Donald Trump’s second presidency has been volatile, and it's still less than six months since his inauguration. When Congress approved Trump’s budget mega bill on Thursday, it was the latest of the milestones for the president as he follows through on his unconventional election promises.
The ASX 200 finished unchanged on Thursday, but on the stock level, it was a very different story, with the materials sector surging over 3% while 8 of the mainboard 11 sectors retreated, including the financials, which fell 1.3%, a very different story to the last 18 months.
The ASX200 enjoyed a strong session on Wednesday, briefly taking the market back above 8600 before drifting back slightly into the close. The miners led the gains from a points perspective, with the materials sector contributing almost 50% of the day's gain, led by BHP, which delivered 18% of the advance on its own. However, from a sheer performance perspective, the fund managers dominated the winners' enclosure, taking out the top 3 spots - more on these guys later.
The ASX200 has started July in subdued fashion, remaining unchanged after its first two trading sessions. As would be expected after a quiet start to the week and month, news was thin on the ground, but we did see some action starting to unfold on the stock level.
A slightly shorter report today as we take a deep breath after our busiest day of the year. As the saying goes, there are two certainties in life: “death and taxes”. At MM, we see it big time with investors taking out subscriptions ahead of the EOFY, a great win-win in our opinion.
The most recognised equity index in the world, the US S&P 500, posted new all-time highs on Friday, leaving many fund managers and retail investors apprehensive about chasing the rally into the second half of 2025.
The ASX 200 experienced another quiet session on Thursday as the market followed the choppy consolidation, with an upside bias, that we expected at the start of the month.
The ASX200 struggled to make any meaningful headway on Wednesday, even after the Dow closed up over 500 points and we received a particularly market-friendly inflation print.
The ASX200 surged almost 1% on Tuesday, taking the index back within 1% of its all-time high. Optimism that the worst of the Middle East conflict is already behind us drove the market higher on broad-based buying, which came with a definite “risk on” twist.
The ASX200 was trading down almost 1% at midday on Monday before buyers returned, trimming over half of the morning's losses. The song remains the same, with buyers of weakness emerging, and again, banks led the way, e.g. Commonwealth Bank (CBA) +1%, and Westpac (WBC) +0.6%. Considering the geopolitical backdrop, Monday's 0.4% pullback was a stoic performance, which, in our opinion, illustrates that many investors, across the whole spectrum, have been caught underweight in stocks following the market's aggressive post “Liberation Day” V-shaped recovery.
The ASX 200 finished unchanged on Thursday, but on the stock level, it was a very different story, with the materials sector surging over 3% while 8 of the mainboard 11 sectors retreated, including the financials, which fell 1.3%, a very different story to the last 18 months.
The ASX200 enjoyed a strong session on Wednesday, briefly taking the market back above 8600 before drifting back slightly into the close. The miners led the gains from a points perspective, with the materials sector contributing almost 50% of the day's gain, led by BHP, which delivered 18% of the advance on its own. However, from a sheer performance perspective, the fund managers dominated the winners' enclosure, taking out the top 3 spots - more on these guys later.
The ASX200 has started July in subdued fashion, remaining unchanged after its first two trading sessions. As would be expected after a quiet start to the week and month, news was thin on the ground, but we did see some action starting to unfold on the stock level.
A slightly shorter report today as we take a deep breath after our busiest day of the year. As the saying goes, there are two certainties in life: “death and taxes”. At MM, we see it big time with investors taking out subscriptions ahead of the EOFY, a great win-win in our opinion.
The most recognised equity index in the world, the US S&P 500, posted new all-time highs on Friday, leaving many fund managers and retail investors apprehensive about chasing the rally into the second half of 2025.
The ASX 200 experienced another quiet session on Thursday as the market followed the choppy consolidation, with an upside bias, that we expected at the start of the month.
The ASX200 struggled to make any meaningful headway on Wednesday, even after the Dow closed up over 500 points and we received a particularly market-friendly inflation print.
The ASX200 surged almost 1% on Tuesday, taking the index back within 1% of its all-time high. Optimism that the worst of the Middle East conflict is already behind us drove the market higher on broad-based buying, which came with a definite “risk on” twist.
The ASX200 was trading down almost 1% at midday on Monday before buyers returned, trimming over half of the morning's losses. The song remains the same, with buyers of weakness emerging, and again, banks led the way, e.g. Commonwealth Bank (CBA) +1%, and Westpac (WBC) +0.6%. Considering the geopolitical backdrop, Monday's 0.4% pullback was a stoic performance, which, in our opinion, illustrates that many investors, across the whole spectrum, have been caught underweight in stocks following the market's aggressive post “Liberation Day” V-shaped recovery.
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