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ASX closed up 2 points or 0.02% on Friday. 7 of 11 sectors higher. Materials sank 3.85% as gold, copper, silver and lithium prices fell after the overnight Wall Street tech sell-off. BHP closed down 3.6%, FMG down 2.1%, PLS down 8.1%. Discretionary and financials performed best, up 2.57% and 2.21%, as investors found defensive ground and retail bargains. The Big Four closed up between 0.9% and 4.3%, with CBA best. WES up 3.8%, NCK bounced 5.2% after falling 15.3% yesterday. Gold miners struggled as the bullion fell. EVN down 4.5%, NST down 2.5%, GMD down 7.8%. MIN fell 4.3% despite strong lithium sales. Tech fell 0.92% as Meta’s $US825bn capex plan reignited doubts over AI capex spending, with NXT down 3.0% [?], 11.5% for the week. Healthcare held up, RMD up 3.2%, COH up 4.4%. Energy trod water, down 0.40%, even as oil rose overnight on Houthi drone strikes on Saudi energy infrastructure. ZIP sank 29.5% after US fraudsters targeted the buy now, pay later lender, which raised questions over its risk controls. TPW flew 33.4%. NEM fell 4.9% despite reporting a 35% rise in quarterly profit on the high gold prices and a copper recovery at Cadia. RIO fell 2.7% after committing $1.9bn to its Kangwinan bauxite project in Queensland, which adds 20m tonnes of yearly capacity to its Weipa operations. Kospi down 0.73%, Hang Seng up 0.72%, TOPIX down 1.31%, SSE down 1.86%, Taiex flat. US futures: Dow down 0.29%, S&P 500 down 0.14%, Nasdaq flat. AUD 70.10c. AU 2-year yield down 6.0bp to 4.89%, 10-year down 8.7bp to 5.16%. Money markets priced a two in three chance of an RBA hike on Cup Day. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

US stock indices closed lower on Thursday amid a sell-off in technology stocks. The S&P 500 fell 1.2%, and the Nasdaq lost 2.9%, while the Dow closed flat. Tech stocks were under pressure as corporate earnings failed to impress, renewing concerns over the AI trade, while the rotation away from semiconductor stocks continued. Meta sank 7% despite reporting higher earnings and revenue, as its credit risk reached a record high. Meta plans to ramp up capital spending reignited fears that tech firms will take on more debt to finance AI infrastructure. Other hyperscalers also declined, with Alphabet (-3.2%), Microsoft (-2.2%) and Amazon (-4.6%) falling ahead of their earnings reports next week. Tesla dropped 3.1% after scaling back its spending plans, with capital investment in the previous quarter coming in below expectations. Lam Research tumbled 11.8% after issuing a disappointing outlook. Among chipmakers, Nvidia lost 4.4%, Micron shed 6.3%, AMD plunged 8.1%, and Intel fell 8%. Oil rises - Gold drops - Yields fall - SPI down 20 - TPW and MIN early. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 closed down 38 points at 8793, well off the lows, as the banks continued to offer stability, whilst mining stocks were generally easier, with comments from FMG on Chinese iron ore negotiations hurting the big boys and falling 4.5%. BHP lost 2.4%. Gold miners were also slipping after a slightly positive start, but bullion prices eased in Asia. The oil and gas sector was also easier, with WDS down 3.5% and STO down 1.3%. The banks held steady, with ANZ up 1.2% and the Big Bank Basket up to $272.55. MQG eased back, whereas the insurers pushed ahead slightly, with QBE up 1.4% and SUN up 2.5%. REITs were also better today, led by GMG up 1.2% and VCX up 0.9%. It was the industrials' chance to shine today, with a positive update from BXB rising 3.2%, QAN rising 1.2%, and SGH rising 1.9%. TLS also had a good day today, along with REA in the corner, up 1.9%. Technology stocks were somewhat mixed, and we saw a bounce back in NXT today, rising X% after the drubbing yesterday on that significant earnings downgrade. WTC continued its rally up 3.1%. Those XRO slipped away again. CDA saw some profit-taking down 8.1%. A solid rally, too, in MAQ and MP1, helping the sector, with the All-Tech index rising 0.9%. In Corporate news today, NCK was down 15.3% following an earnings downgrade at the AGM. CSL will defend its class action over its earnings forecast disclosure. STO trimmed its output guidance on Alaskan oil delays. FPH was also hit with a cyberattack, whilst BXB said guidance remains intact despite repair costs. MFG also under pressure after AGM.  