Market Updates

US stocks bounced as the world seemed a little less fraught. Boosting by a strong PMI manufacturing number. Oil prices fell sharply as Iran tensions eased. Gold and silver are still cooling, and the USD looks like it will stabilise from here. There’s no big American debt crack up imminent. US President Trump said a trade deal with India would see their tariffs cut from 50% to 18% in exchange, at l...

ASX 200 down 91 points to 8779 (-1.0%) as losses accelerated across Asia. 30-point rally into the close helped somewhat. South Korea was smashed over 4% on AI spending fears and gold and silver fell hard as did oil, as selling spilled over to other assets. Here the banks held up on defensive buying and CBA regained its crown as Number 1. Up 1.4%. The Big Bank Basket higher at $270.11 (0.7%). Other...

US equities finished down in Friday trading, though ended off worst levels. Big tech was mostly lower; however AAPL was a slight gainer on its report and TSLA fared well. Other underperformers included semis/semicaps , software, precious-metals miners, homebuilders, transports, managed care, hotels, cruise lines, auto suppliers, China tech, nuclear, and quantum computing. High-beta, momentum, smal...

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The markets are really moving now – both up and down. The Nasdaq was down 0.7% and the S&P500 was off a minor 0.1%. There were bigger moves in individual stocks. Microsoft fell 10% as the market reacted negatively to its release yesterday after the close. Conversely, Meta rallied 10% as the market took a positive view on how AI can help its advertising cash cow. ServiceNow was belted 9.9%. App...

ASX 200 fell 6 points to 8928 as iron ore stocks rallied into the close. The turn in BHP and RIO helped on a bump higher in iron ore. Gold miners were strong but not getting carried away. NST up 3.1% and NEM up 2.6% which considering the bullion price went nuts again, shows maybe some short-term fatigue. Uranium stocks were patchy too given the big move to US$100lb in spot prices, PDN only up 1.4%...

US markets were braced all day for some important earnings release after the market. Marcus has the initial reactions in the Market Strategy section. It includes Microsoft , Meta , IBM and Tesla . Otherwise, the S&P500 was essentially flat and the Nasdaq up 0.2%. The VIX and bitcoin stayed steady. It’s a calm market considering the Fed meeting (keeping rates on hold), Trump unleashed aggressiv...

ASX 200 started strong but wobbled ahead of CPI and ended down 8 points to 8934 (0.1%) after CPI nudged higher. Now a 70% chance of a rate rise next week. Most sector of the market slid, Banks off slightly, ANZ down 0.5% and the Big Bank Basket unchanged at $268.50. MQG dropped 1.1% with insurers also weaker, QBE down 1.2% and ZIP came undone, off 4.0%. REITs also under pressure with GMG off 1.1%...

Another positive session for the US stock market with the S&P 500 trading to a record high of 6988 points . That’s the fifth straight day of gains. All eyes are turning toward the 7000 level to see if it can break sometime soon.  US chip makers rallied, with Nvidia +1.1%, Intel bouncing +3.4% and Micron up a very solid +5.4%. Big tech put in some good numbers too with Apple +1.1% and Amazon +2...

ASX 200 kicked another 82 points higher to 8942 as BHP roared back into #1 spot on the ASX. Up 2.6% today.  Fair to say resources were a little mixed, gold miners tried hard to suck the same ‘Koolaid’ as bullion traders, but failed, with EVN down 0.7% and NEM only up 1.4%. Most other were solid but not spectacular. Lithium and rare earth stocks felt a little pain, LYC down 5.0% and PLS off 2.4%. I...

The S&P 500 rose on Monday as traders monitored political developments and braced for a big week of key earnings reports as well as the latest Federal Reserve interest rate decision. The broad market index advanced 0.50% to end at 6,950.23. The Dow Jones Industrial Average gained 313.69 points, or 0.64%, and settled at at 49,412.40. The Nasdaq Composite climbed 0.43% and closed at 23,601.36. T...

