Explorez tous les épisodes du podcast Market Updates
| Titre | Date | Durée | |
|---|---|---|---|
| Pre-Market Report – Friday 13 February: US markets drop again | Commodities sold down | 12 févr. 2026 | 00:16:32 | |
Stocks dropped on Thursday as investors began to worry about the negative side of the artificial intelligence buildout, which threatens to disrupt the business models of whole industries and raise unemployment. The Dow Jones Industrial Average shed 669.42 points, or 1.34%, to end at 49,451.98. The index was led lower by Cisco Systems, which slid 12% after the maker of networking hardware such as switches and routers issued disappointing guidance for the current quarter. The S&P 500 dropped 1.57% and closed at 6,832.76, while the Nasdaq Composite lost 2.03% and settled at 22,597.15. Apple dropped 5% on Siri delays – SPI down 78 – COH and WBC results. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| End of Day Report – Thursday 12 February: ASX 200 up 29 points | Touches records, fails to hold | 12 févr. 2026 | 00:16:04 | |
The ASX 200 missed it by this much. Closed up 29 points to close at 9044 (0.3%). Banks were once again the stars of the show as the ANZ result kicked it higher, up 8.5% with the Big Bank Basket up to $306.63 (+4.8%) a new record close. Other financials were sold down hard as AMP results bombed with investors, the stock falling 26.7%, ZIP dipped 5.8% and CGF fell 6.0%. Insurers also under pressure again, QBE down 2.0% and MPL falling 2.2%. Industrials also fell in a heap, are we really at record highs? ALL down 3.9% and JBH losing another 1.0% with REITs under pressure again, GMG down 1.7% and SCG off 5.3%. ‘Old Skool’ platforms, again in the doghouse, REA down 3.3% and CAR hitting a speed bump off 5.3%. Tech stocks were horrible again. It continues to cascade lower, the All-Tech Index down another 6.7% with WTC falling 6.6%, XRO heading that way, down 8.4% and TNE off 6.9%. Healthcare checked into A&E as CSL fell another 6.9% with RMD dropping 2.6% and PME being sold down 23.9% on disappointing numbers. In resources, gold miners mixed, lithium stocks better, PLS up 3.8% and MIN pushing 1.4% higher. BHP and RIO doing well on copper prices, uranium struggling, LOT down 7.2% and PDN up 0.7% on better results. In corporate news, TPW were smashed down 32.6% on disappointing numbers and increased discounting. AMP dropped and ASX fell 1.7% after its better-than-expected revenue, wiped out by expenses. BRG saw record EBITDA and popped 1.7% higher. On the economic front, Michele Bullock got a grilling from one Senator. US futures Dow up 157 points and Nasdaq up 46. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| Pre-Market Report – Thursday 12 February: US markets going nowhere | Jobs beat | 11 févr. 2026 | 00:14:38 | |
US shares largely trod water, with the S&P 500 not moving either way. Bond yields rose as the US labour market data came out stronger than expected. That might mean the Fed isn’t as quick to cut rates to support jobs. Resources showed some spark, but it’s more consolidating the recent rally than further price appreciation. Perhaps the exception is oil, with energy being the best performer in the S&P500. Oil also helped Euro stocks hit record highs. OPEC released its monthly report this week. The group paused production hikes in the first quarter of 2026 but meets on March 1 to decide whether they should resume in April. OPEC says travel and road transport are helping to drive demand. The weaker US dollar also helps. We have a multiple of companies releasing their updates today: ANZ, AMP, IAG, TPW, ASX, ORA, ORG, PME, BRG, NST and S32. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| End of Day Report – Wednesday 11 February: ASX 200 soars 147 points | Banks hit new records | 11 févr. 2026 | 00:16:22 | |
The ASX 200 soared today as CBA delivered in spades, the index rising 147 points to 9015 (+1.7%). How things have changed around since ‘shambolic’ Friday last week. Up over 300 points since then! CBA beat forecasts and drove the banking sector higher. Not often that you see a 6.8% rise in CBA. NAB up 3.4% and the Big Bank Basket up to $292.52 (+5%). Insurers bounced back a little, SUN up 0.6% and MQG jumped 2.7% on broker comments. REITs under a little pressure with GMG down 1.0% and SCG off 0.5%. Healthcare in ICU today as CSL managed to top its shambolic CEO news with a bad set of numbers and dropped 4.6%. Some bargain hunters saving it from a worse fate. RMD dropped 4.7% as it went Ex-Dividend. Industrials were better, retail rose, JBH up 1.3% and WES up 1.0% with SGH also up 3.6% on better than expected numbers. Utilities better and ABB soared 14.8% on its deal with AGL. JHX also beat expectations and rose 10.9%. In resource land, BHP up 1.6% and FMG doing well, up 2.3%. Gold miners started slow but ended up, EVN produced a good set of numbers and strong cash generation. Up 8.9%. NEM rose 2.4% and SBM up 10.5%. Lithium stocks improved slightly and uranium stocks off the bottom. Rare earths bounced, three-year highs in the underlying starting to feed into the sentiment. In corporate news, results featured strongly, ASX CEO has quit, DMP has a new pizzaiolo. GQG slipped again on fresh FUM. On the economic front, all eyes on US NFP, here we saw first home buyers loans jump the most since 2023! US futures Dow up 141 and Nasdaq up 111. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| Pre-Market Report – Wednesday 11 February: US markets mixed, SPI up 39 | CBA, CSL, JHX results | 10 févr. 2026 | 00:12:15 | |
The S&P 500 slipped on Tuesday as investors reacted to weaker-than-expected retail sales data and grew concerned about the threat artificial intelligence poses to the financial sector. The broad-based index lost 0.33% and ended at 6,941.81, while the Nasdaq Composite slipped 0.59% and closed at 23,102.47. The Dow Jones Industrial Average rose 52.27 points, or 0.10%, posting a closing record of 50,188.14. The index had scored its third consecutive intraday record earlier in the day, a move that comes after it surpassed the 50,000 level for the first time ever last week. SPI up 39 - CSL CBA JHX Results - Gold eases - Copper down. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| End of Day Report – Tuesday 10 February: ASX 200 falls 3 points as CSL is dumped | Banks slide | 10 févr. 2026 | 00:15:05 | |
