than aggressive buying.  The bears should be getting uncomfortable on several fronts, and we thought it worth highlighting the pertinent comment we made in yesterday afternoon. “The Match Out Report”:

 

Back to top