The ASX took another beating down 62 points to 8419 (-0.7%) as NAB cratered 8.1% and the Big Bank Basket came undone, down to $257.57 (-2.8%). MQG held up well considering, other financials came under some pressure, GQG off 3.2% and HMC down 3.9%. REITs were weighed down by the giant $4bn capital raise from GMG to fund its data centre push. DXS off 2.3%, and SGP fell 3.7% on results. Industrials were mainly weaker, WES off 1.8%, WOW and COL eased, retail fell, JBH down 2.3%, and SUL 2.9% cheaper. Travel stocks did well after CTD cheered the sector, up 10.3%. WEB up 4.4%, and FLT up 3.4%. LNW powered 9.6% ahead on an acquisition and ALL joined in the fun up 1.0%. Tech better, with CPU up 1.4% and WTC off 1.4% and the All-Tech Index gained 0.7%. Resources were patchy again, BHP flat and FMG down 0.6% on legal issues, gold miners rose, NEM up 0.5% and NST up 2.1%. Lithium stocks on the nose, MIN crashed 20.7% as it cancelled the dividend and announced a big loss. Energy stocks sold down again, WDS off 2.0% and STO falling 4.5% on results.  On the corporate front, NAB the biggest disappointment on margin compression and rising impairments. CBA was ex-dividend today, NGI rose 15.5% on results, and SXE jumped 14.2% after very positive results. VNT also out today marched 7% ahead. Nothing on the economic front. Asian markets eased, Japan down 0.3% and HK off 0.2%, with China up 0.6%. 10-year yields at 4.52%.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.