Market insights, investment ideas and portfolio strategy for self-directed investors. Telling it like it is since 1998.
Australia
Joined June 2009
- Tweets8.4K
- Following1.2K
- Followers8.8K
- Likes829
Microsoft brought in more cash than it spent on data centres. Alphabet spent more than it brought in. Microsoft up 3%, Alphabet down 10%. Cash flow is key.
Marcus has been tracking the AI spending story all results season. Marcus Weekly is a good place to start: marcustoday.com.au/marcus-we…
Banks surged while retailers got hit. The Big Four rose 1.9% to 2.3% after the Fed hold, NAB the best. WES fell 4.0% as Bunnings sales growth slowed.
ASX 200 up 45. MSB flew 23.4% and Champion Iron sank 17.3%.
buzzsprout.com/1853541/episo…
Two Fed governors wanted a hike. The Fed held at 3.75-4.00% in a 10-2 vote, with Cook dissenting for the first time.
Bond traders now price an 85-90% chance of a December hike. The Kospi jumped 6.63% on SK Hynix.
SPI up 40.
buzzsprout.com/1853541/episo…
Anthropic’s revenue went from US$1.2bn to US$16.3bn in a year. That’s real. But at US$1.5 trillion, you’re paying about 22 times revenue. Priced for miracles.
Meta beat on revenue, on advertising growth and on profit, and shares were sold off regardless. Great results are no protection in the face of increased spending plans.
We’re following where the AI money comes from, company by company. Free trial: marcustoday.com.au/trial-sig…
Anthropic filed for a $1.5T IPO and AI infrastructure stocks went vertical. SOX up 3.6%. $CLS jumped 12.1%, $DELL 7.5%, $SMCI 7.3%.
$BA fell 11% on delivery target cuts and a wider Q3 loss. Fed decision due at 5am tomorrow.
SPI up 18.
buzzsprout.com/1853541/episo…
Our full Anthropic valuation, with bull, base and bear cases, is in the members’ Hub. Free trial: marcustoday.com.au/trial-sig…
Annual inflation rose to 4.3%, above the 4.2% consensus. CBA and WBC now forecast a rate hike next week. The ASX 200 gave up its early gains to close down 3.
NXT bounced 9.4% after a financing update eased debt concerns. SDR jumped 18.1% on a guidance lift.
buzzsprout.com/1853541/episo…
Oracle is spending 165% of its operating cash flow on capex this year. CoreWeave is at 296% - three dollars out for every dollar in.
Weeks like this are why some investors hand over the decisions. MT20 is our actively managed ETF portfolio - we handle the positioning. marcustoday.com.au/managed-p…
BHP jumped 4.3% as copper followed the chip bounce after Anthropic’s IPO filing. Materials led the ASX 200 up 40 points.
UBS and Morgan Stanley both say the banks are priced for perfection ahead of WBC’s result next Monday. Iron ore fell to a two year low.
buzzsprout.com/1853541/episo…
Anthropic IPO talk has dropped about US$500bn in a week.
@MarcusPadley explains why that hasn't made it cheap.
marcustoday.com.au/2026/10/c…
Wall Street ended back-to-back losses as Anthropic's IPO filing rekindled appetite for artificial intelligence stocks, sending chipmakers sharply higher.
ASX set to fall. SPI futures down 6 points.
buzzsprout.com/1853541/episo…
The ASX 200 clawed back early losses to finish up 15 points. Miners had a good bounce after a rough few days, with lithium and gold stocks leading the way. CGF rejected a takeover bid from a Japanese insurer. Inflation data is the next big focus later this week.
buzzsprout.com/1853541/episo…
Marcus Today retweeted
Banks up 5%, resources down 7%, gold down 10% - in one week. It’s not investing anymore, it’s trading. BHP falling 8.3% used to be a disaster.
Now, like a $17 croissant and coffee at Tullamarine, it’s normal.
Henry joined David Novac on The Call today - buy, hold or sell across ten stocks including Data#3, HUB24, Treasury Wine Estates and Nick Scali. Watch it here:
ausbiz.com.au/media/the-call…
The SpaceX threat to Telstra is real, but it isn’t as bad as the selling suggests. The threat is to its regional pricing power, not subscriber numbers. Margins, in other words.