The ASX 200 started strongly, but wilted in the summer sun, up only 17 points at 8887 (0.2%). Part of the reason was the banks which fell as ANZ Consumer sentiment slid on rate rises last week. WBC and ANZ in trouble with around 2% falls, CBA down 0.7% with the Big Bank Basket down to $278.71 (-1.0%). MQG gave up early strong gains, up just 0.8% on a solid update. Insurers were bashed as OpenAI released a new insurance app in the US. Much like Compare the Market her. Brokers punished, AUB and SDF down significantly. Other financials solid, SOL up 2.2% and ZIP rallying another 6.1%. REITs solid, GMG up 1.2% and Healthcare was solid with CSL up 1.8% ahead of the results. Retail mixed, JBH down another 1.5% again, tech better and showing some signs of life, WTC up 2.6% on a Macquarie report, XRO up 2.2% and the All- Tech Index up 2.2%. Data centres doing better, NXT up 3.4% and MP1 up 2.6%. In resources, BHP up 1.1% and RIO doing ok, Gold miners were mixed, NEM up 1.6% and GMD rising 2.8%. Lithium stocks better on a PLS price floor deal. Uranium stocks doing well too today, PDN up 5.5% and BMN up 10.9%. Oil and gas flat. In corporate news, EOS soared 11.8% on a rebuttal to the Grizzly. NEM has flagged a Barrick IPO and TWE came to an agreement on its US distribution arm. CSL’s head honcho to retire immediately. Results tomorrow! Asian markets - Japan up 2.2%. New record high. China unchanged and HK up 0.5% US futures Dow up 19 and Nasdaq down 18. 10-year yields ease to 4.85%. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| Pre-Market Report – Tuesday 10 February: US markets push higher | Commodities strong | 09 févr. 2026 | 00:13:16 | |
The S&P 500 rose on Monday, boosted by technology stocks, while the Dow Jones Industrial Average reached new heights as investors awaited critical economic data and another batch of earnings reports following a volatile week that ended with the 30-stock index reaching a key milestone. The broad-based index advanced for a second straight day, rising 0.47% and ending at 6,964.82. The blue-chip Dow eked out a 20.20-point gain, or 0.04%, and settled at 50,135.87. The Dow Industrials scored a fresh all-time intraday high and closing record. The Nasdaq Composite jumped 0.9%, closing at 23,238.67. Nvidia and Broadcom were standouts yet again Monday, extending their gains from the previous session with an advance of 2.5% and 3.3%, respectively. SPI up 32 – Results in focus. MQG Update. Commodities very firm. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| End of Day Report – Monday 9 February: ASX 200 up 1.9% | Banks and resources rally hard | 09 févr. 2026 | 00:12:58 | |
The ASX200 rose 161 points to 8870 (1.9%) as we wait for the next catalyst. US futures are slightly positive, but it’s a big week for earnings. CBA and CSL Wednesday. Banks were firm with CBA up 0.6% and the Big Bank Basket up to $281.52 (1.0%). MQG rallied 2.4% and other financials also doing well. ZIP up 3.8% and PPM rose % after a NBIO from CGF. Insurers rose too. REITs had a much better day, GMG jumped 6.5% on data centre outlook and SCG rose 1.8%. Industrials were firm, WES up 1.4% with CAR beating expectations, and rising 9.9%. Retail bounced, although JBH failed to get the memo. ALL up 2.4% and FLT bounce 6.2% in sympathy with WEB. Tech bounced but not really that convincing, WTC up 3.6% and XRO steadied up 1.4% with the All-Tech Index up 3.7%. Resources saw money flood back in, BHP up 2.3% and FMG rallied 2.6% with gold miners better. NEM up 6.5% and NST rallying 3.6%. Lithium becalmed but copper and base metals did ok. SFR up 4.4% with ILU running hot. Uranium too glowing on US AI spend, LOT up 10.6% and DYL rallying 8.2% with coal also a merry old soul. In corporate news, WEB rallied hard as the company clarified the Spanish Inquisition. Up 18.6%. No one expected that. BVS also doing well on a guidance update, rallying 29.4%. SEK took a $356m impairment against its Zhaopin business in China. ARG slightly higher after a profit of $130.8m in the first half, and lifted its fully franked interim dividend to a record 18.5c. In economic news, locally Household spending fell by 0.4% in December in nominal terms. The PBoC injected a total of 600bn yuan via a 14-day repurchase agreement late last week, ending a two-month hiatus. Bitcoin up to $71716. Asian markets flying on Japanese election result. Japan up 4.3%. New record high. China up 1.4% and HK up 1.6% US futures - Dow up 60 and Nasdaq up 48. Superbowl dominating.10-year yields firms to 4.86%. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| Pre-Market Report – Monday 9 February: US markets bounce back hard | Dow over 50k | 08 févr. 2026 | 00:12:06 | |
Wall Street traded higher on Friday, paring losses from earlier in the week, with the Dow Jones index surpassing 50 000 for the first time. Almost all sectors saw gains on the S&P500, with tech stocks leading the index, up +4.1%. Communication Services underperformed, down -1.5%. Amazon declined -5.6% after forecasting a more than 50% increase in capex in 2026 after the bell on Thursday. Chip stocks rallied on expectations for increased AI spend, with Nvidia and Broadcom up +7.8% and +7.1% respectively. Commodities rally - SPI up 108 - CAR in line - PPM bid from CGF. — Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today Join Marcus Today MT20 – Managed ETF Portfolio Principles – How We Think About Investing — Disclaimer | |||
| End of Day Report – Friday 6 February: ASX 200 drops 180 points, 1.8% for the week | Losses across the board | 06 févr. 2026 | 00:13:34 | |
The ASX 200 fell 180points today to 8691 (2.0%). Biggest loss since Liberation Day! Across the board losses and no rally in sight this afternoon. Is this the climax of the selling? No where to run, no where to hide, Materials fell hard led by BHP down 3.1% as copper came under pressure in Asia, RIO held up on news the Glencore deal is off, FMG dipped 1.2%. Gold miners fell, although it could have been worse, NST down 1.7% and NEM off only 4.9% with uranium stocks falling hard too on AI trade impacts, LOT dropped 27.8% as it raised money, PDN fell 10.9% and oil and gas stocks fell, WDS down 1.6% and WHC down 4.1%. BPT continued to fall after the results yesterday. Lithium and other base metal stocks also fell, LYC down 3.2% and PLS off 1.2%. Banks were holding up for a while, before gravity took over WBC down 1.2% and NAB down 1.6%. The Big Bank Basket fell only 0.8% to $278.71.MQG dropped 2.2% and other financials under pressure, HUB off 6.1% and ZIP down 3.3%. Insurers eased and REITs dropped big time, GMG down 6.1% and SCG off 2.5%. Healthcare fell in a hole, CSL down 0.4% and COH falling 3.3% with RMD a bright spot. Retail on sale, JBH down 3.2% and WES off 1.3% with tech wrecked again, WTC down 4.7% and TNE off 5.0%. XRO trying to find a base. Escaping today. NXT dipped 3.9% and EOS down 16.2% and suspended on a research report from Grizzly. In corporate news, RIO and Glencore are now just friends. REA dived 7.8% on its results on lower listings, NWS dipped 5.4% too on results, TWE ditched 8.0% after a UBS report, down % and WEB crashed 29.5% on a Spanish audit. HMC did a strategic deal with KKR and still fell 2.7%. The ASX Tech sector is on track for a 13% fall this week! Down 4.4% again today. Asian markets eased, Japan up 0.8%, China up 0.2%, and HK down 1.3% US Futures down, Nasdaq down 185, Dow down 136 10-year yields eases to 4.82% 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. | |||
