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Wall Street lost ground for a second straight day as investors took a breather, with chipmakers falling on a weak outlook from Micron Technology. Elsewhere, selling continued in AI names, including Nvidia and Oracle. In commodities, copper rallied to a 15-month high after Freeport declared force majeure, while oil surged 3% to a seven-week peak on a sharp draw in U.S. stockpiles. Back home, Aussie shares are expected to fall on Thursday amid renewed inflation concerns. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The ASX200 suffered its worst day in three weeks, falling 1% as August inflation came in hotter than expected at 3% annually. Higher electricity bills drove the headline figure, though underlying inflation eased to 2.6%. Banks led declines with Westpac down 3.5% amid job cuts news, while DroneShield continued its stellar run. Energy stocks bucked the trend on stronger oil prices. Tomorrow brings massive dividend payments from BHP, Rio Tinto and Telstra. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Wall Street hit pause after a record-breaking run, with tech stocks under pressure as Fed Chair Jerome Powell gave no hint on future rate moves. Nvidia slipped following news of OpenAI’s $100 billion deal, while U.S. Treasuries declined for a fourth straight day on cautious Fed commentary. In commodities, oil rose $1 a barrel as the restart of Kurdish exports stalled, while gold surged to a new record high on safe-haven demand. Back home, Aussie shares are expected to snap a three-day winning streak ahead of key inflation data. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Steve welcomes listeners to a Tuesday lift, as the ASX200 gains about 0.4 %. Mining and banks lead gains, while tech lags and consumer staples lose. The market feels the drag of a 25 % drop in Myer shares after a 30 % plunge in profits, plus a 5 % dip in Regis amid aged‑care fund fears. Tomorrow’s focus: August CPI data, US manufacturing figures, and dividends from Woodside Energy and Suncorp. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Technology stocks led Wall Street to fresh record highs on expectations of two more rate cuts from the Fed this year. Nvidia also hit a record after unveiling a $100 billion investment in OpenAI, while Teradyne surged on broker upgrades and Apple gained on a product boost. In contrast, Tylenol’s maker, Kenvue, slumped on reports linking the drug to autism. Elsewhere, European markets were mixed, with automakers under pressure following a profit downgrade at Porsche. Back home, Aussie shares are set to open higher on Tuesday, with gold miners in focus following new record highs for the metal. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The ASX200 rose 0.4% on Monday, marking a second straight gain, though momentum faded through the afternoon. Mining stocks led the advance, with iron ore and gold miners posting strong rallies, while Reece Limited jumped on a $250m buyback and Viva Energy Group Ltd sank on leadership changes. Investors now turn to key inflation data in Australia and the US plus a heavy week of dividend payouts worth $15bn. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Wall Street sailed to fresh record highs, lifted by the prospect of more rate cuts. Technology stocks led the charge as Oracle rose 4% while FedEx gained on stronger-than-expected earnings. In commodities, oil prices slipped on supply concerns while gold and iron ore advanced. Back home, the ASX is set to open higher, with attention turning to RBA governor Michelle Bullock as she fronts a government panel. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The ASX200 lifted modestly on Friday but not enough to prevent a third straight weekly loss, with the index slipping about 1% across five sessions. Despite US markets hitting fresh record highs after the Fed’s first rate cut of the year, local gains faded late in the week. Healthcare and financials led Friday’s improvements while energy and materials lagged, and standout movers included Telix Pharmaceuticals on the upside and Santos on the downside after its $30 billion takeover bid collapsed. Looking ahead, investors will focus on next week’s Australian inflation update and a wave of nearly $15 billion in dividends from major companies. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omn

