Market Updates

The ASX 200 has finished the day down 81 points or 0.9%. Ending on the session low as the midday inflation linked sell-off continued into the close. Financials worst as yesterday’s Big Four rally evaporated. Banks down between 1.4% and 3.2%. MQG down 1.8%. Insurers escaped, most flat. Stock market stocks mixed but mostly down. GQG flat. PTM -2.1%. HUB -3%. Health Care, Discretionary Stocks and Tech stayed under pressure. CSL down 1.3%. PME and TLX reversing strong sessions yesterday. Both down over 3%. No major damage in Discretionary names as the prospect of even one rate cut was slightly dampened. JBH and HVN only down around 1%. GYG worst down 3.1%. WTC worst of the tech names. Failing to recover from its results drop. TNE best up 1.2% on positive broker commentary. CDA also in the green as defence stocks rose. DRO now up over 13% in two days.

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.

Wall Street recorded a negative session, ending three days of record high closes, following a Powell speech where he left the door open to further rate cuts while emphasising the Fed had to balance inflation concerns with a weakening labour market. S&P 500 down 0.55%, Nasdaq fell 0.95%. Dow jumped in the first fifteen minutes of trading but fell from there. Closed near low, down 89 points. Mixed sector performance. Cyclicals and Tech led the sell off, with Amazon falling 3.0% and Nvidia down 2.8%, the biggest two drops of the major names. Materials also down and every other sector was flat or up. Energy was the biggest gainer, followed oil up on Kurdish supply constraint issues. Rate sensitive sectors also did well with REITs and Utilities making gains.

ASX to fall. SPI futures down 30 points (-0.34%).

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.

The ASX 200 rallied another 35 points to 8846 (0.4%). Gold once again the star of the show with good gains again in the sector. NST up 3.2% and GGP up 4.4% some of the stand outs. LYC had a great day following an ASA Presentation up 8.0%. Other critical metal and rare earth stocks also finding friends. ILU up 3.4% and VUL up 3.3%. Iron ore stocks mixed, FMG gave back some of the gains from yesterday down 1.1%. Oil and gas stocks slid, STO down 0.9% with uranium stocks doing better again today, PDN up 2.4% and LOT up 2.3%. Banks were back in demand today, CBA up 0.8% and NAB doing well with the Big Bank Basket up to $283.07 (0.8%). SOLDA put on 2.1% with insurers mixed. Industrials mixed too, CPU dropped 2.1% with QAN down 1.1% and supermarkets also seeing selling. Retail was mixed, MYR dropped 25.0% on results, JBH up 1.2%. Tech uninspiring, WTC and XRO going nowhere fast. 

In corporate news, CTT founder has been back buying stock. TLX rallied 9.2% on good news on transitional pass-through payment status. AEL in a trading halt raising $150m.

Nothing on the economic front. 

Japan closed for a holiday. HK hit 1.3% and a Typhoon. China down 1.1%.

US futures slightly mixed. 

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.

Wall Street recorded a third straight session of record high closes, as AI sentiment boosted the market. Shrugging off Trump’s weekend bombshell of $100,000 fees for future H-1B visas, which much of the sector relies on. Tech instead focused on news of Nvidia’s $100Bn investment into OpenAI, boosting the chipmaker by 3.9%, and Wedbush’s price target rise for Apple (+4.3%) given strong demand signs for the iPhone 17. S&P 500 up 0.4%, Nasdaq rose 0.7%. Dow steadily rose in the first hour of trading and remained stable at that level for the rest of the session. Closed toward high, up 66 points. Mixed sector performance. Utilities the standout, followed by Tech and REITS. At the opposite end, Staples and Cyclicals struggled, the latter weighed down by Amazon’s 1.7% drop.

ASX to rise. SPI futures up 17 points (+0.19%).

Resources mixed. Oil steady as Iraq shipments rise and demand concerns linger. Copper and zinc up, nickel and aluminium down.

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.

The ASX 200 rose 37 points to 8811 (0.4%) as gold miners and iron ore players rallied hard. BHP up 1.0%, FMG flying up 3.2% with gold miners impressive. NEM up 4.7% and NST rallying hard up 8.2% with EVN up 6.3%. Stand outs GMD up 13.9%. Uranium stocks also firmed, NXG up 5.7% and PDN rising 4.7%. Lithium stocks a little depressed. Oil and gas mixed, VEA fell 8.1% on management changes, STO up 0.4% on a broker upgrade. Industrials were on the sidelines mainly, WES fell 0.2%, ALL up 0.2% and retail eased. TPW down 4.3% and NCK off 2.3%. Tech slightly firmer, WTC up 0.5% and MP1 up 3.4% on a broker upgrade. Banks eased with CBA down 0.4% and NAB off 0.3% with the Big Bank Basket down to $280.80 (%). Wealth managers also saw some selling again. REITs eased. Utilities perked up with ORG up % and APA rising %.

In corporate news, SPL roared 73.1% ahead on a licencing deal with Roche. PYC rehired its MD and rose 16.2%, REH jumped 14.2% on news of a $250m buyback. On the economic front, RBA governor was giving testimony to a Standing committee in Canberra. 

Asian markets mixed again, HK down 1.3%, Japan up 1.1% and China down 0.1%. 

10-year yields rose to 4.27%.

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.

Wall St finished last week with another gain in a largely uneventful session. Big Tech leading all three major indices to fresh record highs. S&P 500 up 0.5% on heavy volume. Nasdaq up 0.72%. Dow Jones up 173 points. Traders digesting the monetary policy outlook as Stephen Miran justified his FOMC vote. The lone 50bp dissenter argued a neutral interest rate (neither tight nor loose) is the correct setting for an economy with ‘no inflation risk’ – prompting a debate over relaxation of the Fed’s 2% inflation target. S&P 500 up 1.2% for the week, Nasdaq up 2.2% vs the ASX 200 down 1%. Bond yields on the longer end rose 2-3bp while the USD gained for a third session (AUD down 0.3%). US government shutdown risk back in the headlines after the Senate rejected the latest funding bill. Democrats opposing the bill due to lack of Health Care funding.

SPi up 24 - Gold soars - Bullock speaks today.

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.

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.

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.

The ASX 200 has finished the day down 73 points or 0.8%. Midday rally fizzling out despite US futures rallying. Weaker than expected jobs number not having any impact. Energy stayed worst with STO down 11.9%, WDS down 6.3% and KAR down 3.5%. STO closing 3% below its pre-bid price from June. Utilities, Industrials and Financials next. ORG down 2.6%. TCL down 2.3%. Banks flat save for the CBA down 2.3%. Asset managers GQG, MFG (broker downgrade) and PTM down while wealth platforms HUB and NWL rose. MQG quiet despite headlines. Tech remained the only sector to eek out a gain. WTC, XRO and CDA failing to rally on strong futures but every other major name finished positive.

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.

Wall Street recorded a choppy and mixed session as the Fed cut rates by the expected 25bps and Powell signalled a further two rate cuts this year, citing a weakening labour market while acknowledging continued inflation risks. S&P 500 down 0.1%, Nasdaq fell 0.3%. Dow rose at open and began meandering, higher and then lower, following Powell’s speech, returning and stabilising at the level prior to Powell’s comments. Closed mid-range, up 260 points. Mixed sector performance. Financials the standout, followed by Staples and Materials, all rate sensitive sectors that benefitted from the confirmed Fed cut. At the opposite end, growth was the drag, with Tech and Cyclicals recording red returns for the day.

ASX to fall. SPI futures down 13 points (-0.13%).

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.