Tech rally starts US Reporting Season
Paper Mandate Market & Portfolio Commentary | 15 April 2026
Fund Status:
Bal Start: $1,005,815
Bought NWL, SKS, CCL, JDO, GLF
Sold: None
Bal End: $1,022,898
Cash: $313,939.29
Market Commentary
There was a surge in markets overnight, with major indices closing at highs on reports of a second round of Middle East negotiations. Tech and the Mag 7 lead the rally. The US is entering reporting season (already). The US major banks posted strong results. Oil prices dropped below US$100 and took the energy sector with it. Futures indicated the ASX 200 would open higher.
Similar to the US, Tech lead and Energy sank. The XTX Index actually fell on open and then recovered later in the day. Gold names also rallied. Standout performers were Evolution Mining, Ramelious, Regis, and Genesis. One stock that I’ve had my eye on and had a big rally was Avita Medical (+13.81%). It is a biotech company that produces a compound that treats skin burns better than traditional methods. They announced positive results from a recent study of one of their products.
Portfolio Commentary
CCL completed the institutional placement for their acquisition, sending prices up +6.65%. MP1 rallied along with the Tech sector. Woodside retreated as oil dropped.
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.