After a strong lead in this morning thanks to Joe Biden's announcement of a US$2 trillion infrastructure package, it was a choppy day on the local market which saw a late afternoon rally in the financials get us up by 0.6%. Tech and miners led the gainers thanks to bond yields holding and rising steel and gold prices respectively. Real estate was the only sector to finish in the red (just). Our top three VODs today are: Value in iron ore and consumer staples A local and global pick for your port...
Apr 01, 2021•11 min•Season 2Ep. 60
A real green and gold day here on Aussie markets. Quarter end flows helped push the local index to a five-week high - closing up 0.78%. The local bourse outperformed regional markets with all sectors finishing in the green. Gold names alone missed out, thanks to spot prices dropping as bond yields rose once again and the US dollar strengthened. Out of session US futures are flat, signalling another lacklustre session tonight. Our three VODs are: This ETF gives you exposure to crypto without the ...
Mar 31, 2021•10 min•Season 2Ep. 59
The local bourse closed down 0.9% as investors watched the horizon for a contagion effect of the Archegos Capital liquidation and US$20 billion losses for Credit Suisse and Nomura. Metals and mining, utilities, healthcare and energy led the losers (despite iron ore prices up) while communications was the only sector to finish in the green. Out of session US futures are sitting slightly higher. Our top three VODs today are: David Lane brings along three contrarian buys Gaining exposure to global ...
Mar 30, 2021•12 min•Season 2Ep. 58
After a strong lead in from Wall St, the major index started the day in the green before a slide began mid-morning, that ultimately saw it close down 0.36%. Industrials and materials were the only sectors to finish in positive territory with tech, communications leading the losers. Consumer discretionary was also down heavily after Morgan Stanley said it had become more wary about the sector. In late breaking news, Credit Suisse said it sees a 'highly significant' material impact in Q1 from US-b...
Mar 29, 2021•12 min•Season 2Ep. 57
The local market drifted higher ending a solid week for the local market - up around 1.8%. Most sectors finished in the green, led by strong performances in materials, communications and tech. Window dressing may be a factor in some of the market moves due to the proximity to quarter-end. Energy even managed to rally despite a decline in crude prices of more than 4% overnight. US futures are pointing to a gain of around 0.5% on Wall St tonight. Our top three VODs are: Why this fund manager is so...
Mar 26, 2021•12 min•Season 2Ep. 56
Like cheap cologne this was a trading day full of false promise, where even the ex-dividend stocks were performing well in the first hour or so. Then came the hits - like Westpac running the ruler over its New Zealand operations, and Resolute Mining losing the lease to its Bibiani gold mine. Westpac lost a half-a-percentage point, Resolute lost 27 of them. The BNPL space also had a negative session, despite a more supportive backdrop of lower bond yields. The local ASX index closed down -1.3% as...
Mar 25, 2021•14 min•Season 2Ep. 55
After some underperforming for much of the past week, the local market managed a solid rebound today - bucking the trend around the region. The local index closed up 0.57%. A lower Aussie dollar and lower bond yields, as well as quarter end flows all contributed to the gains. All sectors finished in the green except for energy (crude prices took a hit overnight), industrials and resources. Our top three VODs are: Agriculture stocks are in for a "goldilocks" year Your hump day fix; three stocks t...
Mar 24, 2021•13 min•Season 2Ep. 54
Like many Sydneysiders struggling with the dour weather today, the local bourse looked like it should have stayed in bed, sliding to a 0.11% drop. A lack of fresh catalysts and unease about the inflation story that's driven the cyclical recovery, as well as pessimistic remarks from Angela Merkel midway through the session, all contributed to the drop. The debut of Airtasker (ART) was one of the bright sparks of the day with the stock closing at $1.05 - up 61.5%. Our top three VODs today are: Jun...
Mar 23, 2021•7 min•Season 2Ep. 53
Consumer discretionary and healthcare led the gains on a day of trade that continued the reflation theme but in a less rational, more abstract manner. If the trading day were a price of art it'd have been a wet, relatively cheap Jackson Pollock. The ASX 200 closed up 0.7%. The iron ore miners were under pressure after a steep fall in Dalian futures - Fortescue in particular making a right meal of things. Insurers were also struggling and if you're on the east coast, just look outside and you'll ...
Mar 22, 2021•10 min•Season 2Ep. 52
Aussie stocks remained range bound today in a scenario that's been familiar through out the course of this year. The ASX 200 finished down 0.6%. A late slide on Wall St set the tone, sparked again by a jump in long dated bond yields. Heavy losses in energy, materials, industrials were partly offset by strength in REITs and utilities. Tech stocks recovered most of their early losses to close down 0.03%. On The Last Call today we were joined by David Bassanese from BetaShares, Brian Parker from Su...
