Latest
Calm descents on bond markets, but tariff war will push yields higher
Bond yields dropped after Trump stunned the market by pausing most of his reciprocal tariffs, but analysts warn that US Treasuries face higher borrowing costs still.
ASX adds $100b in best day since 2020; CBA up 3pc
Shares up 4.5pc after S&P500 jumps by most since 2008; US futures dip; miners, banks soar; Deutsche tips 25bps May rate cut; oil reverses course, $A tops US61¢.
Hedge fund manager John Hempton’s shorts pay off after horror months
Bronte Capital’s latest quarterly performance has delivered some reprieve for investors after Hempton put his struggling short-selling strategy under review late last year.
Traders brace for months of pain despite $100 billion relief rally
Oaktree’s Howard Marks said it was impossible to know where the Trump administration would take its tariff plans, even as their delay sent the ASX 200 soaring.
Why this fundie has doubled down on Pro Medicus
Naos Asset Management’s Robert Miller says the ASX listed medical imaging company is well worth its $204 price tag and talks volatility over the past few days.
ASX gains $112b; Why Trump backed down; Did he manipulate market?
Read everything that’s happened in the news so far today.
Opinion & Analysis
‘It’s tell your grandchildren I was there’ day as $1.3trn trade unwinds
We might be able to suck up a cratering sharemarket as part of shake-out of financial excess. But the excesses in the bond market may be even more painful.
Senior reporter
Need market guidance? The pithy stockpicker newsletter is in vogue
From traders to tweeters to all manner of pundits, investors are spoiled for choice by a deluge of information about how to trade the Trump tariff mayhem.
Senior reporter
How Europe deals with Trump tariffs will be the market’s next test
The White House’s ‘liberation day’ is turning into a week of value destruction – and all eyes are on Europe as it draws up a hit list of US products to levy.
Associate editor
Where’s the circuit breaker? Traders stare into abyss
It will require a lot of hope and optimism to go against a tide of panic and fear. Especially when the market feels the White House is content to let it burn.
Senior reporter
Meet the Fundie
This former short seller backs some of the ASX’s most unloved stocks
Northcape Capital’s Paul Parsons is weighing his options amid James Hardie’s slide, but he’s holding firm on others that may be out of favour with the market.
This fundie shorted WiseTech and Tesla while loading up on war stocks
Betting against Richard White and Elon Musk while going long on defence companies are among this year’s hottest trades. Minotaur’s Tom Rice did it all.
Here are four ASX stocks that are tipped to go on a tear
Deana Mitchell at Australian Ethical is not worried about US President Donald Trump’s frantic policies and is instead busily deploying cash into the market.
Yesterday
Five circuit breaks that can stop the market turmoil
Trade negotiations, central bank action and government stimulus are among the options being discussed by economists and strategists that would restore calm to financial markets.
This Month
Bond rout shakes investors as world’s safe haven loses its appeal
The turmoil in US government bonds overshadowed deep losses on the sharemarket, as traders were left wondering if this was “the end of exorbitant privilege”.
Revealed: RBA’s scathing warning it has ‘lost confidence’ in ASX
In a strongly worded missive sent to the exchange’s chief executive Helen Lofthouse weeks before an outage, the central bank warned of entrenched problems.
$A tipped to keep tumbling as superpowers ‘collide’
The Australian dollar hit a fresh five-year low below US60¢ and traders ramped up bets the RBA will slash the cash rate next month as fears of a global recession grow.
‘Huge’ profit downgrade cycle bears down on Wall Street
Analysts have barely budged their earnings forecasts for the world’s most important sharemarket despite recession alarms blaring, leaving equities vulnerable to a big reality check.
ASX wipes over $40b, bonds dive after US imposes jumbo China tariff
Shares drop 1.8pc at the closing bell after US imposes 104pc China tariff; Treasuries sell-off; RBNZ cuts rates by 25bps; oil, iron ore sink; Regal’s $540m Opthea blow.
ASX wipes $32b; Tariffs to hit pharma; $1.3trn trade unwinds
Read everything that’s happened in the news so far today.
‘It’s tell your grandchildren I was there’ day as $1.3trn trade unwinds
We might be able to suck up a cratering sharemarket as part of shake-out of financial excess. But the excesses in the bond market may be even more painful.
Three fundies, three very different ways to play the sharemarket
From Regal’s Phil King, who says stocks are nearing their bottom, to Airlie’s Emma Fisher, buying US-exposed equities, here are what top investors are doing.
Need market guidance? The pithy stockpicker newsletter is in vogue
From traders to tweeters to all manner of pundits, investors are spoiled for choice by a deluge of information about how to trade the Trump tariff mayhem.
The four tiers of fear for investors in a market meltdown
From a “garden-variety pullback” to “major crisis”, analysts at RBC Capital Markets are war-gaming where the Trump tariff volatility could take Wall Street.
ASX up 2.3pc in largest gain since 2022; WiseTech rallies
Sharemarket rebounds as buyers step in; tech, energy rally; Pro Medicus upgraded; Deutsche tips 50bps May cut; Star’s rescue deal; $A holds near US60¢.
Advice for commodities investors? Sell, sell, then keep selling
Major Wall Street brokers are telling clients to resist the temptation to buy into metals and oil as prices fall, warning economic disruption is not over.
ASX rebounds 1.2pc; China ‘tsunami coming’; How low can markets go?
Read everything that’s happened in the news so far today.
Market rout hits $97b and investors fear there are billions more to go
Brokers and fund managers said the Trump administration’s tariffs were threatening to turn into a full-blown economic crisis as global markets plunged.
Rinehart down $280m (and counting) in Trump market rout
Australia’s richest person made a massive $2 billion bet on the US stock market last year.
Small-cap fundies seek shelter in gold and war stocks
Fund managers have been piling into defence-related companies amid the escalating trade war. They also still like the gold trade.
ASX records largest loss since 2020 amid global tariff turmoil
Investors wipe $97b from ASX, $A slumps; CBA down 5pc; no hit from tariffs,Telix says; China stocks slump; bitcoin below $US77,000; brent at four-year low.
Traders eye up to five RBA rate cuts amid market turmoil
The Aussie tumbled below US60¢, its lowest level since early in the COVID-19 pandemic, as the bond market ramped up expectations of bigger interest rate moves.
How Europe deals with Trump tariffs will be the market’s next test
The White House’s ‘liberation day’ is turning into a week of value destruction – and all eyes are on Europe as it draws up a hit list of US products to levy.
