Market Updates

Marcus Today – Daily Market Insights
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MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
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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
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Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

ASX set to rise. SPI futures up 12 points or 0.13%.
Technology stocks rallied as Nvidia's revenue outlook revived confidence in the AI trade. The chipmaker jumped 8.7%, its best session since last April, which added $442bn in market value after flagging a revenue growth of 70% for FY28. The Dow rose 106 points, the S&P 500 gained 0.72% and the Nasdaq added 1.57%. The Russell 2000 gained 0.28%. The VIX fell 4.60%. Most S&P 500 stocks lower outside of Tech. Staples the worst performing sector.
Bond yields edged higher for a second day as markets waited ahead of Jackson Hole, a hawkish tone is expected. Three Fed officials recently voiced concerns about inflation. Schmid said policy was not restrictive, Cleveland's Hammack said now was the time to act, and Chicago's Goolsbee said inflation is not under control. The US 10 year yield rose 2.1bp to 4.67% and the US 30 year added 2.2bp to 5.19%. The USD Index was little changed at 99.12 and the AUD climbed 0.36% to 71.97 US cents. Bitcoin rose 1.69% to $80,082.

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 S&P 500 was relatively unchanged on Wednesday after the latest personal consumption expenditures price index reading revealed that inflation remains elevated.
The broad market index closed around the flatline at 7,675.70, while the Nasdaq Composite declined 0.08% to settle at 26,130.20. The Dow Jones Industrial Average lost 113.52 points, or 0.21%, to finish at 53,463.88.
Meta reached a settlement with state attorneys general over a lawsuit alleging that its social media apps harmed young users. Shares were 1% higher on the day.
The PCE price index — a monthly report detailing changes in prices of goods and services and a closely watched inflation metric by the Federal Reserve — rose slightly more than expected in July. However, core PCE, which excludes food and energy prices, came in as anticipated.
SPI down 4 - Nvidia eases after hours - Salesforce jumps - QAN - WES Results
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 37 points lower at 9,128 (0.4%) after a strong start was ambushed by a higher-than-expected CPI number this morning. What looked like a good day all round turned into a negative one, with results also weighing on the market and some high-profile companies disappointing.
Banks continue to wallow, with CBA down 1.0% and the Big Bank Basket falling to $264.50 (0.4%). MQG was a standout, up 0.3%, but insurers gave back some of yesterday's gains, with QBE down 1.1% and IAG down 1.2%. GQG fell 7.0% as it went ex-dividend today.
Industrials slid, with some of the healthcare stocks giving back some of the gains of recent times. CSL was down 0.7%, while PME also fell 3.2%. Tech stocks were also on the nose today, led lower by WTC, which fell 10.1% on disappointing results, while XRO also fell more than 5.6%. DTL gave back some of its recent gains, falling 5.4%, and the All-Tech Index was also lower. TLS eased back 2.6%, while retail was mixed after good results from LOV, with WES rising 0.7%. WOW also had a good day after promising results, up 3.4%, while COL kicked again on broker upgrades.
In resources, BHP eased slightly, while RIO was up a little. Gold miners continued to enjoy the gains, with PRU one of the best performers, up 9.5%. We also saw a rise in SFR, up 6.0%, while PLS managed a good rise today after yesterday's falls.
Oil and gas stocks eased back, with WDS down 3.3%, while uranium stocks were better, with PDN up 5.1%.
In corporate news, CTT rallied 16.7% on its results, NEU is paying its first dividend, DMP was sold down again after further writedowns, CBA agreed to a $249m settlement of a class action, and LOV delivered a strong result. There were plenty of casualties on results today, including DRO, which fell 11.0% on lower margins, while FLT dropped 7.4% and INA also fell hard on a takeover of PPC.
Asian markets were mixed, with Japan up 0.7%, Hong Kong up 0.6%, China up 0.8%, Kopsi up 0.4%, and US futures were drifting lower ahead of Nvidia and PCE data., with the Dow up 4 points and the Nasdaq down 68. PCE data tonight. European futures pushing slightly ahead. 
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.