1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Gemma Dale from nabtrade shares her insights on the recent trading landscape, noting a surge in trading volumes after a period of modest activity. With the market nearing all-time highs, traders are trimming positions, showing caution towards expensive market levels. CBA (ASX: CBA) stocks see significant trimming yet remain a staple in portfolios.
In the materials sector, Rio Tinto (ASX: RIO) emerges as a strong buy, diverging from peers like BHP (ASX: BHP) and Fortescue (ASX: FMG), which are being sold off. Meanwhile, gold miners witness mixed reactions despite sideways gold price movement. Investors are increasing allocations to physical gold ETFs, showcasing strategic asset allocation decisions.
Energy stocks also see traction, primarily with Woodside, despite volatile international trade dynamics. Monash IVF (ASX: MVF), after negative press, experiences a buying surge, reflecting a contrarian approach by investors. Gemma highlights an increasing interest in defence stocks, especially ETFs in the US, underscoring a rising theme in global investments
