Market Updates

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 positive session, boosted by Nvidia and Eli Lilly, despite concerns surrounding Fed independence as Trump fired governor Cook. Trump’s decision comes on the back of allegations made by Bill Pulte, a Trump ally, of the federal housing finance agency, that Cook falsified records to receive favourable mortgage terms. Markets seemed to shrug the news off. S&P 500 up 0.41%, Nasdaq rose 0.44%. Dow rose steadily throughout the day. Closed near high, gained 136 points. Most sectors up. Energy and REITs the exceptions, as the former followed oil down. Industrials, Financials and Healthcare, the main leaders, recording gains of between 0.7%-0.9%.

ASX to rise. SPI futures up 47 points (+0.53%). Results in Focus - WTC _DMP - FLT- NEC.

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 gave back 37 points to 8936 (-0.4%) as most sectors slid. Banks were relatively flat with the Big Bank Basket at $282.39 (-0.5%). Other financials lost ground, NWL down 3.2% and HUB continuing to fall off 5.5%. Insurers were under a little pressure, with REITs lower too. GMG slipped 0.4% and ASK fell 6.2% as the bidder pulled out. Industrials slid, WES off 0.8% and TCL down 1.1% as retail weakened, JBH off 1.1% and PMV down 2.3%. WEB fell 5.7% on results, while COL rallied hard, up 8.5% on an earnings beat, with WOW following suit, up 2.5%. REA and CAR slid lower as tech was generally mixed — WTC up 4.5% and XRO again slipping lower, down 1.1%.

In resources, FMG disappointed the market, sliding 3.9% on the lowest dividend in seven years, BHP fell 1.1%, and MIN dropped 5.2% as profit-taking emerged in lithium stocks. Gold miners were mixed, VAU up 5.% and CYL rallying 7.2%. Uranium stocks performed better, with PDN up 6.5% and DYL rising 6.9%. STO also put on 2.1%.

In corporate news, SCG ran 1.5% on solid earnings, VEA fell 1.9% on weak refining margins, and NAN rose 15.1% after a 59% increase in profits. TYR fell 2.5% on NPAT dropping 30%.

In economic news, RBA minutes were released today. The Board acknowledged risks in both directions. Personal insolvencies climbed 7.9% in the June quarter, with 3,179 Australians entering bankruptcy or debt agreements.

Asian markets were mixed — Japan down 1%, HK down 0.3%, and China unchanged.
European markets are opening flat. US Dow futures down 35, Nasdaq down 30.

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 closed lower as markets awaited developments on the path of Fed policy and index heavyweight Nvidia’s Wednesday results. Nvidia climbed 1.0% as its earnings loomed while key data releases before the Fed’s next meeting, such as PCE this Friday, the Fed’s preferred inflation gauge, and non-farm payrolls data next week, are seen as crucial as to whether the Fed will cut in September. Market currently pricing in a 84% chance of a cut. S&P 500 down 0.43%, Nasdaq fell 0.22%. Dow fell steadily throughout the day. Closed near low, down 349 points. Most sectors down. Energy and Tech the exceptions, recorded modest gains. Healthcare, Staples and Utilities all recorded losses of over 1.0%, sell-off was focused on Defensive sectors.

Resources mixed despite the dollar strengthening. Oil rose as traders bet on further US sanctions on Russian oil and further Ukrainian attacks on Russian energy infrastructure.  Copper and aluminium recorded gains while nickel and zinc both fell.

ASX to fall. SPI futures down 27 points (-0.3%). FMG COL Results - RBA Minutes

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 jumped early, then fell back to close up only 5 points at 8972 as the great rotation continues. Unleash the resource bulls! Banks and industrials sold off as commodity stocks rallied hard.

The Big Bank Basket fell to $283.70 (-1.5%) with insurers also under siege on rate-cut hopes, QBE down 2.1% and SUN off 2.9%. REITs picked up the slack, pushing ahead, GPT up 1.1% and CHC up 1.6%. Financials were also better, AMP up 1.4% and ZIP basking in a warm embrace from broker calls, rallying another 7.5%.

