Markets finally wobble after a relentless rally: breadth cracks, hot names see heavy profit-taking (Nvidia included), Aussie microcaps slump, and the ASX 200 flashes bearish divergence. We break down what’s driving the pullback, why Michael Burry’s short on Palantir is in focus, and why U.S. natural gas is ripping—mostly seasonal now, with possible AI-driven demand ahead—plus how far this correction could run and our gas bull case.
JP Morgan just upgraded lithium prices by 60% as battery storage demand explodes 50% in 2025. Meanwhile, Trump’s $80bn uranium investment could ignite the next commodity rally.
But there’s a hidden warning signal in the markets that’s successfully predicted corrections for decades — and it’s flashing orange right now.
Some historic moves unfolded over the week, with gold plummeting US$250 in one session. Is it a sign of things to come or a buying opportunity? Oil has also walked back from the edge of the cliff, but risks remain. Charlie and Murray discuss the US dollar, oil, gold, silver, and rare earths.
US regional banks were hammered 6% on Thursday after two banks fessed up to major losses. Add to that two recent auto loan failures dished out billions of losses and now the market is wondering where the next cockroach is. Murray and Charlie look at the rising risks of a correction due to credit stress and rising US-China trade tensions. They also update you on the moves in gold, oil, S&P 500, and US 2-year bonds.
The bull market is in full force with certain sectors flying higher day after day. Murray and Charlie put a stake in the ground to point viewers towards the next critical metals they think are about to run. They analyse a few companies and ETF’s in each sector that have turned a corner and are primed to jump. They also update Murray’s call on oil and Weebit Nano [ASX:WBT].
Oil tumbles to its steepest weekly loss in over three months, with Brent and WTI sliding as traders brace for an OPEC+ supply surge.
In the U.S, the government shutdown begins, but markets power higher. The S&P 500 and Nasdaq hit fresh records again.
And in Australia, BHP–China iron ore tensions shake resource names, even as banks and healthcare drive the ASX 200 higher.
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