| Pre-Market Report – Friday 6 February: US markets continue to slide | Commodities fall | 05 févr. 2026 | 00:15:40 | |
U.S. equities fell for another session on Thursday as investors took a risk-off stance, leading popular trades in technology and bitcoin to unravel. The Dow Jones Industrial Average shed about 592.58 points, or 1.20%, ending at 48,908.72. The S&P 500 lost 1.23%, closing at 6,798.40 and landing in negative territory for the year. The Nasdaq Composite declined 1.59% and settled at 22,540.59. The 30-stock Dow was down nearly 700 points, or about 1.4%, at session lows, while the broad market S&P 500 and Nasdaq dropped 1.5% and 1.9%, respectively. Amazon dropped 9% after hours on results. Alphabet was the latest of the “Magnificent Seven” companies to report earnings results. The company projected a sharp increase in artificial intelligence spending that spooked some investors, calling for 2026 capital expenditures of up to $185 billion. Shares lost 0.5%. However, shares of Broadcom climbed almost 1% following news of Alphabet’s spending plans, offering some hope for the artificial intelligence trade as the market deciphers its winners and losers. SPI down 98 – Commodities fall – Bitcoin dumped. 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. | |||
| End of Day Report – Thursday 5 February: ASX falls 39 points | Resources stumble, banks steady | 05 févr. 2026 | 00:13:03 | |
ASX 200 fell 39 points to 8889 (0.4%) as resources came under pressure again. One day up, one day down. Silver tumbled 15% in Asian trade and dragged gold lower, miners responded with NST down 4.6% and EVN off 3.2%. The big miners eased back, BHP down 3.9% and RIO down 1.4%. Rare earth companies fell, LYC down 7.9% and lithium depressed too, PLS down 3.7% and IGO off 3.2%. Uranium shares were beaten up as the market took AMD forecast as a sign that power requirement would slow. PDN down 9.0% and LOT in a trading halt for a capital raise. Oil and gas stocks eased as tensions with Iran cooled. STO down 0.7% and BPT with its results off 4.4%. Banks were firm, as CBA wrestled the #1 spot back off BHP, up 1.4%. The Big Bank Basket up to $280.82 (%). Insurers are also in demand, higher rates perhaps, QBE up 2.1% and SUN rising 1.7%. Industrials firmed, WES up 2.1% and a bounce in REA up 2.6% with the tech index showing some signs of stability. WTC still down 2.6% with XRO finding some friends, up 1.6%. The All –Tech Index rose 0.1%. Healthcare better as RMD breathed easy and rose 4.9%. In corporate news, ELD has announced its succession plan, it fell 4.1% on the news. NEU fell 9.8% on FDA news in the US, RPL rose 5.1% as it announced a buyback. Asian markets eased, Japan down 1.1%, China up 1.0% and HK down 1.3% US Futures mixed Nasdaq up 20, Dow down 68 10-year yields steady at 4.85% 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. | |||
| Pre-Market Report – Thursday 5 February: US markets mixed | Tech sold down again | 04 févr. 2026 | 00:15:00 | |
The S&P 500 fell on Wednesday as the sell-off in technology stocks intensified, with losses in Advanced Micro Devices hindering the trade. The broad market index slid 0.51% and closed at 6,882.72, while the Dow Jones Industrial Average added 260.31 points, or 0.53%, and settled at 49,501.30. The Nasdaq Composite dropped 1.51% to end at 22,904.58. Adding to the risk-off sentiment, bitcoin fell more than 3% after earlier breaking below the $73,000 level. Meanwhile, ADP on Wednesday released its monthly look at private payroll growth for January, which showed an increase of just 22,000 on the month. That’s below the gain of 45,000 jobs that economists polled by Dow Jones had forecast. The release generally precedes the Bureau of Labor Statistics report on nonfarm payrolls, but that won’t be out this week due to the partial government shutdown. Due now Feb 11. SPI down 20 – Gold steady – Copper and uranium slip. 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. | |||
| End of Day Report – Wednesday 4 February: ASX 200 jumps 71 points | BHP and CBA race for dominance | 04 févr. 2026 | 00:13:28 | |
ASX 200 rallied 71 points to 8928 (0.8%) throughout the day as banks and resources rose in tandem. Tech was shattered again with the All-Tech Index down 7.1%. BHP rose 4.5% to be #1 again as copper bounced back and held gains. RIO up 4.3% and FMG managed a 1.7% rise. Gold miners too bounced back hard as bullion sprinted back over $5000. NST up 6.2% and NEM up 4.3%. Uranium stocks also in demand, NXG up 2.8% and LOT gaining 7.9%. Both STO and WDS rallied hard on crude price rises. Copper stocks were also firm, SFR up 1.2% and CSC rising 3.4%. Lithium a little depressed. PLS down 1.8%. Banks were hot, CBA jumped 2.6% and WBC up 1.5% with the Big Bank Basket up to $277.95 (%). MQG dipped 1.4% and financials fell, ZIP down 9.0% and NWL falling 7.8%. Industrials fell, JBH dropped 1.9% and ALL off 2.8%. Healthcare fell, RMD off 1.6% and COH down 2.5%. Tech was massacred with WTC down 10.7%, XRO smashed 15.9% after an investor day, TNE off 10.5% and 360 off 5.9%. In corporate news, YAL jumped 9.0% amidst Chinese coal demand. AMC rose 3.5% after reaffirming guidance. NEU in a trading halt pending an FDA announcement on NNZ-2591. Nothing on the economic front. Asian markets eased, Japan down 0.9%, China up 0.1% and HK down 0.2% US Futures slightly higher, Nasdaq down 20, Dow up 58 10-year yields steady at 4.86% 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. | |||
| Pre-Market Report – Wednesday 4 February: US markets see rotation | Tech and software sold down | 03 févr. 2026 | 00:12:49 | |
USS equities had a soggy Tuesday. Not disaster territory, but definitely a “this could’ve been worse” close after things looked uglier earlier. Tech was the problem child. Again. Software got smacked, dragging down the usual suspects — BDCs, private equity names and financial data plays all caught in the downdraft. The AI trade wasn’t spared either, with semis, Nvidia/OpenAI ecosystem stocks, retail favourites and crypto proxies all leaning the wrong way. Other soft spots: China tech, Payments, Rails, Entertainment. Basically, if it had momentum and a story, it got trimmed. This wasn’t a full risk-off panic Under the surface, money didn’t leave the market — it just changed seats. Cyclicals actually had a decent day, which is not what you’d expect if recession fear was the driver. Winners included: Small caps, Homebuilders (helped by the rumoured “Trump homes” affordability push), Industrial metals, Chemical Plus: Staples strong (yes, Walmart now a $1T stock — let that sink in) This looked more like rotation than “sell everything and hide.” SPI down 20 - Commodities rally - Gold up over 5% 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. | |||
