Podcast Archive

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The markets are coming off the top. Today we look at all the excuses although the real reason for the sell-off is not to be found in the macro factors. It is a moment of uncertainty. If you are a bit lost at sea then today's podcast will help you decide what to do.

Catch up on all the overnight action and get the vital leads you need to set up your trading day.

US markets took a dive overnight as bond yields crunched growth stocks. SPI Futures are pointing to an 80+ point fall on the open. Will the market bring up the ton like it did yesterday? Get up to speed with Henry's Breakfast Briefing.  

• ASX 200 set for a lower open. SPI down 82
• US markets sold off as bond yields rise and debt ceiling negotiations in focus.
• Oil price hit US$80 for Brent.
• Iron ore down another 5.3%

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today

• The ASX 200 fell hard today down 109 points to 7276 (1.5%). Broad based losses with only energy stocks really bucking the trend. The Banks succumbed to pressure eventually and 10-year yields rose again to 1.46%. 
• The Big Bank Basket fell modestly to $184.42 (0.45%) cushioned to some extent by the bond yields. Other financials in the doghouse with ASX particularly hard hit down 2.8%. Insurers dropped too and MFG fell 3.3%. 
• Industrials also in the sellers’ sights with WOW down 1.9%, REA off 2.8% on possible lending reforms from the Treasurer, WES down 2.2% and TCL falling 2.0% as a bond proxy. Travel stocks mixed but spared the sword on a reopening plan for NSW. FLT up 1.2% and WEB off 0.5%. REITs slipped led lower by GMG off 4.2% and tech stocks cam in for a battering with APT falling 1.8% XRO down 6.4% and the All-Tech Index down 2.4%. 
• In the miners, iron ore price rises were sold into as BHP fell 2.3%, FMG off 5.6% and lithium stocks were depressed, PLS losing 1.4% and ORE off 2.0%. Second liners like LTR and INR especially hard hit. Energy stocks better though STO up 5.6% and WPL up 5.0% with some second liners gaining some attention, BPT up 10.5% after an investor presentation. In corporate news, TUA stole the show up 31.4% with some very decent numbers out of Singapore and the stock rose %, LIS listed today with parent PPK down 0.9% and LIS itself shooting the lights out on big volumes and volatility finishing up 174.1%. 
• On the economic front, retail sales were not as bad as some had feared with a 1.7% drop in August and ANZ Consumer confidence up 0.4% to 103.7. 

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The recent rise in bond yields post FOMC is denting the equity market. Despite that here are a couple of sectors seeing some action as obvious picks for the "Reopening trade". The iron ore price is bottoming. Ideas in the podcast today include Incitec Pivot, A2 Milk and IAG. 

US markets were mixed again overnight and SPI Futures are pointing to a weaker start. It's not all bad news, however, with iron ore up more than 7%. Catch up on all the action with Henry's Breakfast Briefing. 

• ASX set to open lower SPI down 42.
• US markets mixed as 10-year yields rise. Dow up 71 Nasdaq down 78.
• Iron ore rises 8%. Oil and energy in focus.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today

The ASX kicked off the week and run into month end in style, up 42 points to 7384 (0.57%) although well off intra day highs.

 Lacklustre volumes but good support for banks. The Big Bank Basket rose 2% to $185.40. Other financials also moved modestly higher, with MQG up 1.2% and SUN up 0.6%. Miners too, took a positive step this week as iron ore prices stabilised, RIO up 1.1% and FMG up 2.7%. Uranium stocks took a step back, PDN down 7.8% and BOE off 5.5%. ERA announced remediation costs would be higher and fell 8.9%. Gold miners continue to be out of favour but energy stocks continuing to do well as oil and gas prices rise, STO up 2.0% and KAR up 0.2%.

Industrials were mostly firmer, WOW slipped 0.6% and REA down 1.5% but TLS rose 0.8%, ALL up 0.5% and REH up 2.7%. Healthcare mixed. SIG lobbed a fresh bid at API up 3.1%, out bidding WES by 2c at 157c but a cash and scrip combo. Tech stocks flat as APT fell %. The All -Tech Index dropped %.

Nothing on the economic front and corporate news thin on the ground too. NSW laid out the road map to reopening and travel stocks took off, FLT up 7.5% and WEB up 5.2%.


Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

Chris and Tom talk about the businesses they admire and the best and worst investing advice they have heard. 

US markets were little changed on Friday night but there is plenty on heading into the new week. Get up to speed with Henry's Breakfast Briefing. 

• ASX 200 expected to quietly SPI up 2
• Dow closes up 33 points.
• Iron ore flat. Oil prices continue to rise.
• US 10 year yield jumps to 1.40%
• Debt ceiling in focus this week

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today

The ASX 200 finished the week on a soggy note down 28 points at 7343. The market was happy to limp into the weekend after a long week and some frayed nerves. No news from Evergrande on its international bond interest payments putting investors on the side lines. It has now officially passed the deadline but has 30 days to rectify. Banks were stronger as the 10-year yield went through the roof, playing a little catch up to US yields. It hit 1.39% not wanting to be left out. That helped the Big Bank Basket rise to $181.71 up 0.8%.

Insurers also did well, QBE rose 1.7% and SUN better by 0.7%. Industrials though were soggy, WES down 0.2%, GMG down 2.4% and TLS off 0.8%. TCL had first day of rights trading with TCL up 0.36% and TCLR up 13.8%. Healthcare in the casualty ward, COH down 4.8% on a patent issue. RMD fell 3.4% on broker down grades and CSL off 0.3%. Energy stocks were in demand, STO up 1.9%, WPL up 1.7% and KAR doing well up 5.86%.

Miners slipped BHP still under pressure down 1.7%, FMG off 1.2% and gold miners sagged as bullion fell on a stronger USD and bond yields rising substantially. NCM down 2.5% and NST off 4.3%. We saw some light profit taking in some of the sexy new metal sectors like Uranium and lithium.  Tech stocks eased with XRO down 2.1% and WTC off 2.1%. APT managed a gain of 0.4% on the Square US price with the Index down 0.2%.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

Catch up with all the overnight action in stocks,commodities and the issues that will drive our market today.

• ASX 200 expected to follow US markets higher . SPI up 8.
• Dow closes up over 500 points.
• Iron ore flat. Gold tumbles 1.2%. Oil prices continue to rise.
• US 10 year yield jumps to 1.43%
• Evergrande in focus but risk receding.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today