Index Update: The S&P/ASX 200 finished Tuesday at 9,094.70, rising 62.80 points or 0.70% and notching a new 100-day high. The index has advanced 2.19% over the past five sessions and is now just 0.22% below its 52-week peak. Gains were broad-based, with 10 out of 11 sectors posting increases. Materials led the rally, climbing 1.67% on the day and up 2.07% for the week. The only sector to finish lower was Consumer Staples, which slipped 0.30%.

Macro Update: US President Donald Trump and Australian Prime Minister Anthony Albanese on Monday inked an agreement on rare earths and critical minerals, aiming to secure a reliable supply amid rising global competition. Meeting at the White House for their first summit, Trump noted the deal had been in negotiation for four to five months, while Albanese referred to it as a USD 8.5 billion pipeline “ready to go.” Details of the full agreement were not immediately disclosed, but both leaders indicated it includes mineral processing initiatives. Albanese added that each country will contribute USD 1 billion over the next six months toward joint projects.

Top Market Movers: The market saw notable swings today with HUB24 Limited (ASX:HUB) leading the gainers, surging 10.63% to AUD118.59, followed by Mesoblast Limited (ASX:MSB) up 9.40% at AUD2.91 and Droneshield Limited (ASX:DRO) climbing 8.72% to AUD4.86. On the downside, Zip Co Limited (ASX:ZIP) fell 9.11% to AUD4.19, Lynas Rare Earths (ASX:LYC) dropped 7.56% to AUD18.96, while Perpetual Limited (ASX:PPT) declined 6.91% to AUD19.81.

Commodity Update: The dollar strengthened slightly against the yen on Tuesday as investors turned attention to political developments in Japan and the euro area, while U.S. credit risk worries persisted. Gold slipped 0.14% to USD 4,353.35 per ounce, silver declined 1.47% to USD 50.62, and copper rose 0.17% to USD 10,708.75. Brent crude dipped 0.10% to USD 61.00 per barrel, hovering near five-month lows amid supply glut and weak demand concerns.

Our Stance: The S&P/ASX 200 climbed 0.70% to 9,094.70, reaching a new 100-day high as gains were broad-based, led by the Materials sector, while only Consumer Staples edged lower. Positive sentiment was reinforced by the US-Australia rare earths agreement, signaling a strong macroeconomic backdrop and potential growth in strategic sectors. Commodities showed mixed trends, with copper rising modestly and precious metals retreating slightly. The market demonstrates resilience and momentum, suggesting selective optimism for the sectors linked to resources and technology. However, one should remain cautious of short-term volatility and geopolitical or commodity-driven risks that could impact returns.

In its latest session, the S&P/ASX 200 Index advanced 62.80 points to close at 9,094.70, supported by a bullish candlestick formation and strong trading volumes clear signs of sustained investor confidence. On the daily chart, the index continues to trade above its 50-period Simple Moving Average (SMA), which serves as dynamic support and reinforces the prevailing uptrend. A key support zone is identified near 9,000, and holding above this threshold remains crucial for preserving the current bullish structure. Maintaining this level could allow the index to consolidate recent gains while reinforcing investor confidence in the broader upward trend. From a weekly perspective, the index also remains above its 21-period SMA, reflecting a constructive longer-term setup that suggests the potential for continued momentum, provided near-term support levels hold firm.