Nothing substantial locally in economic news. Asian markets dropped, Japan down 2%, HK down 2.9% and China off 1.3% again. US futures falling DJ down 0.4% Nasdaq down 1.4% 10-year yields relatively stable at 5.25%. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The Nasdaq Composite added 1.05% to end at 26,702.86, and the S&P 500 rose 0.58% to 7,757.17. The Dow Jones Industrial Average climbed 360.21 points, or 0.69%, to close at 52,856.09. Shares of Elon Musk’s SpaceX surged 7% after the company said its revenue grew 161% in the third quarter. Musk also said that SpaceX and Tesla, his auto manufacturer, have formed special committees to discuss a merger. Tesla, which is due to report earnings later, saw shares rise more than 3%. US mortgage rates fall for 1st time in 11 weeks.  SPI up 5 - Tesla and Meta beat expectations after hours. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

A big hit for Nextdc today, down more than 40% after a power delay at its Melbourne data centre slashed its earnings guidance. The ASX 200 still edged higher as the banks bounced. The RBA’s Hauser warned inflation is running well above forecast, and markets now see a November rate hike as more likely than not. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

ASX set to fall. SPI futures down 77 points or 0.87%. Wall St mostly higher as the AI trade bounced. The Dow fell 0.07%, the S&P 500 up 0.41% and the Nasdaq rose 1.11%.  Stocks ended off the best levels. Breadth was negative, with the equal-weight S&P 500 lagging by ~70bp. Discretionary (up 2.73%) and Technology (up 1.19%) were the only sectors to outperform. Utilities (down 1.97%), Real Estate (down 1.17%) and Financials (down 0.79%) were the worst. The VIX fell 7.75%. Treasuries were weaker, near the worst levels, with a big move at the short end. The 2-year rose 7.0bp to 4.78%, the 10-year 7.1bp to 5.15% and the 30-year 5.4bp to 5.48%.  The Australian 10-year rose 4.3bp to 5.29% and the Australian 2-year 3.4bp to 4.93%. The Technology rebound sapped haven demand and traders rebuilt bets on Fed hikes next year, still pricing a December hike. China cut its Treasury holdings to an 18-year low in August. The Fed is in blackout ahead of the 28 October FOMC.  Wells Fargo called it "one of the weakest starts to EPS season in history". In Europe, markets were sold off - the STOXX 600 fell 0.80%, the FTSE 100 down 1.08%, the DAX down 1.18% and the CAC off 1.11%. French banks and bonds led the losses after a weekend of violent civil unrest, with the French 10-year up 14bp. UK banks fell on budget tax fears. The Euro 10-year rose 3.8bp to 3.47% and the UK 10-year 6.1bp to 5.44%. The US dollar index rose 0.20% to 101.99. The AUD rose 0.47% to 69.77c. Bitcoin rose 0.39% to $82,000. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 continued its run higher, up another 39 points to 8846, although slightly off the top. The news was dominated by M&A announcements in CWY, CGF, FPR, amongst others. The banks once again proving resilient, with CBA up 0.7% and the big bank basket rising to $269.99 (0.8%). MQG eased back slightly, but insurers were better, and other financials took their cue from a bid for CGF from Japanese insurer TAL. It rose 19.3%.  AMP up 3.8%. REITs were somewhat mixed, with GMG down 0.4% and CHC rising 4.5%. Industrials, too, were mixed, with some losses in healthcare stocks like RHC down X% and RMD down 0.8%. BXB rose slightly, and retail flatlined today. Technology stocks came under pressure again, with XRO down 2.4% and MP1 also falling hard again. The All-Tech Index fell 0.8%. Meanwhile, resources were mixed, with the iron ore miners firming as BHP rose 0.7%, and oil and gas stocks were also better as the Brent crude price hovered around $110. WDS up 2.7%. There was also action in the coal sector. NHC announced a scrip bid for a privately listed coal company. Gold miners eased back slightly, as did lithium stocks again, but LYC made some gains today. In corporate news, NXT is in a trading halt as issues surrounding power supply to a Melbourne data centre come to the fore. ALD fell 2.5% despite reporting a doubling of its refining margin. M&A activity in CWY, CGF, and INA. MSB fell hard after missing forecasts for Ryonsil sales, and BEN fell 4.0% after higher cash earnings but lower margins saw sellers return. In economic news, the Chinese economy grew 4.5% in September. The RBA's Chris Kent spoke at a conference, saying monetary policy is still working. Asian markets mixed with the Nikkei down 0.9%, HK up 0.5% and China unchanged. Korea under pressure again. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