| Pre-Market Report – Tuesday 3 February: US markets push ahead again | Gold and silver steady | 02 févr. 2026 | 00:12:49 | |
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 least in part, for discontinuing to buy Russian oil and ordering American barrels instead. Indian PM Modi will lower Indian tariffs and buy American goods and services too. Details are, as ever, light. The S&P500 and the Nasdaq liked it anyway, and rose 0.5% each. Disney is likely less enamoured with Trump. International visitors are going to the USA in less numbers (6% less in 2025), and it’s hitting their theme park numbers. It’s TV and film division isn’t running on all cylinders either. The shares dropped 5% after its earnings report came out. Elon Musk's SpaceX and xAI are set to merge for a combined valuation of $1.25T. Trump announced a $12bn strategic minerals stockpile to reduce China reliance. Uranium and nuclear stocks down while copper miners had a tentative bounce. BHP and RIO both up in the US. SPI up 97 - Commodities steady. Ish! 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. | |||
| End of Day Report – Monday 2 February: ASX 200 drops 91 as resources hit again | Banks steady | 02 févr. 2026 | 00:12:52 | |
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 financials under some pressure, MQG falling 0.2% with QBE down 1.0% and SOL falling 2.6%. REITs dipped, GMG down 0.1% and SCG off 1.0%. Healthcare too under pressure, RMD down 1.3% and CSL dropping 2.4%. Tech once again skewered, WTC down 2.7% and TNE falling 0.9%. The All -Tech Index fell 1.2%. Resources bore the brunt of the selling, BHP down 2.3% as copper fell in Asia, RIO off 1.0% and the gold miners under serious pressure, although there were some signs of buying. NST dropped 8.1% and EVN down 5.6% with NEM falling 10.0%. Most arrested declines although failed to bounce. Base metals, copper and lithium stocks also under pressure, LYC down 0.9%, LTR falling 4.0% and MIN dropping 1.5%. Oil and gas stocks under pressure too as crude unravelled on more optimistic Trump tweets on Iran. WDS fell 1.8% and STO down 3.3%. Uranium stocks slid too, as shorts stepped back in. In corporate news, CTD founder and CEO resigned. The stock is still in a trading halt. GNC crashed 14.0% after a guidance update to 30% below consensus on EBITDA. KMD fell 5.2% despite an upbeat sales guidance release. On the economic front, all eyes on the RBA tomorrow. HSBC says it will be the first G10 country to raise rates. Asian markets fell as risk unwound. South Korea fell 4.3% amidst concerns about the sustainability of AI-related spending. US Futures weaker, Nasdaq down 1.3%, Dow down 347. 10-year yields steady at 4.82%. 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. | |||
| Pre-Market Report – Monday 2 February: US markets slip | Gold and silver smashed | 01 févr. 2026 | 00:14:16 | |
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, small-caps, most-shorted names, and retail-investor favorites lagged as well. Relative outperformers included HPCs, telecom energy, insurers, food/beverage, grocers, media, apparel and off-priced retail. Treasuries were mixed with the curve steepening; yields down 3-4 bp at the short end. Dollar index up 0.8%, though still lower WTD. Gold finished down 11.4%, its largest single-day drop in decades. Silver settled down 31.4%, its worst session since 1980. Bitcoin futures were down 0.2%, but came off worst levels. WTI crude settled down 0.3% in choppy trading. SPI down 60 - RBA tomorrow. 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. | |||
| End of Day Report – Friday 30 January: Mining stocks get rattled | 30 janv. 2026 | 00:10:23 | |
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. | |||
| Pre-Market Report – Friday 30 January: US markets mixed | Apple beats forecasts | 29 janv. 2026 | 00:15:00 | |
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%. Apple is currently up 1.7% in the aftermarket after its quarterly showed 16% revenue growth and 19% growth in earnings per share. The iPhone had it best ever quarter. Tim Cook called the demand “unprecedented”. US financials also rallied strongly, alongside copper. Apple up 2% on results - Call to come SPI Futures up 33 points. 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. | |||
| End of Day Report – Thursday 29 January: ASX 200 rallies on BHP and RIO turnaround | Gold shines | 29 janv. 2026 | 00:14:34 | |
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% and DYL leading the charge, up 12.4%. Critical metal and rare earths stocks were walloped on unconfirmed reports that the US is abandoning its idea of a floor price. LYC fell 3.7% and ILU dropped 14.1% as impairments didn’t help there either. Lithium stocks under pressure too, IGO down 5.8% on production report, LTR fell 4.2% on a bond to equity conversion, MIN dropped 3.8%. Oil and gas doing very little. Meanwhile banks were mixed, CBA off 1.1% and the Big Bank Basket down to $266.66 (-0.7%). Financials were mixed too, ZIP fell 3.8% on the strong AUD, given most of its earnings are in USD now. Healthcare stumbled around in casualty, RMD down 1.1% on USD weakness, CSL the same applies off 0.4% and tech got smashed again. WTC down 2.1% and XRO heading that way, off another 3.1%. The All-Tech Index dropped 1.8%. Industrials slid, BXB down 2.6% and QAN off 2.1%. REITs also under pressure. That kind of day. In corporate news, APX jumped 30.5% as revenue rose to $73.4m. AMP fell 4.6% after some accountancy tweaking. QUB saw Macquarie extend its DD to Feb 15th. Plenty of quarterlies to keep everyone on their toes. GMD announced some management changes along with production guidance. Asian markets are mixed, with Japan up 0.4%, HK up 0.3%, China unchanged with Indonesia falling hard again on a GS downgrade. US Futures firm, Nasdaq up 68, Dow down 42 - Gold hits record. 10-year yields steady at 4.83% 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. | |||
| Pre-Market Report – Thursday 29 January: US markets flat | Fed keeps rates on hold | 28 janv. 2026 | 00:14:44 | |
