Podcast Archive

• ASX 200 set to open lower today with SPI futures down 0.6% overnight.
• US market weaker as CPI numbers missed expectations.
• Iron ore lower and base metals under pressure .

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CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

The ASX 200 closed up 12 points (+0.2%) to 7437.  RBA governor comments on rates turn things around. BHP Group (BHP) and Rio Tinto (RIO) up around 0.6% a piece bucking the negative trend in iron ore, though FMG is faring a little worse down 1.79%.

Banks joining in the bounce back today with the Big Bank Basket up to $183.24 as MQG rose 1.9% with CBA leading up 0.3%. Healthcare stocks in the casualty ward today with CSL off 0.7% and RMD falling 2.9% with FPH also lower by 3.6%. Tech stocks were weaker led by APT following Square lower down 1.4% and the All-Tech Index down 1%.

Industrials were mixed as TLS gained 1.3%, SCG up 3.2% and TCL up 0.1% ahead of a possible capital raise. Uranium stocks which ran hard yesterday saw some profit taking in places but buyers appearing at lower levels, ERA up 9.5% and CXO doing nicely putting on 27.1%. Lithium stocks remain in favour as do oil and gas stocks for a change. STO up 5.2% and WPL up 6.2%. 

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Are we getting close to the bottom on iron ore? BHP and RIO up whilst the iron ore price goes down. Lithium and uranium both hot to trot. The energy sector flying along as brokers think it's undervalued. Today we talk about education and tell some stories about where Marcus Today came from and how to do broking.  We have a video asking "Why would you want to do your own investing?" Some exceptionally overbought and oversold stocks. Duncan Isadora hoisted by her own petard.

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Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST

ASX 200 rallies 19 points to close at 7425 a drifting day after gains early saw seller re -emerge before closing buys. Resources which had been the trailblazers gave up some gains in iron ore with BHP up 0.6% and RIO off 0.2% on US Oak Flat news, FMG managed a 0.8% gain. Uranium was the huge winner today, anything that glowed was red hot, PDN, BOE, BNM, ERA and AGE leading the charge. Base metal stocks firmed with lithium in focus too, PLS up 7.3% and LYC rallied 5.4%.  Banks were flat with the Big Bank Basket down to $182.74. Insurers slipped, MFG fell another 2.5% and MAF dropped 4.9%. Industrials mixed with ALL up 2.9% and TCL down 1.3%. Tech stocks were flat as the All-Tech Index fell 0.1%. APT off 2.0% following the Square Dance down. In corporate news, SYD got another bid at 875c from IFM and agreed to DD, CDM updated the market on the recent SPC listing and NTA falling 9.9%. Sell the fact again in play.  Nothing on the economic front today.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST

Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

ASX 200 up 37 points to 7407(0.5%).  Miners and resources doing well as BHP rose 0.8% and FMG put on 2.6%. Base metals following the positive leads from LME prices overnight, AWC up 6.3% and MIN better by 5.6%. Coking coal hits a five-year record of US$300, WHC up 2.7%. Industrials mixed with CSL off 1.0% and gains in some tech stocks helping. XRO up 2.6% and WTC doing well up 2.6%. The All-Tech Index up 1.1%.

Banks stable with CBA the best of the bunch up 0.5%. The Big Bank Basket at $182.78. MQG giving back some of this weeks’ gains down 0.6%.

In corporate news, STO and OSH have agreed on the merger terms, but the PNG government is proving a hurdle. AMA has launched a $150m capital raising with an entitlement issue and IRE has extended the Due diligence period for EQT. Citi is a little bearish on Z1P up 2.7% after a US visit on the brand change and MFG falls 1.9% on a broker downgrade. No economic news.

European futures opening stronger. US PPI tonight.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST

Welcome to the new MT Breakfast Briefing Podcast. 

This is for those members that do not want to see a video but would rather have a podcast whilst driving perhaps. 

Same content - different format.

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.

ASX 200 crashes 143 points to 7370 as pent up selling and growth pessimism takes hold. All sectors were hit with the banks under serious pressure and the Big Bank Basket down to $182.06 with MQG falling 2.1%. Insurers too under pressure, QBE down 1.7% and IAG falling 2.4%. Healthcare sold off except RMD which was one of the few spots of green on screens up 1.8%.

Industrials smacked, TLS down 1.5%, WES off 1.9%, WOW down 0.5% and SEK down 4.1%. Tech stocks under serious pressure with APT following the Square Dance down 3.1% and the All-Tech Index down 2.9%. Resources whacked too on iron ore falls, BHP off 1.7% and FMG down 0.6%, holding up quite well considering. Gold miners and oil and gas on the nose, WPL down 2.1% and STO off 2.6%. In corporate news, WBT rose 27.3% on its first commercial agreement with SkyWalker and NVA rose 3.9% on a confirmed gold discovery.

On the economic front, payroll jobs fell by 0.7% in the fortnight to August 14. Total wages paid decreased by 1.0% according to the ABS.

ECB news tonight.

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An ugly day today as iron ore continues to fall and banks give it up. Defensive stocks doing okay. Tech getting wrecked. We look at the Buffett indicator which agrees with a few US strategists that having doubled in 18 months the market is precarious. We look at the shuffling nickel sector and wonder whether the takeover interest might filter down to the minnows (one day). Most of the brokers don't like Macquarie after their update yesterday but what would they know, they've been wrong so far. Mao Tse-tung and Michael Buble finish us off.