US stock indices closed lower on Friday as the selloff in chipmakers extended into an eighth consecutive session, marking the sector’s longest losing streak since the 2008 financial crisis. The S&P 500 fell 1.1%, the Dow shed 175 points, and the Nasdaq dropped 2.5%. CoreWeave plunged 11.9%, extending its weekly losses to 23.7% and highlighting renewed credit concerns surrounding AI infrastructure companies. The sector has come under pressure following relatively modest revenue figures from Anthropic and growing concerns about higher interest rates for heavily indebted companies. Economic data released last week showed accelerating consumer inflation and surging producer prices, both at the headline and core levels. Nvidia lost 1.4%, Micron fell 5.6%, and AMD dropped 5.9%. Meanwhile, Tesla declined 2.1% and SpaceX fell 1.7% amid speculation about a potential merger between the companies. For the week, the S&P 500 shed 2%, the Nasdaq lost 5% and the Dow added 156 points. SPI down 11 - CWY and FPR in focus - CGF gets a bid too. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 jumped 87 points to close at 8,807, up around 90 points for the week, on better U.S. markets and comments from the Federal Reserve chief, Kevin Warsh, in Bangkok. Banks saw profit-taking today, with CBA down 1.1% and NAB down 1.0%, with the Big Bank Basket slipping 1%. Elsewhere in financials, though, MQG rose 1.1%, and financial stocks rose, with the ASX up 0.7% and PNI up 5.6%. REITs were a little weaker today, with SCG down 0.9% and VCX down 0.8%. Healthcare was once again a standout sector, with CSL up 2.8%, PME up 7.4%, and also RMD doing well.  Industrials were back in favour, with the tech sector leading the charge, as WTC rose 9.0%, TNE rose 4.2%, and even NXT had a good day, up 3.6%. The All - Tech index rose 4.4%. Retail stocks also did well after the jobs number yesterday helped the bond market, with WES up 1.0%, JBH up 1.3%, and PMV up 1.6%. In the resource sector, we had a good bounce back, with BHP up 3.5%, RIO up 1.5%, and the gold miners also showing good gains, with NST up 3.3% and GMD up 4.9%. Rare earths and lithium stocks remained on the sidelines, although we did see some small gains. After a torrid week, buyers were back covering shorts in PDN and DYL, with oil and gas stocks easing slightly. In corporate news, MGH rallied 14.8% after an update from the company, while CWY fell 6.1% ahead of Monday's deadline on the takeover approach. MSB rose 2.6% despite a 44% increase in net revenue. New listing OWL fell 12.5% after an $8m raise. MYX rose 1.2% after reaching a patent settlement. Nothing locally on the economic front, with all eyes on Kevin Warsh in Bangkok. 10-year yields ease to 5.21%. US Futures – Dow up 40 Nasdaq up 44  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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 recovered to close down just 8 points at 8,720 after hitting a low this morning of 8,641 on a pullback in AI and risk across the board. The catalyst for the turnaround was the banks, which had a very strong day, with CBA up 3.3%, WBC up 2.9%, and good results from BOQ helping sentiment. The Big Bank Basket rallied 3%. The jobs data came in at a headline rate of 4.7%, which may give the RBA an excuse to pause for the time being. Insurers, too, rallied, with QBE up 2.7% and SUN up 2.2%, although we did see financials generally weaker and MQG slipping 1.3%. Industrials, and interest-rate-sensitive stocks had a good day, with TCL up 1.9%, QAN rallying 1.1%, and TLS up 1.9% on the back of defensive buying. Both WOW and COL also had good days on defensive qualities. Tech stocks, though, slipped again, with XRO down 3.0%, and TNE down 1.9%, with MP1 crashing another 10.1%, along with other data centre companies like NXT, off 7.4%. Healthcare stocks were mixed, with CSL pushing another 1.3% higher, but