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Morning report 15/04/2021 09:36

What Matters Today: Defensive stocks are looking interesting

The ASX200 enjoyed a strong Wednesday reaching fresh post COVID highs in the late afternoon, only in January & February of 2020 has the local index ever traded higher. When we look at the market internals things currently look good with over 65% of the market rising, plus 10 stocks surged over 10% compared to the days weakest link Credit Corp (CCP) which only fell -3.7%.

Morning report 14/04/2021 09:45

Portfolio Positioning: Markets are trading at post COVID highs.

The ASX200 is now 2-weeks into both April and Q2 of 2021 and we’re finally seeing some action on the index level with the local market up almost +3% making fresh 12-month highs in the process, the same again on the upside and the bulls will be cheering fresh all-time highs! Yesterday was another fairly uneventful session across Asia with only 55% of the Australian market closing positive, with the exception of the BNPL space roaring ahead, led by Zip (Z1P) which rallied +17%, it was also a fairly muted start to the week under the hood.

Morning report 13/04/2021 10:05

What Matters Today: A time to act like a doctor

The ASX200 drifted -0.3% yesterday following US futures lower during our time zone, losers managed to outnumber winners 2:1 on a day when there were very few standout winners e.g. Cochlear was the best performing stock and it rallied less than 3%.

Morning report 12/04/2021 09:36

Macro Monday: Are the ducks aligning for further gains?

April is one of the most bullish months of the year for equities with an average gain for the ASX 200 over the past 10 years of 2.5%, while 80% of the time the market has finished the month higher.

Morning report 09/04/2021 09:12

What Matters Today: 5 growth stocks MM likes as the market hits 7000

It was an impressive session by the ASX yesterday given the tepid leads from overseas markets and although Asian stocks were higher, it felt like the local index was the dominate force.

Morning report 08/04/2021 09:27

What Matters Today: Property prices surge most since the late 80’s, should we be long?

The ASX200 got it’s mojo back this week and yesterday closed at it’s highest level since the pandemic broke late in the first quarter of 2020. It seems the shackles tying the index to the 6800 handle have now been cast off and thankfully we have some clear air ahead of us.

Morning report 07/04/2021 10:12

Portfolio Positioning: Tweaking a number of portfolios with a focus on Flagship Growth

The ASX200 rallied yesterday up through the 6900 level only to falter in late trade to close marginally below the fairly insignificant milestone. Not surprising really given we’ve had a handful of attempts at a breakout only for it to fail and the market to fall back into the trading range that has held firm for more than 5 months now.

Morning report 06/04/2021 09:41

Macro Monday (on Tuesday): Don’t fight the trend (just yet)!

Following the longest break of the year for the ASX, we’re tipped to open higher this morning as global markets break to new highs with a confluence of better economic data and news of further stimulus in the US last week creating a strong tailwind for risk assets. Last week saw the resumption of the trends that played out in 2020, namely outperformance by the growth / technology stocks and underperformance of value.

Morning report 01/04/2021 09:22

What Matters Today: Considering 4 of the worst performers from Q1

The first quarter of 2021 is behind us and after 3 extremely choppy months on the stock & sector level the ASX200 itself has managed to advance 3%, or an average of just 1% per month. The determining factor of sector performance year to date has been the sharp appreciation by longer dated bond yields as markets factor in a major post COVID economic recovery.

Morning report 31/03/2021 09:34

Portfolio Positioning: Q1 is almost behind us.

The ASX200 has totally ignored some strong leads from global indices this week, on Monday morning a test of 6900 appeared imminent but the combination of Brisbane’s lockdown and fears around JobKeeper ending today has sent the local index down closer to 6700 come Tuesdays final bell. – as can be seen on the chart below we’re back at the mid-point of 2021, yet again. The selling yesterday was noticeably broad based with almost 85% of the ASX200 closing in the red, notably the Telco’s were the only sector which managed to close in positive territory as Telstra (TLS) continued to firm.

Morning report 15/04/2021 09:36