Stagflation Signals as ASX hits 8,800 | Mandate Memo
Paper Mandate Market & Portfolio Commentary | 7 April 2026
Fund Status:
Bal Start: $974,154.43
Bought: Nona
Sold: None
Bal End: $979,981.73
Cash: $439,501.81
Market Commentary
On the morning of April 7th US markets were up and the ASX futures indicated the local market will also be up. Today was the deadline for Iran to accept a deal with the US or be bombed. It didn’t help that Trump posted an unhinged tirade on social media saying Iran must open the Strait or the bombed.
On open the ASX200 jumped to 8,800 before settling to 8,728 by end of day. All sectors ended the day higher led by tech, materials and financials. Star performer was GYG, up 18% after announcing strong 3Q sales due to partnership with Uber Eats. The monthly inflation gauge was up 1.3% (not great) and the Indeed Job ads dropped 3.1% MoM. Higher inflation and lower job growth are signs of stagflation.
Portfolio Commentary
The tech and gold exposure were the winners today. ZIP rallying 5.7% with OBM (+3.6%), 360 (+3.5%), and MP1 (+3.0%) not far behind. WDS (+2.5%) was up which indicates to me there is still concern on energy from Middle East crisis. While I would have liked to assess the positions and reduce cash, I did find the tile during the day. Detractors today were SHA (-3.7%), HMC (-3.2%) and GLF (-2.1%).
Everyone likes a logo. Showing todays’ best and worst in the portfolio
Investment Rationale
Did not trade today.
Disclaimer: This is a simulated portfolio. Content is for educational purposes only and does not constitute financial advice. Always do your own research.