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 aggressive rhetoric against Iran and gold/silver kept mooning. That’s not all. Henry said on his podcast yesterday that he expected uranium to hit US$100 per pound. Even he didn’t expect it do it overnight. Uranium stocks rallied strongly in North America as a result, with gold stocks not far behind. I detected some hesitancy in gold stocks earlier in the week. They’ve shrugged it off now! The lithium sector is taking a breather currently, as are US financial and European shares. None of it looks any more than the usual swings of the markets. That should hold the ASX in good stead for now. SPI Futures down 4 points. ASX to open flat. 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. | |||
| End of Day Report – Wednesday 28 January: ASX 200 shrugs off CPI | Resources and uranium shine | 28 janv. 2026 | 00:16:11 | |
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% and SGP falling 0.9%. Industrials pretty weak across the board, WES down 0.7%, ALL off 2.8% and COL and WOW slipped. Tech was again smashed with WTC off 3.8% and XRO falling again. The All-Tech Index dropped 2.8%. Healthcare also saw sellers, RMD down 2.1% and CSL down 1.2%. It was a different story in resources, BHP up 1.7% again, RIO doing well too and gold miners finding buyers again as bullion pushed above $5200. Silver miners also in demand, uranium glowing red hot, no fall out here with PDN up 5.4% and BMN soaring 17.1%. STO and WDS showed a clean pair of heels as crude rose. STO the standout up 3.0%. In corporate news, AUB fell 4.7% after its acquisition and capital raise. ASX dipped slightly after raising expense guidance, BOE soared 10% after cutting cost guidance. In economic news, inflation picked up to 3.8% in December. Blame the Ashes and the Barmy Army. Every economist is now jumping on the rate hike prediction. 70% chance now next week. Asian markets mixed with Japan down 0.6%, China up 0.7% with Indonesia crashes on MSCI moves, down around 7%. US Futures firm, Nasdaq up 150, Dow unchanged - Gold hits record. 10-year yields steady at 4.82% 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. | |||
| Pre-Market Report – Wednesday 28 January: S&P 500 hits new record | Dow drops on health insurers | 27 janv. 2026 | 00:14:02 | |
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 +2.6%. Tesla slipped 1% again. Resource stocks keep on keeping on. BHP was +4% in American trade. Uranium spot went over $90 per pound, taking up related shares. NexGen Energy was +3.8% and Cameco +3.9%. Like on the ASX yesterday, North American gold stocks were a little muted relative to the move in bullion. A 2% rise in oil lifted energy firms like Exxon Mobil, +1.5%. European stocks wer generally positive. It’s a global bull run happening. SPI Futures up 38 points. ASX set to open higher. Here in Australia, all eyes will be on the CPI data release today and what it will mean for the RBA’s next move. The Aussie dollar is now 70 cents to the USD, the highest level since 2023. 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. | |||
| End of Day Report – Tuesday 27 January: ASX 200 rises 82 points | BHP back to #1, gold miners steady | 27 janv. 2026 | 00:13:32 | |
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%. ILU dropped 4.6% with IPX down 3.8%. Copper stocks fared better as RIO jumped 1.7% and even FMG rose 1.7%. Uranium stocks fell with LOTDB falling the hardest down 7.7%. PDN eased 0.6% lower and BOE dropped 3.7%. WDS and STO pushed ahead on LNG pricing with STO up 2.5% as its first Barossa project cargo left port. Banks were firm, the Big Bank Basket rose to $268.50 (). MQG had a good day in the sun, up 2.3% and insurers did well too, QBE up 1.4% and SUN rising 0.7%. REITs eased back, industrials mixed, WES rose 2.3% and COL and WOW moved higher. BXB fell 1.0% and tech still patchy at best. XRO down 1.4% and WTC up 1.9% with the All-Tech Index up 0.9%. In corporate news, DRO fell 6.5% on a quarterly update, KAR slightly higher after production report, AUB in a trading halt with a $400m placement pending on a UK acquisition. On the economic front, Australian business sentiment rebounded ahead of the Reserve Bank meeting, with confidence advancing to 3 points in December. Asian markets firmed, Japan up 0.6% China up 0.3% and HK up 1.1%. Dow futures down 44, Nasdaq up 142. 10-year yields steady at 4.84%. 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. | |||
| Pre-Market Report – Tuesday 27 January: US markets push ahead | Gold and silver jump | 26 janv. 2026 | 00:11:52 | |
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. The tech-heavy index was supported by jumps of about 3%, 2% and 1% in Apple, Meta Platforms and Microsoft, respectively, ahead of their earnings reports later in the week. Gold and silver shine - SPI up 37 - Quarterlies continue 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. | |||
| End of Day Report – Friday 23 January: ASX 200 up 11 points | Gold miners soar on record bullion | 23 janv. 2026 | 00:15:28 | |
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 and NWL rallied 4.1% on latest numbers. REITs fell again, SCG down 1.2% and VCX down 1.2% with GMG bucking the trend up 0.9%. Some buyers returned to the tech space as 360 roared 27.4% ahead after posting better than expected numbers. WTC moved 0.3% higher with XRO finding some support, up 3.5%. The All- Tech Index rose 2.2%. Finally, some signs of life. Industrials drifted lower, QAN down 1.5% with RMD falling 2.7% and WOW and COL easing. In resources, BHP rallied 0.7% on copper price rises, RIO lost 1.5% and FMG was unchanged on broker research. Gold miners soared again, gold bullion the catalyst. NST bounced 5.4% with EVN up 5.3% and GGP soaring 7.6%. Rare earths were slightly better and Greenland exposed stocks did well. EUR up 8.9% and ETM rising 18.8%. Uranium stocks held on to gains, PDN down 0.4% and DYL rising 1.7% with LOTDB doing well, up 13.3%. STO continues its Barossa inspired rally, up 1.3%. In corporate news, GYG firmed as Uber Eats will now deliver your burrito. AAI fell 0.8% on results. CSC fell 3.4% on a strike at Mantoverde. Nothing locally on economic news, Japan kept rates unchanged ahead of the snap election. Asian markets mixed, Japan up 2%, China down 0.5% and HK unchanged. Dow futures up 35 Nasdaq futures up 35 - 10-year yields higher at 4.82%. 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. | |||
| Pre-Market Report – Friday 23 January: US markets continue to recover | Gold hits record | 22 janv. 2026 | 00:15:19 | |
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 rallied over 5% after announcing ads on its Threads platform and positive analyst coverage. TSLA bounced 3.8%. Gold rose over 1% to hit another record high above $4,900 per ounce while silver and platinum also achieved records. Good economic news came via the US consumer spending data, which increased in November and October. The Bureau of Economic Analysis said it rose 0.5% in both months. The US economy is growing at its fastest pace in 2 years according to their modelling. The US grew 4.4% in the third quarter. SPI Futures down 8 points. ASX set to open mildly down. Gold rallies again. 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. | |||