Defensives in consumer land slid, WES down 2.6% with WOW off 1.5% and COL down 0.6%. CPU fell 5.2% on lower rates, and QAN came in for a landing, down 1.3%. Tech also came under a little pressure, XRO continues to slide lower after the U.S. acquisition and cap raise. Retail and travel stocks were slightly better on rate-cut news — TPW rallied 5.4%, and LOV was up 2.9%. GYG found some support, up 7.8%, and FLT rose 1.1%.

In resources, the big iron ore miners had a strong day, BHP, RIO, and FMG all up around 2.6%. Lithium stocks were better — PLS results today were cheered, with the stock rising 2.4%. IGO up 3.7%, and LTR rallying 4.2%. Gold miners were firm, EVN up 3.5% and NST up 2.8%, with copper stocks also in demand, SFR up 5.3%. Uranium stocks are finding new friends, PDN up 5.3% and NXG rising 5.3%.

In corporate news, REH got smashed 16.4% by the Victorian economy, ABB beat forecasts and is going “buddyless.” BEN delivered an FY loss but rallied 1.1%, with STO extending the ADNOC deadline by a month. NHF rose 2.7% on better-than-expected results. ANN bounced 10.3% on upgraded guidance, and SXL surged 26.5% after a good set of numbers.

Nothing much on the economic front.

Asian markets up again, Japan up 0.4%, HK up 1.8% and China up 1.1%

European markets opening flat. US Dow futures down 28 Nasdaq down 9. UK markets closed for bank holiday.

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 rose sharply overnight, boosted by a dovish shift from Powell at Jackson Hole. S&P 500 up 1.52%. Erasing its weekly loss to finish up 0.27%. Nasdaq best. Up 1.88% but still finished down 0.58% for the week. Dow up 846 points to a fresh record high. The best performer this week up 686 points or 1.53%. Small Caps, the most sensitive to rate cuts spiked 3.86%. Having shown no inclination to cut rates until the recent soft jobs data, Powell opened the door overnight, saying "The stability of the unemployment rate and other labour market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance." Going on to say the inflation impact from tariffs may be short lived. Odds of September rate cut rose as did the odds for three cuts this year. Bond yields dropped, equities and gold rose. USD surprisingly only down a touch. Adding to positive sentiment – Canada announced it will remove any retaliatory tariffs on the US that were compliant with the USMCA free trade agreement. Carney softening his previous tough stance on trade policy.

SPI up 84 - Results drop - ANN - PLS - REH - NHF - BEN

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 back below 9000 to 8967, down 52 points (0.6%) as results weighed after a long week. Banks remained firm with WBC up 0.7% and NAB slightly firmer, the Big Bank Basket drifting to $288.16 (-0.2%). Other financials also drifted lower, GQG fell 3.0% after early gains. Insurers firmed, ASX fell 2.1%, and ZIP soared 20.2% on better results. REITs were under pressure as GMG fell 4.8% on broker comments, SGP and CHC both better. Industrials slid, BXB saw some profit-taking, QAN dropped 2.1%, and ALL off 1.7%.

Retail stocks also eased back, PMV down 4.0% and JBH falling 1.6%. GYG collapsed 18.2% after the results and a trading update. CTD in a trading halt awaiting some material news. Tech stocks eased back too, WTC down 1.8% and XRO continuing to fade. Down 0.6%. The All-Tech Index up 0.2%. WOW and COL under pressure. CSL resumed the downward momentum, off 4.2% as TLX trundled higher.

In resources, BHP slightly lower, RIO fell 1.1%, and gold miners were mixed. WAF up 3.3% and VAU up again post results. Lithium stocks fell, PLS down 4.5% and MIN off 3.2%. Uranium stocks better, PDN up 4.3% and DYL rising 3.8%. Oil and gas firmed, coal stocks eased.

In corporate news, ING dropped 20.3% as Woolies contract took its toll, HLS rallied 18.6% after results, AX1 dived 17.8% on disappointing sales growth, MVF fell 13.7% on disappointing profits and outlook.

Nothing much on the economic front.

Asian markets mixed again, Japan flat, China up 1.7% and HK up 0.5%

European markets opening flat. US Dow futures down 18 Nasdaq down 32.

