What Matters Today: Could the building stocks be poised to rally?

The rally by building stocks caught my attention yesterday in what was another fairly lacklustre session. The 4 local building stocks we are looking at today reside in the large Materials Sector which is illustrated below. At MM we had reduced our exposure to the influential Resources Sector.

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Afternoon report 22/05/2025 17:11

The Match Out: ASX down but does better than Wall Street.

A weaker session for the ASX, though a drop of 0.45% relative to the 1.6% decline on Wall Street shows good relative performance, which has been an ongoing theme in recent months. Gold stocks did well again while there was some sporadic corporate news flow that impacted individual names, but not a lot of top tier news flow today.

Morning report 22/05/2025 09:36

What Matters Today: Can the other banks follow CBA to new highs?

The ASX 200 extended May's advance to +3.2%, taking the index within striking distance of its February all-time high. However, although the market finished up 0.5%, gains were far from broad-based, with over 45% of the ASX200 closing lower.

Afternoon report 21/05/2025 17:39

The Match Out: RBA rate cut fuels ASX higher, gold back on track

The ASX hit a new 3-month high today on residual optimism from yesterdays more dovish RBA rhetoric. The majority of stocks rallied, banks pushed up again and we saw a number of corporates provide solid updates, though not all were rosy. The backdrop for Australian equities has certainly improved in the last month, and it just seems a matter of time before we’re writing about new all-time highs at the index level.

Alerts 21/05/2025 10:50

Trade Alerts – Income & Emerging Companies Portfolios

We are making changes across two portfolios.

Morning report 21/05/2025 09:38

Portfolio Positioning: The RBA delivers the “Goldilocks scenario” for stocks

The ASX200 advanced +0.6% on Tuesday following the 0.25% rate cut by the RBA and a far more dovish outlook from Michele Bullock. Bond yields plunged on commentary about inflation, now within the RBA target band both in terms of the headline rate and the trimmed mean, with RBA forecasts expecting it to stay that way.

Afternoon report 20/05/2025 16:58

The Match Out: Rate cut as expected, with more to come it seems. “For now, we’re in a good position” says the RBA

An interesting session for Aussie stocks, with initial strength being sold into, which has been a trend of late, only for the RBA to deliver a more ‘dovish’ cut than expected at 2.30pm which prompted a good bounce across most sectors into the close.

Alerts 20/05/2025 09:51

Trade Alert – Active Growth Portfolio

We are making several changes to the Growth Portfolio this morning.

Morning report 20/05/2025 09:39

What Matters Today: Finding order in today’s disorder

Monday saw the ASX200 fail to notch its 9th consecutive gain following Moody's US credit rating downgrade. The index finished down -0.6%, with over 65% of the main board retreating in line with US S&P 500 futures ahead of the night's fascinating session.

Afternoon report 19/05/2025 17:26

The Match Out: Commodities & energy drag ASX down as investors await RBA rate-decision

A soft session to start the week and it seems the market has taken the US debt downgrade from Moody’s as a catalyst to reduce risk, particularly sectors exposed to global growth such as commodities.

Morning report 19/05/2025 09:38

Macro Monday: The RBA gives a confidence boost to Aussie stocks & housing

As the US first-quarter earnings season draws to a close, stocks have rallied on easing trade tensions and results that have largely been better than feared/expected. However, companies across the US, Europe and China are pulling their forecasts for the year or providing gloomy outlooks, citing rising costs, weak consumer sentiment and a lack of business confidence as a result of President Donald Trump’s worldwide trade offensive - they’re laying the foundations for a tough 2nd half of 2025, while hopefully hoping to overdeliver if things turn out not too badly.