| End of Day Report – Thursday 22 January: ASX 200 rallies 66 despite jobs number | Gold drops, banks run | 22 janv. 2026 | 00:15:28 | |
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. Banks were firm, CBA up % and WBC rising % with the Big Bank Basket up to $268.35 (+2.2%). MQG had a good day and other financials also doing well, GDG the exception on quarterly FUM numbers. REITs also doing well despite the unemployment number coming in at 4.1% and the AUD rallying hard. 10-year yields back up to 4.80%. Industrials firmed, retail bounced, WES up 2.5% and CSL rose 1.3% with RMD up 1.9%. Tech still a troubled sector, WTC dropped 0.5% and XRO down 1.2%. The All-Tech Index up 0.6%. In resources, it was reverse all engines. BHP down 0.8% and FMG dropping 5.1% on production disappointment. The gold miners were savaged today, yesterday they were all the rage. EVN gave 4.6% back and NST had another bad quarterly and downgrade leading to a fiery analyst briefing. Off 8.4%. Oil and gas better as was lithium and rare earths. Uranium stocks eked out gains, PDN managed to hold on to gains. Oil and gas stocks better on crude and natural gas pricing. STO up 5.3% on first shipments from Barossa and WDS up 2.9%. In corporate news, S32 maintained its guidance, rising 5.3%, NWL down 3.8% despite second consecutive quarter of FUA growth. DYL up 0.9% on a Tumas update. On the economic front, the jobless rate dropped to 4.1% setting up a rate rise in Feb. Every man and his economist now jumping on the rate rise bandwagon. None got the jobless rate even close. Asian markets mixed, Japan up 2%, China down 0.5% and HK unchanged. Korea hit a record. Dow futures up 104, Nasdaq futures up 75 - 10-year yields higher at 4.80%. AUD cracks 68c. 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. | |||
| Pre-Market Report – Thursday 22 January: Trump blinks | US markets rally, SPI up 47 | 21 janv. 2026 | 00:16:23 | |
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 sector up except a tiny drop in utilities. The big chip stocks rallied strongly while the bounce in US big tech was slightly more moderate. Energy led the way as a sector as oil finished up and natural gas rips up. They have risen over 50% over the last 2 sessions. There’s a cold spell hitting America and stoking heating demand. SPI futures up 47 points. ASX set to open higher. Plenty of quarterlies. Gold hits record. 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. | |||
| End of Day Report – Wednesday 21 January: ASX 200 down 33 | Resources run hard, banks drop hard | 21 janv. 2026 | 00:15:28 | |
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. | |||
| Pre-Market Report – Wednesday 21 January: US markets stumble on Greenland and JGBs | Gold and silver hit records | 20 janv. 2026 | 00:14:14 | |
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 threat of tariffs to bend the EU to his will. They will go into effect on February 1 under the current timeline. SPI Futures down 50 points. ASX set to open lower. Gold and silver hit records - RIO and EVN quarterly. 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. | |||
| End of Day Report – Tuesday 20 January: ASX 200 drops 59 on Greenland issues | BHP falls 2% | 20 janv. 2026 | 00:15:06 | |
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. | |||
| Pre-Market Report – Tuesday 20 January: US markets closed | Europe falls on Greenland worries | 19 janv. 2026 | 00:10:17 | |
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. | |||
| End of Day Report – Monday 19 January: ASX 200 falls 29 points | US markets closed tonight | 19 janv. 2026 | 00:14:20 | |
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 1.2% on tech worries. The All-Tech Index continues to be smashed, WTC down 4.4% and XRO heading that way. Off another 2.6%. Retail and industrials sold off too after the run last week. WES down 0.7% with JBH off 0.4% and TLS falling 0.8%. Utilities saw defensive buyers return, ORG up 1.0% and AGL pushing 0.8% better. In resources, gold hit close to AUD$7000 amidst geo-political risk. NST up 3.2% and EVN rising 3.1% with GMD rising 3.7% on broker upgrades. Rare earth stocks doing well again, MEI up 9.3% and LYC rising 5.2%. Copper stocks eased but found a level, iron ore majors were mixed, BHP down 0.5% and RIO up 0.8%. Uranium stocks were glowing red hot on short covering, PDN up 6.6% and BOE roaring 13.6% ahead. In corporate news, CCX had a trading update and rose 3.6%, NWH announced new contracts, down 2.7%, PNV reported H1 sales up 26%. A2M in a trading halt after a big move on Chinese birth rate diving. Down 10.6% before halt. On the economic front, Chinese GDP data came in as expected, 5%. What a surprise. Strong exports helped to compensate for weak consumer spending. Asian markets ease back, Japan down 0.9%, China off 0.2% and HK down 1%. Dow futures down 361, Nasdaq futures down 298 10-year yields higher at 4.73%. 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. | |||
| Pre-Market Report – Monday 19 January: US markets drift lower | Greenland an issue | 18 janv. 2026 | 00:11:25 | |
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 ceiling. Bond yields up. SPI futures down 1 point. ASX to open flat. Greenland and Davos in focus -Quarterlies continue 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. | |||
| End of Day Report – Friday 16 January: ASX 200 up 42, 2.1% this week | Banks lead today | 16 janv. 2026 | 00:15:08 | |
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%). Financials generally firm, HUB up 5.3% and PNI raced 5.0% ahead. REITs also firm, GMG up 1.2% and SCG up 1.0%. TLS firmed 0.4%, REA up slightly and healthcare was firm. Supermarkets did well, WOW up 0.5% and COL up 0.7%. Resources were quieter and a little mixed. Gold miners ran out of puff with NST down 1.0% and GMD off 0.3% but NEM continued 0.7% higher. BHP came off a little, down 0.8% with RIO positive. Lithium stocks came in for some profit taking but uranium was glowing as RBC upgraded the sector. PDN up 4.1% and DYL rising 7.5%. In corporate news, CYL delivered a record quarterly and a broker upgrade helped. IPX up 2.6% after the US DoW paid a final payment and QUB up 0.4% on news MAM will continue with its exclusivity period. CSC did really well, up 7% on its quarterly production. Many more to come next week. Nothing significant on the local economic front, international arrivals rose 8.4% on the same month in 2024. Davos next week should be fun! Largest US Delegation in history. Team Trump, Making Davos Great Again. Asian markets ease back slightly. Dow futures up 108, Nasdaq futures up 100. 10-year yields steady at 4.71%. 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. | |||
