Weekend report 31/10/2026 09:27

Weekend Q&A: The “AI Trade” unwinds into the US mid-terms

The ASX 200 finished up +1.3% last week, and +1.4% for October, an impressive performance considering the volatility on overseas markets around the AI Trade. The miners bounced well, although it's going to be a tough start on Monday, while the banks also enjoyed a solid week, with ANZ, our preferred member of the “Big Four”, making a new all-time high. However, consumer-facing stocks remained under pressure, with the consumer staples (-5.1%) and consumer discretionary (-2.4%) sectors weighing on performance.

Afternoon report 30/10/2026 17:01

The Match Out: ASX higher but loses most of it’s early gains, finished up ~1.3% in October

It was shaping up to be a very strong finish to October for the ASX early today, with the index up almost 1% and briefly pushing back toward 9,000 for the first time since early September. Unfortunately, the strength didn’t last. The ASX steadily gave back most of its gains through the afternoon as weakness in global technology stocks, resources and selected growth names weighed, eventually closing ~80 points below the early session highs.

Alerts 30/10/2026 09:32

Trade Alerts – Active Growth & Income Portfolios

We are making changes to our Active Growth and Active Income Portfolios today.

Morning report 30/10/2026 09:24

What Matters Today: Three sectors where not all boats are rising/sinking as one

Firstly, we have a new data provider now feeding the Market Matters website, with the cut over completed overnight. Further enhancements to come in coming months, which will tie in our expanded data set with some interesting tools to better analysis the market as a whole and improve the navigation around the site.

Afternoon report 29/10/2026 16:47

The Match Out: Banks and REITs lift ASX as Retailers and Miners slide

The ASX posted a solid session as select rate-sensitive sectors helped the market extend gains despite a hotter local CPI print yesterday, with banks and property shares leading after Wall Street rose on the Federal Reserve’s decision to hold rates overnight. Consumer stocks remained under pressure amid softening retail updates, while Materials came off the boil slightly, with lithium names particularly soft as Chinese spodumene prices fell.

Morning report 29/10/2026 09:42

What Matters Today: Should we fade Wednesday’s hot CPI print?

After opening lower, only to reverse higher on Monday and Tuesday, Wednesday's hot inflation data saw the opposite unfold as the ASX 200 lost an early morning 87-point gain to finish the day mildly lower.

Afternoon report 28/10/2026 17:02

The Match Out: Miners & Tech lead early before hot CPI puts the brakes on ASX rally

The ASX gave back much of its early advance, with a ~90pt intraday reversal after hotter-than-expected inflation data lifted rate concerns. Miners and technology shares held up well as the market continued to respond positively to the Anthropic IPO filing yesterday, while Defensive sectors lost ground, reversing some of their recent outperformance

Alerts 28/10/2026 09:56

Trade Alert – Active Income Portfolio

We are making several changes to the income portfolio today.

Morning report 28/10/2026 09:46

Portfolio Positioning: Anthropic’s IPO reinvigorates the “AI Trade”

For the second consecutive day, the ASX 200 recovered from early losses to close higher, this time a more impressive +0.5%. Gains were concentrated in the miners, with the materials sector adding 58 points to the index, while financials dragged by 18 points. If the two could just move in the same direction, we’d be trading above 9,000 in the blink of an eye! The miners, and in particular copper names, enjoyed two strong tailwinds on Tuesday.

Afternoon report 27/10/2026 17:01

The Match Out: Miners lead ASX higher as Anthropic IPO revives growth trade

The ASX recovered from an early decline as Anthropic’s IPO filing revived global appetite for AI-related stocks just as stronger-than-expected Chinese economic data helped light a fuse under the Materials sector.