Portfolio Positioning: The “Trump Bump” continues to leave the resources in its wake

China attempted to give equities a shot in the arm on Tuesday but it was extremely short-lived. We expected the “China Trade” to pullback after its aggressive rally in late September but the retracement has been deeper than anticipated with the market now firmly in a “glass half empty” mood

scroll

OPINION
ACTION

Latest Reports

Alerts 28/10/2025 09:52

Trade Alert – Active Growth Portfolio

We are buying a Gold stock this morning

Morning report 28/10/2025 09:42

What Matters Today: Is the lithium sector’s recovery based on value, or short-covering

The ASX 200 advanced +0.4% on the last Monday of October, with winners and losers fairly evenly matched, but the influential banks and heavyweight resource stocks dragged the broader index higher. The combination of Friday's strong session on Wall Street following the soft CPI and optimism over a US-China trade deal lifted the local market and US futures, which were up +0.7% when the domestic day session ended.

Afternoon report 27/10/2025 17:17

The Match Out: ASX follows U.S higher on Fed rate cut optimism

The ASX200 climbed today, lifted by broad-based gains as global sentiment improved on renewed optimism around a potential US–China trade deal and expectations for a Federal Reserve rate cut later this week.

Alerts 27/10/2025 10:28

Trade Alerts – Active Growth, Income & Emerging Companies

We are making several changes across three portfolios today

Morning report 27/10/2025 09:52

Macro Monday: The Feds are set to get busy, will rate cuts push stocks ever higher?

Many economists have long warned that Trump’s tariffs would ignite a sharp rise in inflation, but that threat continues to be a dog that won’t bark. On Friday, another nail was driven into the hawks’ coffin as US inflation data came in softer than expected. Wall Street surged to new record highs, with the cooler print reinforcing market expectations that the Fed will deliver four to five rate cuts over the next year, starting with a 0.25% move this week.

Weekend report 25/10/2025 08:49

Weekend Q&A: Gold stocks pass the performance baton to oil and lithium names

The ASX200 ended the week up +0.3% with 8 of the main 11 sectors advancing. It was another week that saw investors “buy dips” while preferring to rotate between stocks/sectors as opposed to selling the market per se. Momentum traders had a week to forget with precious metals stocks getting whacked as gold and silver experienced their worst day in more than a decade, and even on Friday, gold traded in a $US100/oz range, although it again held support ~$US4,000.

Afternoon report 24/10/2025 17:12

The Match Out: stocks drift lower ahead of key US-China trade meeting

The ASX eased into the weekend as investors stayed cautious ahead of next week’s high-stakes meeting between US President Donald Trump and China’s Xi Jinping, while news of the abrupt termination of US-Canada trade talks also added some complexity to the mix.

Morning report 24/10/2025 09:42

ETF Friday: 5 ETFs on our radar as volatility picks up in commodities

The ASX 200 recovered from early losses to close marginally higher on Thursday as “buy the dip” again prevailed. At its worst, the index was down over 40-points before reversing higher in the late morning with the miners and energy names improving throughout the day, ultimately lifting the market into positive territory. Energy stocks rallied more than +3% after US sanctions on Russian oil lifted crude prices, aided by the Woodside gas deal, which provided a springboard for the sector's biggest company.

Afternoon report 23/10/2025 17:09

The Match Out: ASX recovers from early weakness, Energy leads

The ASX clawed back early losses this afternoon, closing marginally higher as a sharp rally in energy stocks offset weakness across technology and resources. Gold stocks bounced back after yesterday’s aggressive sell-off, even as spot gold traded mildly lower.

Morning report 23/10/2025 10:05

What Matters Today: Is AI the new Gold Rush or the Next Dot-Com bubble?

The ASX200 fell -0.7% on Wednesday, with volatility resurfacing in a session that saw stocks falling alongside gold and cryptocurrencies. . It was a day in which assets favoured by retail momentum traders bore the worst losses, among them precious metals, crypto and companies in the artificial-intelligence space.