Afternoon report 17/11/2025 17:02

The Match Out: ASX snaps 4 day losing streak by a whisker

The local market looked set for another down day and its fifth straight in the red, before a strong midday rally turned sentiment around. After a ~200-point rout over the past week, the buy-the-dip mentality finally re-emerged as US futures rose, driving the index back into positive territory – albeit, only just.

Morning report 17/11/2025 09:46

Macro Monday: Cracks appear in the “AI Trade” ahead of Nvidia results

Wall Street may have notched its worst day in over a month on Thursday, but one category of assets has fared far worse this week — meme stocks. One painful example is NuScale Power (SMR US), a popular stock in the US used to play the power generation buildout theme for AI data centres, which plummeted ~50% last week, extending its losses from mid-October.

Weekend report 15/11/2025 09:47

Weekend Q&A: Corporate Australia and the Fed steal the ASX’s “Mojo”

The ASX 200 ended the week down 1.5% trading at its lowest level since July, with the vast majority of the damage unfolding on Friday. The week ended with the local market suffering its worst day in 10 weeks amid a global pullback in risk assets. Hawkish comments by Fed officials on Thursday night dialled back expectations that they would cut rates in December, sending rate-sensitive stocks lower. The tech, financial, and real estate sectors were the worst performers, while the materials and energy names again led the line, gaining 3.8% and 1.9%, respectively

Afternoon report 14/11/2025 17:34

The Match Out: ASX suffers worst week since March

The Australian market copped another heavy bout of selling today, with sentiment rattled by growing fears that interest rates in both the US and Australia aren’t coming down any time soon. The move follows Wall Street’s largest one-day fall in a month and caps the ASX’s worst week since March.

Alerts 14/11/2025 16:51

Trade Alert – Active Growth Portfolio

We are making two changes to the growth portfolio today.

Morning report 17/11/2025 09:35

ETF Friday: Navigating the volatile resources through the lens of ETFs

Volatility is on the increase in equities, but it's already been high in recent months across the commodity markets, from precious metals to lithium and copper. The moves have been significant as investors and traders have battled with the usual supply and demand fundamentals, combined with the almost random-like comments coming out of the Whitehouse. However, while the resources sector hasn’t been for the fainthearted, it has outperformed in 2025, with the Materials Index up 24% year-to-date, while the previously much-loved tech space is down 11%. This morning, we updated our views across 6 commodities using related ETFs as the need to keep our finger on the pulse increases.

Afternoon report 13/11/2025 17:06

The Match Out: Stronger employment sniffs out chance of a rate cut this year, DroneShield whacked as CEO shows no faith

The ASX200 dropped sharply today, falling to a ten-week low after a strong jobs report dashed hopes of near-term RBA rate cuts, sending the rate-sensitive real estate and tech sectors down. The roaring gold sector provided a buffer, while the psychological 8700 level proved itself as a support, with a broad ~55pt rally softening the blow into the close.

Morning report 13/11/2025 10:04

What Matters Today: The New Energy Stack for AI

The ASX200 closed down 0.2% on Wednesday, reversing early gains and closing below the psychological 8800 level. Over 50% of the main board closed higher, but another 3% drop by CBA was enough to drag the index lower, with Australia's largest bank now over 17% below its June high.

Afternoon report 13/11/2025 08:38

The Match Out: ASX falls late, Min Res rips on asset sale

The ASX finished lower today with decent sessions from miners and energy stocks more than offset by weakness in technology and financials, as selling in CBA struck again, capping broader momentum.

Morning report 12/11/2025 09:36

Portfolio Positioning: CBA drags the ASX into the red all on its own

The ASX200 started Tuesday in an encouraging fashion, up ~0.5%, as the US government neared a reopening deal, before the index reversed to close down 17 points, or 0.2%. The weakness was almost entirely down to CBA, even though winners outstripped losers by 2:1, when the ASX's largest stock tumbles 6.6%, the local bourse is going to struggle to close higher.