| Pre-Market Report – Friday 16 January: US markets rally | Chip stocks rise, TSMC up over 4% | 15 janv. 2026 | 00:11:11 | |
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 the main global producer of advanced AI chips. They expect 2026 revenue to rise nearly 30%. Its market cap is now around $1.4 trillion. It also plans to invest in the US. Capital spending in 2026 could be as high as $56 billion and increase again in 2028 and 2029. SPI Futures down 13 points. ASX set to open modestly lower. Oil drops. Gold steady. Silver recovers. 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. | |||
| End of Day Report – Thursday 15 January: ASX 200 up 41 | BHP heads higher, banks find friends | 15 janv. 2026 | 00:14:25 | |
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. | |||
| Pre-Market Report – Thursday 15 January: US rotation continues | Sell tech, buy small caps | 14 janv. 2026 | 00:11:14 | |
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 more than 1% each. On Wednesday, Reuters, citing people briefed on the matter, reported that Chinese customs authorities have advised customs agents that Nvidia’s H200 chips are not permitted to enter the country. Wells Fargo was among the laggards in the session, falling more than 4% after the company posted weaker-than-expected revenue for the fourth quarter. Bank of America and Citigroup were lower despite their results beating consensus estimates, as traders didn’t view them as strong enough to continue supporting a market trading near record highs. Oil fell on reduced Iran tension. Gold and silver push higher. SPI up 24. 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. | |||
| End of Day Report – Wednesday 14 January: Energy and resources up, banks down | 14 janv. 2026 | 00:07:54 | |
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. | |||
| Pre-Market Report – Wednesday 14 January: US markets ease on JP Morgan and credit card fears | 13 janv. 2026 | 00:12:46 | |
It was a mixed session for Wall Street overnight, with the major indices modestly down. The Dow dropped 398 points and the Nasdaq was 0.1% lower. The SP500 was down 0.2%. US earnings season began, injecting some uncertainty as results begin to flow through to the market. Big tech was weaker, likely held back from valuation concerns and investor rotation into sectors with better potential upside. That may be a theme for 2026. US financials were down too as high expectations make further gains harder to achieve after a strong rally in 2025. Indeed, financials were the weakest sector in the SP500 overnight. US inflation data came out and showed a CPI rise of 2.6% over the last 12 months, and cemented Fed rate cuts in for 2026, but largely built into prices now. There was little action in the EU either, at least as far as stocks are concerned. SPI Futures are down 5 points. 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. | |||
| End of Day Report – Tuesday 13 January: ASX 200 up 49 | Resources shine, banks chip in too | 13 janv. 2026 | 00:11:28 | |
ASX 200 kicked another 49 points to 8809 (0.6%) as resources continue to soar, banks joined in too with the iron ore majors recovering. Some selling on the close knocked it off highs. CBA was up 0.5% with NAB flying 1.9% higher and the Big Bank Basket up to $272.19 (0.9%). Other financials and insurers also rallying, except GQG which fell 8.6% on latest FUM results. REITS also firm, GMG up 1.1% and SCG rising 1.2%. Industrials and healthcare were a little weaker, retail stocks under pressure, JBH down 3.0%, COL sliding 1.8% and TPW off another 2.7%. MYR dropped 5.1% and BAP continued lower. Tech stocks continued to ease, WTC eased 0.3%, XRO up 0.4%, but TNE down 0.8%. Resources were the drivers again, BHP up 2.3% with RIO bouncing back 2.2%. Gold miners were firm, EVN up 2.0% and NST up 3.6% with lithium stocks also doing well and rare earths in focus. LYC up 1.9% despite news that the popular CEO is retiring. Uranium stocks better and oil and gas weak, WDS down 1.7%. In corporate news, EDV fell 2.9% as it forecast pre-tax profits of between $400-411m. FBU reported a modest improvement in the outlook and ZIP dropped 7.6% on US credit card moves from Trump. 4DX in a trading halt with a placement at 380c. On the economic front, the ANZ-Roy Morgan survey on consumer sentiment was the weakest start to the new year in 15 years. Asian markets firmed, Japan jumped 3.4% on a potential snap election, China up 0.1% and HK up 1.1%. US futures down slightly. 10-year yields steady at 4.70%. 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. | |||
| Pre-Market Report – Tuesday 13 January: US markets shrug off Powell moves | Gold hits record | 12 janv. 2026 | 00:13:06 | |
Stocks rallied off their session lows, with the S&P 500 and Dow Jones Industrial Average hitting new all-time highs as investors shook off the Department of Justice opening a criminal investigation into Federal Reserve Chair Jerome Powell. The S&P 500 rose 0.16% to end at 6,977.27, while the Dow Jones Industrial Average ticked up 86.13 points, or 0.17%, and settled at 49,590.20. Both indexes touched fresh all-time intraday highs and closed at records. The Nasdaq Composite was up 0.26% and closed at 23,733.90. The major averages rebounded off their worst levels of the session, helped by gains in Walmart and some technology stocks. Trump announces new 25% tariffs on any country that does business with Iran SPI up 30 - Rudd resigns as US Ambassador. 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. | |||
| End of Day Report – Monday 12 January: ASX 200 jumps 42 points | Banks and gold miners | 12 janv. 2026 | 00:14:35 | |
ASX 200 kicked off the week with a 42-point rise to 8759 (0.5%) as banks pushed higher. CBA up 0.6% and the Big Bank Basket up to $269.67 (%). Some flight to safety as the US administration moves against Jerome Powell. Insurers slipped on recent weather events, QBE down 1.4% and IAG off 3.6%. REITs were mixed, GMG up 0.4% and VCX slipping 0.7%. Industrials firm, WOW up 0.8% and COL up 2.4% despite price gouging inquiries in the wind. WES rallied 1.4% and TLS up 0.4%. The tech sector was slightly firmer with TNE up 0.9% and the All-Tech Index rose 0.4%. In resources, the big three iron ore miners slipped with BHP down 2.5% and FMG off 1.4% on some downgrades and fears of another Anglo bid from BHP. Gold miners rallied hard as gold hit record highs, NEM up 5.8% and GMD up 2.6%. Lithium also firm, PLS continuing higher, and uranium stocks slightly better. Oil and gas majors better as crude rises. In corporate news, DMP rose 3.1% on a new Australian CEO, RPL rose 4.7% on a trading update. CUV also up 1.4% on a new preclinical study. SUL dropped 5.3% On the economic front, November household spending rose 1%. More than expected. Asian markets firmed, Japan closed for another holiday and US futures down on the Powell news. 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. | |||