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 night ahead of Powell’s speech at the Jackson Hole Economic Policy Symposium early in the next session. Fear of a hawkish tone being reflected in markets over the past couple of days. S&P 500 down 0.40%, Nasdaq fell 0.34%. Dow recorded another choppy session, finding some strength toward the end. Closed mid-range, down 153 points. Most sectors down. Energy and Materials the exceptions, former followed oil upwards. Staples and Cyclicals the worst performers, defence and growth, showing caution ahead of Jackson Hole was widespread. Staples were dragged lower by Walmart which fell 4.5% despite raising full-year sales and profit guidance, citing strong demand across income groups, as it reported its first earnings miss in three years.

In corporate news, Walmart was the main story after its earnings report with margin pressure from tariffs souring sentiment, weighing on peers like Target and Home Depot, which fell 1.7% and 1.1%. Similarly, Coty endured a steep 21.6% plunge after forecasting softer sales, underscoring fragility in discretionary spending. Tech weakness persisted, with Nvidia down 0.2%, Meta fell 1.2%, Amazon dropped 0.8% and Advanced Micro Devices retreated 0.9%, extending recent losses in the sector as concerns grow over stretched valuations and political risk.

Resources mixed. Oil rose as Russia-Ukraine peace talks stalled and US demand remained resilient. Copper and aluminium recorded gains while nickel and zinc both fell.

ASX to fall. SPI futures down 12 points (-0.13%). Results in focus.

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 cracked the 9000 mark, up 101 points at 9019 (1.1%) as results buoyed sentiment. Some crackers today and, once again, plenty of volatility — even intraday.

Banks provided the groundwork with CBA up 0.8% and ANZ again doing very well, up 1.5%, with the Big Bank Basket rising to $288.84 (1.0%). MQG had a good day, and financials generally did well. NWL was volatile post-results, down 0.6%, with GQG spurting 4.9% higher. ZIP also did well ahead of results tomorrow, up 2.6%.

Insurers slipped a little, REITs firmed, SGP up 3.6% and SCG rising 1.3%. Industrials were firm too, TLS up 0.8% with WES running 2.5% higher. WOW and COL had good days as well, and BXB shot the lights out with results up 13.2%. CSL found bargain hunters up 2.4%. SHL smashed on results down 12.8%.

Retailers continued to find favour, SUL hit record highs, up 12.3%. NCK gained 2.5%, and MYR rallied 4.0%. BRG also had a solid post-numbers bounce, up 4.9%.

In resource land, BHP was again positive, up 0.7%, with RIO and FMG stronger too. Gold miners enjoyed a bullion rise, and results from NST, VAU, and GMD were somewhat mixed. Lithium stocks were back in favour, PLS up 5.2% with MIN higher 4.5%, and LYC also doing well, up 4.5%. JHX continued to be walloped, down 9.4%.

Oil and gas names were stronger on crude rises, WDS up 1.3% with BPT up 1.2%. Coal stocks improved, and uranium was generally firm.

In corporate news, some cracking results today: SUL, BGA, with IPH falling 19.5% as it warned on US patent impacts. GMG eased 1.4%, with results in line, while QUB fell 0.4% on a large write-down. MP1 fought back from an early drop to close only modestly lower. TLX jumped 7.0% after a wobbly start. 

Nothing much on the economic front.

Asian markets mixed again, Japan down 0.6%, China up 0.5% and HK down 0.3%

European markets opening flat. US Dow futures down 44 Nasdaq unchanged.

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 as Tech once again acted as a drag to the broader market, as investors rotated into other sectors ahead of the Jackson Hole summit which begins today in the US. S&P 500 down 0.24%, Nasdaq fell 0.67%. Dow recorded a choppy session, closing near the open. Closed mid-range, up 16 points. Primarily strong sector performance with the Growth sectors of Cyclicals and Tech the only two holding the indices back. Apple and Tesla, down 2.0% and 1.6%, led the losses. Energy followed oil up, Staples added to yesterday’s gains and Healthcare climbed upward too.

Resources up. Oil rose US crude inventories dropped by more than expected with a decrease of 6m barrels. Copper, aluminium and zinc all down.

ASX to rise. SPI futures up 20 points (+0.23%). Super Thursday Results - BXB GMG SUL 

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.