What Matters Today: How to play the Miners under Trump as the Fed cuts again

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Morning report 12/11/2026 09:47

What Matters Today: Is it time to don a contrarian hat towards fund managers?

The ASX 200 again illustrated it’s regained its “Mojo” on Wednesday, reversing early losses to close up +0.3%, its best close since late August - it will get another test today with the index set to open down 0.5%. Gains were again fairly broad-based on Wednesday, with more than 60% of the main board closing higher, and the miners contributing over 70% of the day's advance.

Afternoon report 11/11/2026 17:20

The Match Out: ASX continues to outperform the US

The ASX finished mildly higher today, impressive given it was down 0.5% early on + Wall Street was on the skids overnight. The ASX 200 has now outperformed the S&P 500 by over 4% in the last 5 sessions as the outlook for interest rates have diverged. Aussie bonds are now pricing in no hikes, and the potential for cuts in 2027, while US bonds are still saying the Fed will hike 2-3 times.

Alerts 11/11/2026 10:06

Trade Alerts – Active Income & International Equities Portfolios

We are making two changes to the Active Income Portfolio today.

Morning report 11/11/2026 09:36

Portfolio Positioning: Hot US inflation will test portfolios today

The ASX 200 surged out of the gates on Tuesday, steadily building on its early gains to finish up +1.1%, helped by broad-based buying with close to 90% of the market’s main board closing higher. The financials took over the baton from the miners in terms of market gains, but only just; the banks & Co added 34 points while the materials sector added 33 points, and importantly, there were no major groups that weighed on the index

Afternoon report 10/11/2026 17:10

The Match Out: Broad-based rally lifts ASX to two-month high

The ASX finished at a two-month high this afternoon as a broad-based rebound in global equities and falling oil prices lifted sentiment. Wall Street had its strongest session since April overnight, with the market swarming back to technology stocks after last week’s sharp sell-off, just as easing crude prices helped take some of the pressure off inflation and interest-rate concerns.

Morning report 10/11/2026 09:12

What Matters Today: Gold & uranium stocks start to fire again

The ASX 200 had a choppy Monday before finally closing up just +0.1%, despite the losers just nudging the number of winners. Fortunately, from an index perspective, the materials sector (+2.9%) carries more weight than the financials (-1.1%).

Afternoon report 09/11/2026 16:54

The Match Out: ASX edges higher as miners rebound, ANZ result weighs on banks

Australian shares managed a modest gain after a choppy session as a rebound in miners and technology helped offset pressure on banks and property stocks, with the market still navigating the fallout from last week’s sharp AI-led sell-off on Wall Street. ANZ was the major drag after a softer full-year result which triggered selling across the Big Four, while gold and copper strength supported a recovery across parts of the resources sector.

Morning report 09/11/2026 09:38

Macro Monday: What’s next after the RBA Rate Hike and US Blue Wave?

The storming victory by the Democrats in the US, taking both the House and Senate, was largely expected, although the emphatic nature of the result surprised many. It led to investors reassessing the risks around the AI infrastructure buildout - the “picks and shovels trade” was literally hammered.

Weekend report 07/11/2026 09:08

Weekend Q&A: The “AI Trade” unwind accelerates post the US mid-terms

The RBA and US midterms drove a volatile week for the ASX 200, which ultimately finished up a solid 1.3%. Not a bad result, given the uncertainty sweeping through some sectors after the ‘blue wave’ of discontent washed through the US. Except for the energy sector, most pockets of the ASX contributed to the market’s close back above the psychological 9000 level, with a 10% gain by the software names, the standout.

Afternoon report 06/11/2026 17:06

The Match Out: ASX shows resilience after Wall Street rout, finishes week up 1.2%

Aussie shares finished lower as Wall Street’s AI sell-off spilled into global markets, with miners and technology stocks bearing the brunt of fears around tighter data centre regulation and a potential slowdown in infrastructure spending.