PME slipping today. Resources were where the damage was done, together with the data centres. BHP fell 4.7%, with RIO also down heavily. Once again, we saw lithium and rare earth stocks under serious pressure, with PLS down 6.3%, LYC down 6.6%, and MIN down 4.9%. Gold miners slipped slightly on lower bullion prices as fears of further rate rises in the U.S. hurt sentiment. A slowdown in the rollout of the data centres in the U.S. continues to hurt the uranium sector, with PDN down 5.1% and DYL down 5.8%. Coal stocks are joining in the weakness today, with WHC falling 4.5%. In corporate news, the rot continues at MGH, down 11.0%, as its founder pulled out of a conference. We also saw numbers today from BOQ which were slightly better than anticipated, and an update from TWE also helped them rise 4.6%. In takeover news today, TPG (PE Group) surprised the market by taking a 14.9% stake in EQT. INA also had a tough day after Warburg Pincus gave the company a Monday deadline on its acquisition proposal. It dropped 11.6%. On the economic front, unemployment fell to 4.7%, worse than expected by economists, with employment falling by nearly 40,000 against a consensus of 20,000 jobs created. 10-year yields ease to 5.21%. US Futures – Dow down 6, Nasdaq down 242. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The S&P 500 pulled back on Wednesday, pressured by losses in the artificial intelligence trade, as investors reacted to hotter-than-expected September consumer inflation data. The broad market index fell 1.11% to end at 7,718.94, while the Nasdaq Composite shed 1.88% to close at 26,692.87. The Dow Jones Industrial Average declined 48.62 points, or 0.09%, to 51,621.48. Gains in key healthcare stocks such as UnitedHealth and Amgen kept the 30-stock index’s losses in check. The consumer price index rose 0.6% in September month over month, with its year-over-year gain coming in at 3.7%. While the former was in line with expectations, the latter was hotter than expected, as economists polled by Dow Jones had anticipated a 3.6% advance on the year. Excluding food and energy prices, core CPI posted a monthly and yearly advance of 0.3% and 2.6%, respectively. Both were also slightly higher than the increase of 0.2% and 2.5% that economists had expected. SPI down 18 - Gold eases - BOQ results - TWE update 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

The ASX 200 finished the day down 56 points to 8,728, or 0.6% lower, off its lows for the day, but weighed down by the banking sector taking its cue from the U.S. bank results last night. The Big Bank Basket fell to $262.71, with CBA down 2.2% after its AGM and WBC down 1.3%. Financials generally were weaker, with MQG down 0.8%, and the insurers slipping away slightly too. QBE dropped 1.7%, and IAG was also falling a similar amount. The REITs were mixed, with GMG up 3.6%, although others slipped. VCX was down 0.4%, and GPT was down 0.9%. Industrials, too, were a little weaker, with CPU down 0.6%, QAN falling on higher oil prices, and the healthcare sector relatively unchanged. Retail stocks were patchy, with WES up 0.6%, JBH up 0.6%, but APE dropped 2.0%. Tech stocks rallied after a weaker start, with WTC finishing up 1.3% and TNE up 1.9%. NXT had a better day today, but the rot continued in MP1, off 1.9%.  Resources were once again on the nose, with BHP down 0.7% and RIO falling after its quarterly production update. Gold miners, too, eased off slightly, with EVN down 3.2% and NEM down 2.0%. Finally, we saw some bargain hunting appear in the lithium stocks, with PLS up 2.9% and MIN up 1.8%. The oil and gas space was better, with WDS and STO both putting on over 1%. Uranium stocks fell, led by PDN, with a disappointing quarterly production update. In corporate news today, GLC made its debut on the ASX, trading much in line with its London listing. We also saw the GYG chairman, Guy Russo, selling 1.4 million shares, and the CBA AGM leading to some cost increases through pay negotiations. On the economic front, nothing locally, but China reported a jump in September producer inflation on the crisis in Iran. 10-year yields ease to 5.31%. US Futures showing solid gains. 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 http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.