Weekend report 14/12/2024 09:22

Weekend Q&A: Adopting a more neutral stance as equities retreat

The ASX200 ended the second week of December down by 1.48%, with the tech sector leading the retreat, tumbling by 5.7%. This was accompanied by real estate, financials, and industrials, which all declined by around 2%. The consumer staples and materials sectors were the only pockets to close up for the week, and they both advanced less than 0.1%. On the stock front, we saw some standout performance reversion from trends of 2024:

Afternoon report 13/12/2024 17:10

The Match Out: ASX breaches 8300 support, finds a bounce

The index closed lower for the 4th straight session, breaching the 8300 level but finding some support and bouncing 40 points off its lows, the ‘Santa Rally’ now well and truly in reverse with the market having retraced 3 weeks of gains.

Morning report 13/12/2024 09:16

What Matters Today: Does MM see opportunities in the digital marketplace stocks?

The ASX200 opened firmly on Thursday before reversing more than 50 points to finish the session down 0.3%. Strong unemployment data did not help the day, reining in bets for an RBA rate cut in February.

Afternoon report 12/12/2024 16:32

The Match Out: Strong employment data reduces optimism towards a February cut

A soft session locally with the kibosh put on a positive open mid-morning as employment data was stronger than expected casting a shadow over the RBA’s new found dovish stance, the market quickly bringing back the probability of a February cut to a coin toss.

Alerts 12/12/2024 10:02

Trade Alerts – Active Growth Portfolio

We are amending the Active Growth Portfolio Today

Morning report 12/12/2024 09:43

What Matters Today: Three stocks we like as the RBA pivots on rates

The market further embraced Tuesday's more dovish rhetoric from Michele Bullock on Wednesday as bonds rallied (yields lower) and the Aussie Dollar fell to fresh 2024 lows on the prospect of RBA rate cuts in 2025. Our preferred scenario is unchanged, but the risks have certainly skewed to a more aggressive path by the RBA.

Afternoon report 11/12/2024 16:48

The Match Out: 70% of stocks finish lower, ASX now down 2% from highs.

It was all about rate expectations today after the RBA commentary yesterday afternoon, with limited news on the corporate front. Stocks sensitive to a cut crawled higher, and some of the more crowded trades reversed - real estate and consumer discretionary all alone in the green as the other nine sectors fell. The index moved lower from the opening bell and didn’t look like recovering.

Morning report 11/12/2024 09:43

Portfolio Positioning: The RBA ignites the “Rate Cut” optimism fire

The ASX200 slipped -0.36% on Tuesday, but the pronounced stock/sector rotation is what caught our attention. The stimulatory rhetoric out of Beijing on Tuesday saw aggressive buying return to the ASX miners, in a similar fashion to late September.

Afternoon report 10/12/2024 17:35

China stimulus ignites resources, RBA seems closer to cutting rates

An interesting session for the ASX today with some aggressive rotation out of the highflyers into the beaten-up miners following news of further Chinese stimulus.

Alerts 10/12/2024 11:25

Trade Alert – Emerging Companies Portfolio

We are making several amendments to the Emerging Companies Portfolio