Mar 19, 2021•10 min•Season 2Ep. 51
After pushing higher in early trade the ASX when into reverse mid-morning, after a better-then-expected February unemployment rate (5.8%) with the prospect of higher interest rates, ending the day down 0.7%. Our guest today, Sven Henrich, the NorthmanTrader, says the Fed has backed itself into a corner with its commitment to low rates for longer. Has the RBA done the same? Our top three VODs today: NorthmanTrader: The Fed is trapped Three ETFs to play the global semiconductor shortage The one sm...
Mar 18, 2021•12 min•Season 2Ep. 50
A red St Patrick's day on the local market as risk-off sentiment took hold ahead of tomorrow morning's FOMC meeting. Never mind expectations that it'll be more of the same from the Fed which will be working to keep a lid on bond yields. The CXA 200 index closed down 0.63%. Consumer discretionary, tech and utilities were the gainers while materials and energy led the losers. Out of session futures are signaling another soft US session tonight ahead of the Fed meeting... Our top three VODs are: Nu...
Mar 17, 2021•9 min•Season 2Ep. 49
The ASX 200 came back to life today, with a 0.8% jump to a three-week high of 6827.1. Tech, REITs and healthcare sectors were all helped by a decline in long bond rates. The market hit its high before the release of the RBA minutes, which were more dovish that the market had anticipated. Westpac believes the RBA will extend yield curve control by another six months, which helped drive further gains. Temple & Webster was the biggest mover of the day - up 9.2% after Morgan Stanley applied a $1...
Mar 16, 2021•13 min•Season 2Ep. 48
A flat finish for the local bourse with a gain of just 0.09%. Healthcare and real estate led the gains - curiously the latter, as a bond proxy, would typically dip when bond yields rise. Meanwhile while materials and tech were the biggest losers with the buy-now-pay-later names in particular hit hard - Afterpay down 4.5%, Sezzle down 6.1% and Zip down 1.2%. Our top three VODs today are: Morningstar's three (+ two) picks if you're worried about bond yields Mr Ambassador, you have the mic Why Henr...
Mar 15, 2021•14 min•Season 2Ep. 47
Australian stocks ended a disappointing week on a positive note, helped by some dip buying in beaten-down tech stocks and record closes on Wall St for the Dow and S&P 500. Materials, energy and IT all finished strongly. Materials were helped by a gain in base commodities overnight as well as a rebound in the crude price. Financial and staples were the underperformers. Our top three VODs are: A cap for all seasons: Adam Dawes goes big, small AND medium Rudi’s take on why CSL’s share price is ...
Mar 12, 2021•14 min•Season 2Ep. 46
A disappointing session today in what has been a disappointing week. Despite other markets in the region rallying hard, the ASX 200 managed to closed flat. Local tech stocks were hit hard once again despite gains in regional tech indices and declining global bond yields, which would typically support the sector. Afterpay was the biggest BNPL loser (down 5.28%) with Sezzle and Zip also down. Healthcare, industrials and energy were the only sectors to finish the session in positive territory. Our ...
Mar 11, 2021•13 min•Season 2Ep. 46
After starting the day in the green, the ASX 200 slid into the red mid-morning as jitters took hold and Chinese inflation data was better than expected. The materials sector came under pressure from lower iron ore prices with Fortescue and Rio Tinto down 8.34% and 5.54% respectively. Meanwhile, gold miners benefited from the pullback in real yields, with Ramelius Resources up 9.79%, West African Resources up 12.18% and Gold Road Resources up 5.19%... Our top three VODs are: The big utility quest...
Mar 10, 2021•12 min•Season 2Ep. 45
The major index finished the day up 0.5% despite yet another afternoon dip, this time dragged down by the tech names, which have responded negatively to rising bond yields. Intervention from Chinese state-backed investment funds helped to stabilise markets after early losses across Asia. A slight reduction in US real yields also mitigated losses in the tech sector heading into the close. Our top three VODs today are: Three recent IPO stocks worth buying... now Style rotation in markets; three st...
Mar 09, 2021•13 min•Season 2Ep. 44
The local bourse surged at the open after a strong Friday night lead in from Wall St but trailed off this afternoon to close up 0.43%. Declines across Asian markets contributed to the afternoon decline, as did out-of-session US futures. The lack of follow through in the US suggests that the stimulus package was largely dismissed by investors. Also that concerns around rising bond yields have yet to fully dissipate. The infrastructure-led recovery play was the theme of the day with miners the big...
Mar 08, 2021•13 min•Season 2Ep. 43
It was another forgettable performance from the local market, wallowing in negative territory throughout Friday’s session. It was a disappointing end to a week that started with so much promise, undermined yet again by a sharp spike in long bond yields overnight. Most sectors finished in the red with healthcare, consumer discretionary, information technology and materials nursing losses of more than 1%. The miners were hit by falls in the base, bulk and precious metals futures in overnight trade...
