What Matters Today: How to Invest as the Market Rally Broadens Beyond the “AI Trade”

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Morning report 07/07/2026 09:32

What Matters Today: How to Invest as the Market Rally Broadens Beyond the “AI Trade”

A200

MM is bullish towards the ASX200 around 8830

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IWM

MM remains bullish towards the Russell 2000 around the 3000 level

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QUS

MM remains bullish towards the S&P 500 Equal -Weighted Index around 8700

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FLT

MM is bullish towards FLT around $12

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ANN

MM is bullish towards ANN around $32

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AMC

MM is long and bullish towards AMC around $64

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Latest Reports

Morning report 07/07/2026 09:32

What Matters Today: How to Invest as the Market Rally Broadens Beyond the “AI Trade”

The ASX 200 slipped 0.2% on Monday, in a lacklustre session that only saw 40% of the main board close higher despite encouraging moves by US futures during local market trade. Ongoing stock and sector reversion was evident, in particular with some major underperformers of the last 12 months enjoying a return to the winners' enclosure.

Afternoon report 06/07/2026 16:44

The Match Out: Healthcare continues strong run as miners weigh in quiet session

The ASX 200 eased today in what was a relatively subdued start to the week, with the market spending most of the session oscillating around the flatline before sellers gradually gained the upper hand into the afternoon. There was little in the way of macro catalysts, leaving investors to rotate away from the heavyweight Banks and Miners that drove Friday's rally and back toward Healthcare, Technology and Energy.

Morning report 06/07/2026 09:16

Macro Monday: Has the Fed reignited the bull case for equities?

Last month, the new Fed Chair struck a hawkish tone in his first press conference, sending gold and copper prices lower while lifting the US dollar after signalling policymakers remained prepared to raise interest rates further if required to rein in inflation.

Weekend report 04/07/2026 07:58

Weekend Q&A: The ASX200 threatens to break out at the start of FY27

Afternoon report 03/07/2026 17:11

The Match Out: Gold glitters as rate hopes drive the ASX higher

The ASX 200 finished the week on a strong note, rallying as investors embraced weaker-than-expected US employment data that reinforced the view the Federal Reserve may be nearing the end of its tightening cycle. The market opened firmly higher, grinding up before holding its gains through to the end of the session, with buying broad-based across the index as nine of the eleven sectors finished in positive territory.

Morning report 03/07/2026 09:32

ETF Friday: Revisiting Five Tech ETFs as Meta threatens to pop the Semiconductor Bubble

The ASX200 recovered from a weak opening on Thursday, reversing early losses to end higher, albeit just! There were two main catalysts for the recovery, from very different areas of the market.

Afternoon report 02/07/2026 16:56

The Match Out: ASX recovers from early losses as the Banks catch a bid

The ASX finished little changed on Thursday, recovering from a weak open with the index down -0.7% in early trade, as a bounce in the banks offset broad-based weakness across the local bourse.

Morning report 02/07/2026 09:31

What Matters Today: Should we chase or fade the 5 big movers from Wednesday?

The ASX 200 followed US futures lower on the first day of FY27, finishing the session down -0.6%, and testing three-week lows in the process. While weakness was broad-based, with over 60% of the main board closing lower, the financials contributed close to 90% of the decline as fears grow that Australia's housing market is deteriorating faster than initially feared, with the trifecta of cost-of-living pressures, three RBA rate hikes in 2026 and the recent changes for property investors in the budget keeping buyers firmly on the sidelines.

Afternoon report 01/07/2026 17:03

The Match Out: Banks stumble as the new financial year begins

The ASX kicked off FY27 with a disappointing start, with heavy selling across the banks and consumer staples proving too much to overcome despite a solid rebound in the resources sector. The market drifted lower through the session as investors locked in profits from some of FY26's biggest winners, while strength in Materials and Healthcare provided little support against broad-based weakness elsewhere.

Morning report 01/07/2026 09:42

Portfolio Positioning: Will the Resources Outperform Again in FY27

The ASX200 accelerated on the downside into the EOFY close on Tuesday, ultimately finishing the session down by -0.5% with investors appearing keen to lock in some tax losses ahead of FY27. The market ultimately waved goodbye to FY26 with a paltry +2.8% gain, although considering we had a war in the middle of it and oil trading above US100/barrel it wasn’t a bad result. We expect FY27 to deliver similar volatility on the stock and sector level but hopefully without the geopolitical interruptions.