| Pre-Market Report – Monday 12 January: US markets push ever higher | SPI up 29 | 11 janv. 2026 | 00:10:25 | |
US equities were higher in Friday trading as stocks ended just off best levels. S&P 500 set a fresh record close and Nasdaq a little over 1% off its record, as both indexes capped of third week higher in past four. Big tech all higher with TSLA the standout, while high beta, momentum, retail favorites among better performers. Outperformers included homebuilders (Trump policy proposals), nuclear (Meta agreements), solar, building products, home improvement, E&Cs, copper and aluminum, airlines, parcels and logistics, semicap equipment, and A&D. Laggards included China tech, software, networking/communications equipment, toys, credit cards, rails, entertainment, hospitals, and MCOs. Treasuries mixed with curve flattening; yields up 5 bp at front-end. Dollar index up 0.2%; yen in focus amid latest snap election rumors. Gold finished up 0.9%. back above $4,500/oz. Silver settled up 5.6%, capped off 11.7% weekly gain. Bitcoin futures down 0.5%. WTI crude was up 2.4%. SPI up 29 ALL has a win against LNW. 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. | |||
| Pre-Market Report – Wednesday 24 December: US markets hit records, SPI down 17 | MVF bid withdrawn | 23 déc. 2025 | 00:09:57 | |
Stocks rose for a fourth straight session on Tuesday, as artificial intelligence names continued to outperform during a holiday-shortened week. The S&P 500 added 0.46%, closing at a record level of 6,909.79. The broad market index is now just below its intraday all-time high of 6,920.34. The Nasdaq Composite climbed 0.57% to end at 23,561.84. Gains in tech giants Nvidia and Broadcom, which rose around 3% and more than 2%, respectively, lifted the index. The Dow Jones Industrial Average rose 79.73 points, or 0.16%, and settled at 48,442.41. SPI down 17 – Gold and Silver hit records – MVF bid withdrawn. 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. | |||
| End of Day Report – Tuesday 23 December: ASX 200 jumps 96 points to six week high | Banks shine | 23 déc. 2025 | 00:13:22 | |
The ASX 200 jumped 96 points to close at 8796 (1.1%) on a six-week high as Santa seems to have found his plug-in charger. Yesterday was all about the miners, today was all about the banks. CBA rose 2.2% with NAB up 0.9% and the Big Bank Basket back up to $280.18 (1.7%). RBA minutes suggested rate rises and an economy that is doing ok. Maybe too ok. Other financials also did well with MQG up 1.6% and insurers pushing ahead. QBE up 2.0% and SUN up 1.4%. REITs were stars with GMG running hot, up 8.3%, on a $14bn data centre deal, VCX rose 0.8%. Industrials were firm with WES up 1.5% and NCK still feeling loved up 2.8%. ALL rose 1.2% and TAH rallied 1.0% after Macquarie revealed a 5% stake. Tech stocks started to stir at last, WTC up 2.3% and 360 up a modest 2.2%. NXT rose 1.2% and ELS did well up 3.6%. Resources took a bit of a breather despite gold flying, BHP up 1.1% with FMG down 0.4% and the gold miners mixed. NEM up 1.2% and NST fell 0.6%. Lithium stocks remain in favour, LTR up 3.2%. Uranium stocks steady and oil and gas stocks positive, WDS up 1.2% and STO up 0.7% on higher crude prices. In corporate news, SWM unchanged as the merger with SXL was approved. CMM fell 1.8% after agreeing to acquire a project from Tempest Minerals. RHC was 2.9% better, on news to acquire National Capital Private Hospitals in Canberra. On the economic front, RBA Minutes out today. The board has less confidence in its previous assessment that monetary policy is restricting the economy, and that interest rate rises will be considered next year if higher inflation persists. Monthly inflation numbers remain volatile. Asian markets were firm. Japan up 0.3%, China up 0.3% and HK unchanged. US futures – DJ down 49 Nasdaq down 8 10-year yields eases to 4.76%. 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. | |||
| Pre-Market Report – Tuesday 23 December: US markets push higher in thin trade | SPI up 14 | 22 déc. 2025 | 00:13:07 | |
The S&P 500 rose on Monday, lifted by strength in artificial intelligence stocks, kicking off a shortened holiday week on a positive note. The index gained 0.64% to 6,878.49, marking its third straight day of gains. The Dow Jones added 0.47%, while the Nasdaq Composite climbed 0.52%. AI-linked stocks led the rally, with Nvidia up more than 1% on reports it plans to resume shipments of H200 chips to China by mid-February. Micron Technology jumped about 4% and Oracle rose more than 3%. The move follows a mixed week on Wall Street. A late surge in technology shares helped the S&P 500 and Nasdaq notch their third positive week in four, while the Dow — the month’s outperformer — snapped a three-week winning streak. SPI up 14 - Gold and silver hit new records. 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. | |||
| End of Day Report – Monday 22 December: ASX 200 up 79 to 8700 | Resources flying, banks drift higher | 22 déc. 2025 | 00:11:29 | |
The ASX 200 kicked off the short week in fine style up 79 points (0.9%) to 8699 as gold and copper headed for records in Asia. Resource stocks kicked again, BHP up 1.6% with FMG up 1.7%. Gold miners in demand, NST up 4.1% and NEM up 5.2%. BGL was the only loser in the gold sector. Lithium stocks also ran, MIN up 6.2% and LTR pushed 5.5% better as it starts underground mining. Rare earths also doing ok. MEI jumped 32.1% om environmental approvals, LYC up 2.4%. Even uranium stocks glowed today, PDN up 7.0%. Banks were better with CBA up 0.3% and ANZ up 0.7%. The Big Bank Basket up to $275.41 (+0.2%). Healthcare firmed, CSL up 0.7% and PME rallied 2.3%. REITs modestly higher. Industrials mixed, WTC fell 4.2%, XRO flat. REA and CAR slightly better, retail was boosted by NCK up 9.9% on a trading update. APE also rallied hard up 6.3%. In corporate news, DRO soared 7.9% on new director guidelines on shareholdings. IGO jumped 2.6% on commissioning a new chemical plant at Greenbushes. NXT soared 6.6% on further contract wins. Nothing on the economic dance card. Asian markets were firm. Japan's Nikkei up 1.9%, China up 0.8% and HK up 0.2%. US futures – DJ up 33 Nasdaq up 95 10-year yields steady at 4.80%. 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. | |||