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A200
MM is bullish towards the ASX200 around 8700
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NDQ
MM remains bullish towards the NASDAQ around 30,500
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IGV US
MM is bullish towards the ASX & S&P 500 Software Indices through 2026
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PME
MM is bullish towards PME around $145
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WTC
MM is long and bullish towards WTC around $39
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XRO
MM is long and bullish towards XRO around $80
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TNE
MM is bullish towards TNE around $32
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NXT
MM is bullish towards NXT around $15.50
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Latest Reports

Morning report

Portfolio Positioning: SpaceX sell-off reverberates around the World

The ASX200 lost early gains on Tuesday, as tech selling cascaded around the world following SpaceX’s ~16% fall in US trade. Yesterday's sell-off in the semiconductor stocks, some of the biggest beneficiaries of the AI boom, gathered momentum throughout the day, and saw the Korean Kospi close down 10%, with SK Hynix Inc. and Samsung Electronics Co. both sliding more than 12%.

Afternoon report

The Match Out: Banks hold firm as Materials & Tech weigh on the ASX

The ASX 200 finished lower today, with choppy trade through, in positive territory briefly before selling in technology, resources and small caps outweighed strength in the major banks and defensive sectors. Resilience in the Big Four provided some cushion, but market breadth was notably weak with around two-thirds of stocks finishing in the red. Investors continued to digest developments around US-Iran peace negotiations, while positioning ahead of tomorrow's Australian inflation data and ongoing scrutiny of the AI trade.

The Match Out Market Matters 2
Morning report

What Matters Today: Reviewing the 5 new stocks to enter the ASX200

The ASX 200 slipped 0.1% on Monday, not a bad performance considering US S&P 500 futures were trading lower, WiseTech (ASX: WTC) was hammered -18% following reports that police were investigating its chair, Richard White, and BHP Group (ASX: BH) fell another ~$1. Fortunately, the banks bucked the trend with all of the “Big Four” closing higher, a potential theme over the coming months, which we touched on in this week's Macro Monday Report.

Afternoon report

The Match Out: ASX holds despite US-Iran wobbles, WTC tumbles on AFP probe

The ASX 200 finished mildly lower, recovering from early weakness to close near breakeven as strength in the banks and consumer discretionary stocks offset a sharp selloff in technology. Markets spent much of the session digesting conflicting headlines surrounding US-Iran negotiations, with oil prices reversing an early rally as hopes for further diplomatic progress emerged out of the Lake Lucerne Summit this morning.

The Match Out Market Matters 2
Morning report

Macro Monday: Rotation continues as a hawkish Fed weighs on stocks

The Fed may have left interest rates unchanged last week, but its accompanying commentary caught the market napping. Incoming Fed Chair Kevin Warsh's first FOMC meeting delivered a clear message: inflation remains the enemy, rate cuts are not guaranteed, and investors should continue to expect a data-dependent Fed.

Weekend report

Weekend Q&A: BHP Group (ASX: BHP) brings the ASX back down to earth

After a strong start to the week, which saw the ASX200 rally back towards the 9,000 level, the local market reversed sharply on Thursday and Friday, trimming gains to finish the week up just +0.3%. The damage was done by the combination of hawkish commentary from the Fed's new Chair, Kevin Warsh, and a more than 5% plunge by heavyweight BHP Group (ASX: BHP) on Friday after its Canadian Potash Project saw costs blow out by US$2.3bn.

Afternoon report

The Match Out: Resources rout weighs on ASX as BHP cost blowout bites

The ASX endured its weakest session in a fortnight today, with a sharp selloff across the resources complex. The market opened lower and never really looked like bouncing, drifting steadily lower through the day as investors responded to a stronger US dollar, a more hawkish Federal Reserve and renewed pressure across commodity markets.

The Match Out Market Matters 2
Morning report

ETF Friday: Four unheralded ASX ETFs MM likes into Christmas

The ASX200 ended its 4-day rally on Thursday, with 65% of the main board closing lower after the US Fed held interest rates in its first meeting under new Chair Kevin Warsh, but signalled that tightening may be necessary to rein in inflation. It was a relatively muted session for the local bourse with only five stocks moving by more than 5%, although they were all in the losers' corner, primarily from the gold space.

Afternoon report

The Match Out: ASX falls on Fed rate-hike risk, oil slides on Hormuz deal

The ASX 200 fell away throughout the session as Federal Reserve policymakers under new chair Kevin Warsh signalled the chance of a rate hike later this year, hitting tech, financials and rate-sensitive growth names. Defensives held up best, with Consumer Staples and Healthcare the only sectors to post a meaningful gain, while Energy, Materials and IT led the market lower. Oil extended its slide as the US-Iran deal on reopening the Strait of Hormuz raised hopes for a quick return of Gulf supply, while gold and iron ore stayed under pressure from firmer US rate expectations underpinning a rise in the $US.

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The ASX 200 struggled on Monday despite the bullish offshore leads from Wall Street – again, the Australian market remains more correlated to European bourses than the more widely discussed US peers. However, the local market managed to recover from early-morning weakness to end the first session of June marginally lower, as the miners again countered the ongoing weakness in the banking sector, primarily due to a 1% dip in Commonwealth Bank (ASX: CBA).  With BHP Group (ASX: BHP) posting new all-time highs yesterday lunchtime and the “Big Four Banks”  weighed down by concerns around the housing market post the budget, and high valuations compared to their international peers, we see no reason to fade the outperformance by the miners versus the banks:

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