Trending On Livewire: Weekend Edition - Saturday 26th July

After a record-breaking week last week, the ASX 200 took a breather this week with the index down around 1%. Nothing to panic about but there are some interesting dynamics taking place.

We’ve seen money rotate out of CBA and the banks, into miners. In the US, companies that miss earnings are getting punished more severely than at any time since 2022 – perhaps a sign of what’s to come during the upcoming local reporting season.

Of course, both dynamics could mean little in the grand scheme of things, but they could also be symptoms of a skittish market that knows it has run too hard and simply won’t be able to justify some of the nosebleed valuations we’re seeing.

Time will tell, as always, but there’s no better time for market participants than during and just after earnings season. It’s the period where we have the most up-to-date information possible, and the clearest insights into the health – or otherwise - of the companies in our portfolios, and corporate Australia more broadly.

With the season kicking off next week and building steadily over August, we will be bringing you extensive coverage, including earnings analysis with prominent fund managers, C-Suite interviews, and news coverage via Market Index.

We look forward to bringing it to you. Have a great weekend.

Chris Conway, Managing Editor, Livewire Markets

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