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Last week’s wild gyrations on Wall Street shook investor confidence, but amazingly, US stocks wiped out early losses to deliver their best weekly gain since 2023. The Fear Index (VIX) spiked towards 60 on Monday before dropping to about 37 on Friday afternoon as relative calm returned to markets—a good sign into the weekend when posts can fly on X.

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Latest Reports

Afternoon report

The Match Out: ASX creeps higher as U.S trade court trumps tariffs… for now

The local market edged higher today after opening mildly weaker, lifted by strength in energy and tech stocks. A strong result from Nvidia pre-market sparked bullish sentiment toward AI enabling a +1.9% jump in NASDAQ futures, while the U.S Court of International Trade ruled against the Trump-imposed tariffs, fuelling ~30pt lift on the ASX mid-morning.

The Match Out Market Matters
Afternoon report

The Match Out: ASX cools, Goodman reconfirms guidance, MinRes cuts production

The market opened on the firm side, pushing to a new high in this recent recovery, before sellers took control post a very mildly hotter monthly inflation read. It actually felt more like index selling that dominated today, shown through both the financials and materials being the weakest links, with selling persisting throughout the afternoon.

The Match Out Market Matters
Morning report

What Matters Today: The Energy Sector is warming up nicely

The ASX 200 failed to build on a strong session on Wall Street, finishing down 0.1% on Wednesday, with weakness in the banks more than offsetting broader buying, as over 55% of the main board closed higher.

what matters today Market Matters
Morning report

Portfolio Positioning: The Path of least resistance remains up

The ASX200 advanced +0.6%, closing at a three-month high, on Tuesday. The index was trading lower into lunchtime before the S&P 500 futures got the proverbial “bit between its teeth,” pushing higher after Japan indicated it’s considering a reduction in bond issuance.

what matters today Market Matters
Afternoon report

The Match Out: Stocks continue to climb the wall of worry

The direction of least resistance remains on the upside, with the ASX adding another 0.5% in what should have been a quiet day of trade. No noise (from Trump) is good noise, though it seems when noise does come out, the market is digesting it much better, on the expectation it will ultimately get diluted. Our premise going into and through the tariff meltdown was that this was a strategy rather than a policy, which is proving to be the case, though the market is becoming complacent as it trades only ~250pts below it’s all-time high.

The Match Out Market Matters
Afternoon report

The Match Out: ASX flat, Uranium & Gold the place to be today

A weaker open was implied by SPI Futures, though an easing in time frames by President Trump towards the EU following a ‘nice talk’ between the two saw US equity futures rally, dragging our market with them. Uranium stocks the place to be today, and while news broke during our trading session on Friday (about Trumps executive orders to fast track Nuclear), the moves were undercooked, so, some further upside played out today. We think this is a material change in ‘vibe’ towards the sector that could be the catalyst to see the term contracting market fire back up.

The Match Out Market Matters
Weekend report

Weekend Q&A: The RBA supports the ASX, but Trump’s back on the prowl

The ASX 200 ended the week up 2.47% courtesy of the widely anticipated RBA rate cut and Michele Bullock's not-so-widely-expected dovish rhetoric. Credit markets are now looking for an additional three rate cuts by Christmas or February’26 at the latest. Not surprisingly, the rate-sensitive names led the advance, with tech, real estate, and financial stocks adding the most points to the index, riding the RBA wave of optimism, although there were plenty of losers on the stock level, as the macro and economic news kept on flowing.

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