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Daily Report

Tune in for a daily download from investing professionals ‘in the trenches’ who summarise key events each market day.

Daily Report

Property stocks now feel the heat (CIM, MQG, FLT)

The market hit again today despite the RBA’s decision to cut the cash rate by 25 basis points to a historic low of 0.25%, plus they announced arrange of other measures...
MQG
James Gerrish
Market Partners
Daily Report

The ‘go too’ stocks hit hardest today (CCP, APT, NSR)

After a day in the green yesterday where the index put on nearly ~6% we were back in sell mode today and aggressively so, the market giving back those gains and some...
APT
James Gerrish
Market Partners
Daily Report

It’s not all bad news (MTS)

Today was the 3rd aggressive buy day in the last 6 trading sessions and while the index is still down 8% in that time, it feels to me a meaningful low isn’t too far...
MTS
James Gerrish
Market Partners
Daily Report

Central banks spook markets, biggest fall since 87 (COH, SGR, CGF)

Friday a distant memory as selling resumed on the ASX today, the index suffering its worst decline since 1987 as central banks hit the panic button, cutting interest...
ANN
APA
BLD
+15
James Gerrish
Market Partners
Daily Report

I’ve never seen a close like it – ASX stages massive turnaround

A tough week ends on a more positive note with the market rallying hard from the morning lows today to end more than 4% higher. Some incredible turnarounds today,...
James Gerrish
Market Partners
Daily Report

Stimulus fails to ignite the market, trades to new lows

Policy response day as we suggested this morning failed to deliver even a whimper for the bulls, if indeed there are any left! The market opened down around -100pts...
James Gerrish
Market Partners
Daily Report

Biden firms as Democratic favourite, US Futures drag our market into the red (AMC, NCM)

US stocks traded higher overnight, the Dow Jones up by more than 1,000pts however that optimism failed to filter through locally today, the ASX officially hitting bear...
AMC
QAN
James Gerrish
Market Partners
Daily Report

Market stages impressive recovery (BHP, NWH)

The market staged a huge recovery today, aggressive across the board especially from the morning lows where stocks turned up and went on with it. What a difference a...
BHP
NWH
James Gerrish
Market Partners
Daily Report

2nd worst day in 27 years, ASX falls ~7%

A savage sell-off hit stocks today with the ASX recording its 2nd biggest sell-off in the last 27 years, only one session during the GFC was worse being the 10th...
James Gerrish
Market Partners
Daily Report

Stocks catching our eye into weakness… (EHL, BIN, CBA)

Down again today ending near the session lows despite the US futures trading higher throughout our time zone. Asian markets were also higher today benefitting from a...
James Gerrish
Market Partners
Daily Report

RBA cuts rates, banks drag market off early highs

With the US market up ~5% overnight it’s safe to say a better effort from the Australian market was expected today, however a 25bp cut from the RBA and subsequent...
James Gerrish
Market Partners
Daily Report

Japan adds liquidity, market stages turnaround from lows

Volatility continued first up this morning with the weekend’s news flow hitting our market on open. We were pricing in a decline of 60pts based on Fridays trade in the...
James Gerrish
Market Partners
Daily Report

What a week…markets cave in ~10%

Wow, what a week, it started on the back foot on Monday morning as the market came under significant pressure with the spread of the coronavirus outside of China, a...
James Gerrish
Market Partners
Daily Report

Stocks down but not out (APX, TWE)

Another decent sell-off in stocks today, although the overnight lead was worse that we experienced by the close. The ASX opened firmly on the backfoot following a big...
APX
James Gerrish
Market Partners
Daily Report

ASX hit on virus, drops below 7000 (RWC, GEM, NHF)

The market was hit today, and hit fairly hard being the first major market to soak up the coronavirus news over the weekend. The Aussie market is often used as a place...
GEM
NHF
James Gerrish
Market Partners
Daily Report

Stocks edge lower into the weekend, special guest on this afternoon recording (MLD)

A solid week of reporting this week and overall, it’s been a reasonable one. A number of our holdings have updated the market and at this stage we’re reasonably happy,...
MLD
James Gerrish
Market Partners
Daily Report

Unemployment ticks up, Perpetual rewards patience! (BIN, PPT, ILU)

The market traded up to our ~7200 target this morning on February index option expiry, we often see a squeeze into expiry which corresponds with a short term top in...
PPT
James Gerrish
Market Partners
Daily Report

CBA’s dividend can’t stop a new high (WTC, WES, VOC, CWN)

A reasonable day for the index today despite the heavyweight CBA going ex-div for $2. The biggest bank took 14pts off today but was little resistance to the broader...
WES
+1
James Gerrish
Market Partners
Daily Report

Altium weighs on IT as reporting kicks up a gear (SGM, EHL, BHP, COH, ALU, WSA, OZL, COL, ABP)

Local reporting dominated the session today broken up by sporadic updates on the virus situation…reporting a mixed bag while the coronavirus continues to escalate - I...
BHP
+6
James Gerrish
Market Partners
Daily Report

Bendigo Bank launches $300m cap raise (ALU, QBE, BEN)

A fairly quiet start to the week given the US is on holidays tonight, the ASX closing little changed after 4 straight sessions of gains. A number of stocks reported...
James Gerrish
Market Partners
Daily Report

Banks generate lion’s share of ASX gains

A more bullish session than we thought today thanks largely to continued buying amongst the banking stocks. This week saw both CBA and NAB report stronger margins...
+1
James Gerrish
Market Partners
Daily Report

Has the ASX peaked? (NAB, NCM, WPL, S32, MFG, BRG, AMP)

A weak session today even though the market finished little changed. Early optimism (SPI +50pts early on) seemed to stem from another bid for Caltex (CTX) and traders...
S32
+1
James Gerrish
Market Partners
Daily Report

Asian markets lead the region higher (CAR, IEL, BKL)

The local market outperformed overnight leads today with the bulk of the work being done by the banks piggybacking off a good result from Commonwealth Bank (CBA). The...
BKL
CAR
IEL
James Gerrish
Market Partners
Daily Report

And the market charges on – ASX up +42pts (CGF, SUN, BPT, MQG)

Back in the winner’s circle today with the market charging higher again, the index trading well up through 7000 on good momentum across the market today. The IT stocks...
BPT
CGF
MQG
+1
James Gerrish
Market Partners
Daily Report

Reporting season kicks into gear (PPS, JBH, BLD)

A weaker session locally today although the market did edge up from the session lows which were set around midday. Stocks were initially sold off with the index...
BLD
JBH
PPS
James Gerrish
Market Partners
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