Wall Street indexes notched record highs, led by Intel’s surge on news of a stake in Nvidia. The Russell 2000 small-cap index also climbed to its first record since November 2021, while CrowdStrike jumped 12% on upbeat long-term guidance. US jobless claims fell by the most in four years, adding to optimism. Meanwhile, the Bank of England held rates steady. Back home, Aussie shares are set to rebound from two-week lows, while the US dollar firmed as the Fed’s rate cuts failed to meet dovish expectations. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Australian shares extended losses on Thursday, with the ASX200 down 0.8%. Energy stocks were the hardest hit after Santos tumbled nearly 12% on news a $30 billion takeover bid collapsed. CSL slipped below $200 for the first time since 2019, while Origin Energy and CBA also weighed on the market. In contrast, Nuix surged on a major contract win and uranium miners bounced back. Meanwhile, a weaker-than-expected jobs report adds weight to the case for an RBA cut later this year. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Wall Street ended mixed in choppy trade after the Federal Reserve cut rates and signalled a cautious path for further easing. Fed Chair Jerome Powell cited labour market weakness as a key factor in the decision. Bond yields rose following the Fed move and Powell’s comments, while oil prices eased on U.S. demand concerns. Back home, SPI futures indicate an early loss for the ASX 200, with Aussie shares expected to decline ahead of key jobs data. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The Aussie market stumbled to its weakest performance in a fortnight, with the ASX200 closing firmly lower and now sitting about 3% shy of record highs. Losses across miners, financials and consumer stocks outweighed gains for energy shares, helped by a stronger oil price, and Whitehaven Coal, which jumped more than 5%. DroneShield also climbed after securing fresh US defence contracts, while New Hope and gold miners lagged. Attention now shifts to the Federal Reserve’s widely expected rate cut, the tone of Jerome Powell’s comments, and tomorrow’s Australian jobs data. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Wall Street pulled back slightly, with the S&P 500 easing from record highs as traders look ahead to the Federal Reserve’s rate decision. Fresh data showed U.S. retail sales rose strongly in August, underscoring resilience in consumer spending. In company news, Microsoft unveiled a $30 billion investment in UK AI infrastructure, while Google’s Gemini app climbed to the top of Apple’s store rankings. In commodities, oil gained more than 1% following drone attacks in Ukraine, and gold surged to fresh record highs. Back home, Aussie shares are expected to open lower on Wednesday as investors await the Fed’s move. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listen

Australian shares recovered modestly on Tuesday, with the ASX200 up about 0.25% as strength in energy, uranium and gold miners outweighed declines in Qantas, CSL and Super Retail Group. Commodity prices supported the resource sector, with gold hitting fresh record highs and oil rising on supply concerns. Investors remain cautious as they look ahead to a likely US rate cut later this week, as well as local jobs data, and Reserve Bank commentary. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Wall Street has started the week on the front foot, as Elon Musk’s $1 billion purchase of Tesla shares sent the stock sharply higher. The S&P 500 hit an intraday record as bond yields eased ahead of the Federal Reserve’s policy decision. Globally, the U.S. and China reached a consensus on TikTok, while Beijing moved to target Nvidia under anti-monopoly laws. Meanwhile, President Trump also renewed calls to scrap quarterly earnings reports. Back home, Aussie shares are expected to rise on Tuesday, recovering from a slow start to the week. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The ASX200 started the week slightly lower, easing less than 0.2% despite soft Chinese economic data and a mixed US lead. Lithium and uranium miners topped the winners list after last week’s heavy losses, while gold stocks retreated following a strong six-week run. AMP and WiseTech also featured among notable movers. Looking ahead, investors will focus on local jobs data, ex-dividends, and a busy week of global central bank meetings, including a widely expected US rate cut. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Wall Street posted weekly gains, thanks to some resilience from the Nasdaq, though U.S. equities lost ground in the final hours of trade as investors looked ahead to this week’s Federal Reserve decision. U.S. interest rates retreated from five-month lows, while European markets saw mixed moves after a French credit downgrade kept rates in focus. Back home, futures point to a weaker open for the ASX 200 on Monday, with the Aussie dollar holding above 66 U.S. cents. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Aussie stocks have posted their best lift today since last Thursday, as Steve recounts the session that saw the ASX making up for the modest moves lower of recent days.  The strength of the US market had a part to play in this following their unemployment data, locally energy stocks continued to decline, and financials saw gains.  Ex-dividend trading continued for a number of stocks, gold miners saw more significant improvements, and Virgin Australia caught attention.  Steve looks to the week ahead with jobs growth data something that investors should be watching, and around $2.5 billion in dividends set to be paid to investors. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/

Wall Street surged to fresh record highs as investors bet a Federal Reserve rate cut is all but certain. US core CPI rose in line with expectations, keeping the Fed on track to ease policy, while a spike in jobless claims in Texas pointed to ongoing labour market weakness. In company news, Paramount and Skydance are preparing a bid for Warner Bros Discovery. Elsewhere, the European Central Bank left interest rates unchanged. In commodities, oil prices fell 2% due to concerns about oversupply, while iron ore prices declined amid elevated Chinese steel inventories. Back home, Aussie shares are expected to finish the week on a positive note. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/liste

The Aussie market has slid for a third time this week.  Steve discusses this session which reversed the small gains of Wednesday and discusses the catalysts likely to spark a US rate cut.  Locally healthcare and banking seen declines, and gold miners continued to gain attention with the precious metal on a tear.  PolyNovo has bounced back from the recent declines, defence contracts saw some well-known names grow, and a lot of ex-dividend stocks saw declines. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.