Mar 05, 2021•9 min•Season 2Ep. 42
Early on there was cause for joy, oh yes, there were even brief bouts of optimism following a decent lead overnight for materials, but by the end of the session we were down to the tune of 1.1%. Local data revealing a record trade surplus did little to boost sentiment. CSL, BHP, Rio Tinto and Woolworths were ex-dividend, weighing down the broader market. But misery loves company and it's somewhat mollifying the entire Asia-Pac region had a soft session, not helped by e-minis and Nasdaq futures o...
Mar 04, 2021•14 min•Season 2Ep. 41
Local equities rebounded on Wednesday, helped by an improvement in risk appetite across the region and a stronger-than-expected Australian GDP report. After lagging yesterday, materials were the standout performer for the session, jumping over 3% on the back of large gains in bulk and base commodity futures. Financials were also in demand, helped by confirmation Australia’s economy has recovered strongly following the coronavirus pandemic. Those performances were partially offset by declines of ...
Mar 03, 2021•12 min•Season 2Ep. 41
It was a case of what could have been for the local market today with a strong opening bounce fizzling into the close, a disappointing result following strong gains on Monday. All sectors except financials and consumer staples finished lower, led by materials and energy which shed more than 1.5%. Information technology was also pressured, sliding 0.7%, giving up substantial early gains. Remarks from a senior Chinese official on the risks posed by asset bubbles dampened sentiment across the regio...
Mar 02, 2021•12 min•Season 2Ep. 40
Australian shares surged to start the trading week, recouping some of the steep losses seen on Friday. Large caps drove the move, outpacing more modest gains across the smaller end of the market. All sectors finished higher, helped by the Reserve Bank of Australia’s surprise decision to drastically increase the size of bond purchases further out the curve, helping to send yields on benchmark 10-year government debt tumbling more than 30 basis points from Friday's levels. Bond proxies and growth ...
Mar 01, 2021•11 min•Season 2Ep. 39
The ASX 200 followed Wall St lower, with no real rhyme or reason, closing down 2.35%. Tech stocks like Afterpay were hammered as well as other growth companies such as Kogan and Pointsbet. Gold miners were a rare bright spot, boosted as risk-off sentiment took hold. Joining us on The Last Call today were Jonathan Pain (The Pain Report), Paul Colgan (CT Group), Stuart Roberts (Pitt St Research) and James Wright (Sayers). Have a great weekend... Our top three VODs are: Buying the tech dip; How Ale...
Feb 26, 2021•13 min•Season 2Ep. 38
Green on the screen today as the major index recovered from yesterdays losses to close up 0.8%. The market opened strongly after a strong lead-in from Wall St, with investors encouraged by Fed Chair Jerome Powell hosing down inflation concerns. Higher oil prices pushed the energy sector up 1.6%, while healthcare jumped 1.4% after a strong H1 result from Ramsay Healthcare. In fact, all sectors were up except for industrials, consumer staples and REITs. Our top three VODs today are: Taking flight;...
Feb 25, 2021•15 min•Season 2Ep. 37
Tuesday's bounce proved to be fleeting with the ASX falling heavily in line with movements in regional markets and profit taking in cyclical sectors such as materials, energy and financials - all of which rallied hard in recent days. The ASX 200 index finished down 90% - it's lowest level since early February. The tech sector dipped 2.7%, dragged down by the buy-now-pay-later names, who face a code of practice from next Monday... Our top three VODs are: Nine CEO: "The benefits of a deal with Fac...
Feb 24, 2021•15 min•Season 2Ep. 36
The ASX200 came home strongly this afternoon to finish up 0.9% thanks to some massive gains in the REITs, resources and energy sectors. Tech dropped more than 4%, following the drop on the NASDAQ overnight. In fact, Afterpay was one of the biggest losers of the day, closing down 7.2%. An important speech from Fed Chair, Jerome Powell, tonight with markets watching his tightrope act on managing an improving economy while controlling surging bond yields. Our top three VODs today are: Jun Bei Liu's...
Feb 23, 2021•12 min•Season 2Ep. 35
Australian equities had a relatively flat start to the week, although there was a lot of movement beneath the surface thanks to earnings results and some big moves in the Aussie dollar, bond yields, and Chinese commodity futures.Resource stocks outperformed, helping the materials sector to a gain of 2.8%. At the other end of the spectrum, sectors regarded as bond proxies, or which derive a large proportion of revenues from overseas, came under pressure as the Aussie dollar and longer-dated bond ...
Feb 22, 2021•12 min•Season 2Ep. 33
Profit taking was the name of the game today after a week of gains following a raft of healthy half-year results. The ASX 200 index finished down 1.34% with tech, REITs and consumer staples the only bright sparks, while energy (-3.6%), resources (-2.7%) and healthcare (-2.6%) were the laggards. Our top three VODs today are: Get educated on these three stock picks Dig says Cochlear is getting stronger every day EML and candy; it's Peter's tour of the market Hosted on Acast. See acast.com/privacy ...
Feb 19, 2021•13 min•Season 2Ep. 33
