The ASX200 recovered from early losses on Monday to end the session in positive territory, an impressive performance considering the Dow's more than 500-point drop on Friday night.
Since Trump unleashed chaos on global equities in April with his tariff bombshell, their recovery has been nothing short of remarkable. In just three months, the ASX200 and US S&P 500 have surged by +22% and +33% respectively. At MM, we’ve held a bullish stance through the recovery, but our confidence is now waning. The cornerstone of the stunning recovery has often been referred to as the “Goldilocks Scenario”.
The ASX 200 ended the Thursday session down just 0.2%, recovering ~80% of its early decline, with winners and losers evenly matched. July lived up to its seasonal reputation, closing up +2.4%. If not for a -2.6% clobbering of the influential Materials Sector yesterday, we could easily have been trading at new highs.
The ASX200 surged +0.6% on Wednesday, closing within 0.2% of its all-time trading high after the soft inflation print ignited the rate-sensitive stocks/sectors. Real estate, consumer discretionary, and the financials all closed up more than 1%.
The ASX200 rallied bravely throughout Tuesday to close slightly higher after being down 0.6% earlier in the day. In an overall quiet session, none of the major 11 sectors moved by more than 0.7% but if you look deeper under the hood, it was a tough day for uranium stocks, even though ironically the energy sector was the best on the ground, closing up +0.65%.
The ASX200 started the week on a firm footing, closing up +0.4%, back within a few points of the psychological 8700 area. The catalyst for the solid day was news that the EU and the US had reached a trade agreement, and President Trump was looking to extend his tariff truce with China - the US S&P 500 futures buoyed sentiment, opening ~0.5% higher on the tariff news.
Meme stock mania has been spreading across a growing number of speculative stocks, underscoring retail traders' appetite for more risky bets even with the market at all-time highs.
The ASX 200 keeps teasing us with a significant breakout on the upside before gains are tempered by macro &/or geopolitical news. On Thursday, it was the RBA with Michele Bullock delivering a less dovish speech than hoped by many, warning that underlying inflation may not fall as quickly as anticipated, signalling that an interest rate cut next month is not guaranteed - futures markets are still pricing it as a certainty, with a 40% chance of a third before Christmas.
The ASX200 rallied +0.7% on Wednesday, closing back above 8700 and within 0.4% of its all-time high. Buying was broad-based, with over 70% of the index closing higher. Although Paladin (PDN) and Telix Pharma (TLX) delivered a couple of negative surprises, bullish sentiment continued to prevail with all of the big names from banks to resources advancing.
The ASX200 struggled to close up +0.1% on Tuesday, with over 40% of the main board closing lower, and notable weakness in the influential banking sector.
Since Trump unleashed chaos on global equities in April with his tariff bombshell, their recovery has been nothing short of remarkable. In just three months, the ASX200 and US S&P 500 have surged by +22% and +33% respectively. At MM, we’ve held a bullish stance through the recovery, but our confidence is now waning. The cornerstone of the stunning recovery has often been referred to as the “Goldilocks Scenario”.
The ASX 200 ended the Thursday session down just 0.2%, recovering ~80% of its early decline, with winners and losers evenly matched. July lived up to its seasonal reputation, closing up +2.4%. If not for a -2.6% clobbering of the influential Materials Sector yesterday, we could easily have been trading at new highs.
The ASX200 surged +0.6% on Wednesday, closing within 0.2% of its all-time trading high after the soft inflation print ignited the rate-sensitive stocks/sectors. Real estate, consumer discretionary, and the financials all closed up more than 1%.
The ASX200 rallied bravely throughout Tuesday to close slightly higher after being down 0.6% earlier in the day. In an overall quiet session, none of the major 11 sectors moved by more than 0.7% but if you look deeper under the hood, it was a tough day for uranium stocks, even though ironically the energy sector was the best on the ground, closing up +0.65%.
The ASX200 started the week on a firm footing, closing up +0.4%, back within a few points of the psychological 8700 area. The catalyst for the solid day was news that the EU and the US had reached a trade agreement, and President Trump was looking to extend his tariff truce with China - the US S&P 500 futures buoyed sentiment, opening ~0.5% higher on the tariff news.
Meme stock mania has been spreading across a growing number of speculative stocks, underscoring retail traders' appetite for more risky bets even with the market at all-time highs.
The ASX 200 keeps teasing us with a significant breakout on the upside before gains are tempered by macro &/or geopolitical news. On Thursday, it was the RBA with Michele Bullock delivering a less dovish speech than hoped by many, warning that underlying inflation may not fall as quickly as anticipated, signalling that an interest rate cut next month is not guaranteed - futures markets are still pricing it as a certainty, with a 40% chance of a third before Christmas.
The ASX200 rallied +0.7% on Wednesday, closing back above 8700 and within 0.4% of its all-time high. Buying was broad-based, with over 70% of the index closing higher. Although Paladin (PDN) and Telix Pharma (TLX) delivered a couple of negative surprises, bullish sentiment continued to prevail with all of the big names from banks to resources advancing.
The ASX200 struggled to close up +0.1% on Tuesday, with over 40% of the main board closing lower, and notable weakness in the influential banking sector.
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
Verication email sent.
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
!
Invalid One Time Password
Please check you entered the correct info, please also note there is a 10minute time limit on the One Time Passcode
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Market Matters members receive daily market reports, real-time trade alerts, full access to 5 portfolios and dynamic company data.
Choose how you'd like to proceed:
We have a range of membership options to suit your needs and budget, why not join today and get unlimited access to the premium Market Matters service.
