A reasonable session for the ASX today, underpinned again by a recovery amongst the miners, Coal stocks the standout following multiple broker upgrades. In the past month, the materials sector is +2.4% vs IT which is down -3.98% showing how sectors are coming in and out of favour, a market for active investing. Eyes will be on the US CPI tonight with the latest set of numbers expected to fall to 0.3% from 0.4%.
A good session from commodity stocks underpinned a positive day for the ASX. Iron Ore held onto recent strength, while Citi was out with a bullish note on Copper saying…we believe copper’s second secular bull market this century is taking hold, 20 years after China urbanization and industrialization-led secular bull market. They think recent strength has further to run in the short & longer term and they revised up their price assumptions across the board. A very bullish note on Copper that is aligned with MM’s view.
A positive session to kick off the new trading week and while the index was fairly subdued, a lot was happening under the hood as we edge towards US quarterly results that kick into gear on Friday.
A soggy day in Sydney and the market was very similar, weakness from the get-go saw all sectors finish lower. Some pockets of strength in Gold, Energy was solid and a few Healthcare stocks held up okay, but other than that, it was a fairly bleak Friday across the board.
The ASX recovered 1/3rd of yesterdays sell-off with a broad based rebound playing out – all sectors higher, led by the interest rates sensitive names that were hardest hit yesterday.
A tough day for Aussie stocks with the ASX getting aggressively sold off throughout the session, the recent winners in Tech and Property were front and centre of the sell-off while the Resources were relative performers. We wrote this morning that we continue to expect “3-steps forward, 2-steps back” price action in the new quarter, but another 200-point pullback wouldn’t surprise us as the index rubs up against the overhead trendline that’s contained it through 2024, although we didn’t expect half of the move to come today. It seems there are often market peaks that correlate with the end of reporting periods i.e. each quarter, a trend we will do some more work around and update you on in coming notes.
A choppy session to kick off the new month and quarter for the ASX, coming off the back of a very strong period for markets. We provide a broad look at various asset class performance below, while we’ll cover the performance for the suite of Market Matters published (website) portfolio’s in tomorrow mornings portfolio positioning report, headlined by the Active Growth Portfolio that returned 5.82% for March, ~2% ahead of the market.
A bullish session to end a positive quarter for equities with the market rallying ~3% in the last month, propelling the ASX200 to fresh all-time highs. Have a wonderful Easter break with family and friends.
The market opened on the back foot this morning before buyers stepped in, aided by softer-than-expected monthly inflation data that underpinned a good turnaround in stocks, particularly from the more defensive areas while IT took a breather.
The market is losing some steam, or at least consolidating recent gains as we head into the Easter break. Monthly inflation data for Australia out tomorrow (3.5% exp) ahead of Retail Sales (0.4% exp) on Thursday while Good Friday sees key US personal consumption data that feeds into the all-important inflation picture, alongside a speech by Fed Treasurer Jerome Powell, both while markets are closed. It’s therefore easy to comprehend a lack of conviction on the buy side as stocks flirt with all-time highs.
A good session from commodity stocks underpinned a positive day for the ASX. Iron Ore held onto recent strength, while Citi was out with a bullish note on Copper saying…we believe copper’s second secular bull market this century is taking hold, 20 years after China urbanization and industrialization-led secular bull market. They think recent strength has further to run in the short & longer term and they revised up their price assumptions across the board. A very bullish note on Copper that is aligned with MM’s view.
A positive session to kick off the new trading week and while the index was fairly subdued, a lot was happening under the hood as we edge towards US quarterly results that kick into gear on Friday.
A soggy day in Sydney and the market was very similar, weakness from the get-go saw all sectors finish lower. Some pockets of strength in Gold, Energy was solid and a few Healthcare stocks held up okay, but other than that, it was a fairly bleak Friday across the board.
The ASX recovered 1/3rd of yesterdays sell-off with a broad based rebound playing out – all sectors higher, led by the interest rates sensitive names that were hardest hit yesterday.
A tough day for Aussie stocks with the ASX getting aggressively sold off throughout the session, the recent winners in Tech and Property were front and centre of the sell-off while the Resources were relative performers. We wrote this morning that we continue to expect “3-steps forward, 2-steps back” price action in the new quarter, but another 200-point pullback wouldn’t surprise us as the index rubs up against the overhead trendline that’s contained it through 2024, although we didn’t expect half of the move to come today. It seems there are often market peaks that correlate with the end of reporting periods i.e. each quarter, a trend we will do some more work around and update you on in coming notes.
A choppy session to kick off the new month and quarter for the ASX, coming off the back of a very strong period for markets. We provide a broad look at various asset class performance below, while we’ll cover the performance for the suite of Market Matters published (website) portfolio’s in tomorrow mornings portfolio positioning report, headlined by the Active Growth Portfolio that returned 5.82% for March, ~2% ahead of the market.
A bullish session to end a positive quarter for equities with the market rallying ~3% in the last month, propelling the ASX200 to fresh all-time highs. Have a wonderful Easter break with family and friends.
The market opened on the back foot this morning before buyers stepped in, aided by softer-than-expected monthly inflation data that underpinned a good turnaround in stocks, particularly from the more defensive areas while IT took a breather.
The market is losing some steam, or at least consolidating recent gains as we head into the Easter break. Monthly inflation data for Australia out tomorrow (3.5% exp) ahead of Retail Sales (0.4% exp) on Thursday while Good Friday sees key US personal consumption data that feeds into the all-important inflation picture, alongside a speech by Fed Treasurer Jerome Powell, both while markets are closed. It’s therefore easy to comprehend a lack of conviction on the buy side as stocks flirt with all-time highs.
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