Latest / MPC Markets Morning Call
5th August – Weakening Economy give investors cause to tap the brakes
The episode’s focus is on rising caution as the US ISM Services Index just cleared contraction territory, softening recent US gains but still lifting Asia-Pacific markets, with the ASX nearing record highs. Earnings season sees Australian small and mid-caps hit by overreactions from poor analyst coverage, which, as with Tealix’s 15% drop on higher expansion costs, presents long-term buying opportunities for selective investors. In the US, defensive sectors and tech led gains, with Palantir and defence stocks notably strong, while AMD missed profit expectations despite healthy revenue growth…
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