Strait Jackets & Supply Chains, "Agent Orange" Sell-Off
Paper Mandate Market & Portfolio Commentary | 13 April 2026
Fund Status:
Bal Start: $999,805
Bought: WTC, WDS, SRG
Sold: None
Bal End: $987,912
Cash: $347,125.75
Market Commentary
The US session on Friday ended lower as CPI jumped to 3.3% YoY. Nasdaq, Nikkei and Hang Seng are the only indices that are up. The US Government instituted a blockade at the Strait of Hormuz after negotiations fell over. As a result oil prices jumped, WTI now $104.90 and Brent $102.51. In addition, European gas futures rose 17%. Consumer Staples and Healthcare are the lowest performing -1.43% and -1.33% respectively. Surprisingly, Tech is holding up +0.76%. Premarket shows the Australian bond rates have increased across all the tenors, while ASX200 futures are up for the morning Monday 13 April 2026 but it is unlikely the open will be up given the blockade.
Interesting stock specific news in the morning, A2M announced they are unlikely to meet their 2025 fiscal net profit due to supply chain issues. Monash IVF (MVF) received another takeover bid of $0.90. This is higher than the $0.80 last time. With 389.6m shares outstanding, that is another $350m adding to the deal. Not too shabby. The stock ended the day 15.8% up. The tech sector of the ASX 200 was going through an interesting ride, first down, then up. The market finished down today, Energy leading the charge once again. Tech, Industrials, Consumer Discretionary all down. It is tough to manage money in this market when you are at the wimps of Agent Orange.
Portfolio Commentary
WDS target price was raised by Morgan Stanley to $28 (+7%). The stock rallied 2.6% as a result. Most of the portfolio fell today, mainly due to the rhetoric out of the US and the blockade. It is best to remain cautious and opportunistically buy solid companies on weakness for future growth (like WiseTech).
The portfolio is slowly filly out and reducing cash exposure. It is likely the portfolio will be underweight financials as the majority of the index is the Big Four Banks.
Investment Rationale
Disclaimer: This is a simulated portfolio. Content is for educational purposes only and does not constitute financial advice. Always do your own research.