The ASX 200 limped into the Australia Day weekend rising a modest 11 pts to 8860. Down around 44 points for the week. But what a ride! A reverse of yesterday’s moves. Banks eased, CBA down 0.8% and WBC off 0.4%. The Big Bank Basket fell back to $266.78 (-0.6%). Insurers dropped with QBE down 1.8% and SUN off 1.4%. Other financials were mixed, ZIP up 5.2% and XYZ rising 1.0%. GQG drifted 1.0% lower...

It was a positive night for US stocks with geopolitical risk continuing to moderate . The S&P500 rose 0.5% and the Nasdaq 0.9%. The VIX fell back to 15. The Trump tariff spooks seem to be getting less acute each time. The Russell 2000 went into fresh all time highs. The US small cap sector has now outperformed the S&P500 for the 14th session in a row . That’s the most since 1996. META rall...

The ASX 200 rallied 66 points to 8849 (0.8%) on Greenland relief despite firmer than expected jobs data putting a Feb rate rise on the table. The reverse of yesterday’s moves as banks and industrials bounced back with resources sold off. Some disappointing quarterlies in the gold sector plus some overbought saw profit taking. Bullion prices also eased on the TACO man’s latest back flip with pike....

There was a relief rally in the US markets overnight after Donald Trump moderated his rhetoric against the EU over Greenland and withdrew his tariffs threat, at least for the February deadline originally in place. He also ruled out taking Greenland by force. That said, he still wants it under American ownership. Both the Nasdaq and S&P500 rose over 1%. It was a broad based rally with every sec...

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It was a difficult night for US stocks with the SP500 down 2% and the Nasdaq down 2.4%. The VIX index hit 20, a 26% rise and gold topped US$4700. President Trump’s aggressive stance against the EU over Greenland plus weakness in Japanese bonds are pressuring the market . Reuters quotes the President as saying, “There is no going back”, when it comes to US control of Greenland. He’s also using the...

Want to invest with Marcus Today ? Our MT20 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...

Want to invest with Marcus Today ? Our MT20 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...

ASX 200 slipped 29 points lower to 8875 today on worries over Trump’s move on Greenland. US futures turned lower, US physical markets closed tonight. Across the board losses led by the banks, CBA down 0.7% and NAB dropping 1.1% with the Big Bank Basket down to $271.82(-0.7%). MQG dropped 0.5% and other financials saw profit taking. Insurers also fell, IAG down 1.2%. REITs were mixed, GMG dropped 1...

Wall St ran out of steam on Friday night. Losing an opening gain to finish flat as Trump hinted at a new, potentially more Hawkish Fed president . SP500 down 0.06% just off record highs. Volume above average before the Martin Luther King holiday tonight . Small caps outperformed yet again as mega-cap valuation concerns continue. Most FANG stocks down. Dow down 83 points. Market stalling at the cei...

ASX 200 had another good day up 42 points to 8904 to a 10-weeek high. For the week we are up around 2.1%. Technology saw buyers return after a period of sub-optimal ‘dogness’. NXT jumped 3.5% and 360 rallied 1.7% with the All-Tech Index up 0.8%. I can’t remember the last time that happened. Banks were firm, CBA up 0.5% and WBC up a massive 1.8% with the Big Bank Basket at $273.68 (+0.7%). Financia...

A cracking result and profit beat from AI bellwether stock TSMC overnight sent a buzz of confidence back through the US market, especially around the AI trade. Both the Nasdaq and SP500 were up, 0.18% and 0.26% respectively. The Dow climbed 293 points and the VIX fell back.  TSMC released its fourth quarter results, which handily beat expectations. Q4 profit was up 35% to a record high . TSMC is t...

Want to invest with Marcus Today ? Our MT20 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...

The S&P 500 dropped 0.53% and closed at 6,926.60. The Dow Jones Industrial Average lost 42.36 points, or 0.09%, and ended at 49,149.63. The Nasdaq Composite shed 1%, settling at 23,471.75. It was the second consecutive day of losses for all three indexes. Tech bogged down the broader market. Chip stocks in particular suffered losses, as Broadcom fell 4% and Nvidia and Micron Technology slid mo...