This week’s Bulls N’ Bears ASX Runner of the Week is… Identifai Genetics. Credit: Bulls N' Bears/File And the red contagion spreads. With more agitators piling into the Middle East conflict, Houthi attacks on Saudi Arabia escalated not just the war but global oil prices to start the week. A strike on Riyadh airport that killed 12 led Trump to accuse Iran's Islamic regime of steering the attacks to push oil prices higher ahead of the US midterms. If that was the plan,

The Bulls N' Bears ASX Runner of the Week is... Alvo Minerals, which soared 257 per cent on its promising heavy rare earths grades and a potential game-changing processing route for its Brazilian project.

This week’s Bulls N’ Bears ASX Runner of the Week is… Dateline Resources Credit: Bulls N' Bears/File And the finger-pointing begins. Albo is acting annoyed and flabbergasted that the RBA had the temerity to jack up interest rates again, as if the latest rise has somehow arrived from another planet rather than after years of rampant government spending. Meanwhile, RBA Governor Michele Bullock has finally stopped gaslighting the Australian public on spending and made on

This week’s Bulls N’ Bears ASX Runner of the Week is… Micro-X Limited. Credit: Bulls N' Bears/File After more than a month of nothing but red, it looked as though the ASX had finally shaken things off and last Friday's rally was quickly morphing into a mini bull market. Oil woes were supposedly subsiding, rate rises were fully priced in and after a few shaky months, it looked like business as usual for the market bulls. Traders had barely finished congratulating thems

This week’s Bulls N’ Bears ASX Runner of the Week is… Latrobe Magnesium. Credit: Bulls N' Bears/File It feels like a rinse-and-repeat of the Bad News Bears for global markets, with no obvious reprieve in sight. That was certainly the mood among commodity analysts this week after oil kicked off proceedings at an uncomfortable US$110 a barrel, following an Iranian-backed Iraqi militia attack that knocked out a major Saudi pipeline carrying roughly five per cent of global

This week’s Bulls N’ Bears ASX Runner of the Week is… Iondrive Limited. Credit: Bulls N' Bears/File Gee, financial markets are really putting the old bend-don't-break adage to the test. Wall Street and the ASX spent most of the week heading in one direction — down - with Aussie miners getting pummelled on Friday as the index gave up 3.5 per cent on the week. Boring old bonds are back on the chopping block this week and no matter how much the US Treasury intervenes, th

This week’s Bulls N’ Bears ASX Runner of the Week is… Kaoko Metals. Credit: Bulls N' Bears/File The week kicked off exactly the way nobody wanted. AI videos of the US blowing up Iran's Kharg Island littered President Trump’s social media, welcoming pundits to a mad market on Monday. The orange leader of the free world was doing his best to unhinge traders, as they immediately did what traders do best — panic about oil. Brent crude flew to as high as US$97.5 a barrel,

This week’s Bulls N’ Bears ASX Runner of the Week is… X2M Connect. Credit: Bulls N' Bears/File Markets were in Limbo for most of this week, with investors anxiously waiting on the world’s biggest company to eventually set the mood. Nvidia earnings loomed like a grand final for the AI, with punters largely sitting on their hands to see whether the world's most important stock could once again justify its astronomical valuation. It did, with Nvidia smashing expectatio

This week’s Bulls N’ Bears ASX Runner of the Week is… Accent Resource. Credit: Bulls N' Bears/File Another week of smoke and mirrors has left markets generally sitting pretty to end the week. The ASX slid a little on Friday, largely on retreating copper and aluminium prices as the world’s biggest miner BHP shed nearly 4 per cent. However, US markets were pushing new all-time highs on “nothing to see here” US inflation data, taking some heat out of the interest-rate hawks.

This week’s Bulls N’ Bears ASX Runner of the Week is… Wellnex Life. A welcome sea of green has flooded its way back to the meandering ASX this week, just in time for the corporate types of the resources sector to descend upon the annual Diggers and Dealers forum in Kalgoorlie. Gold was well and truly back on the menu at Diggers following US Treasury Secretary Scott Bessent's claim Washington was just days away from striking a deal with Iran to reopen the Strait of Hormu

This week’s Bulls N’ Bears ASX Runner of the Week is… Ceretas Limited. It's all-out war again, and the inflation monster is back. The peace table remains firmly off the agenda with the US and Iran trading blows into a second week and the Strait of Hormuz increasingly caught in the crossfire. US forces reportedly struck a military site near Tabriz, while Iran continued firing on American facilities and allies across Kuwait, Bahrain and Jordan. Then there’s those Hout

This week’s Bulls N’ Bears ASX Runner of the Week is… Janus Electric Holdings. Red as far as the eye can see. Red in the market. Reds in government. At this rate, one day we might even find ourselves saluting a Red Army flag. First, the government came for your capital gains. Now they're coming for your retirement. After overseeing the worst collapse in Australian living standards on record, Prime Minister Albanese says he wants your super, and he isn’t even trying to h

This week’s Bulls N’ Bears ASX Runner of the Week is… Argent BioPharma. Heads down, bums up and helmets back on. Just when investors thought the Middle East might finally be settling down, President Donald Trump declared the Iran ceasefire dead and we welcomed back volatility to an already toppy market. The latest flare-up began after Iranian forces struck three commercial vessels transiting the Strait of Hormuz, prompting a fresh wave of US air strikes on military in

This week’s Bulls N’ Bears ASX Runner of the Week is… Norwood Systems. What goes up usually comes back down. And, after months of AI-fuelled euphoria, even Elon Musk’s SpaceX came back down to earth this week. Wall Street copped a bruising, with the tech-heavy Nasdaq shedding more than 1000 points and finishing the week down about 4 per cent. Oddly enough, the selling appears to have started in South Korea, where regulators reportedly began raising concerns over the r

This week’s Bulls N’ Bears ASX Runner of the Week is… Norwood Systems. Perfect timing. As news landed that the US was inching towards a peace deal with Iran and the FIFA World Cup kicked off, the long-awaited SpaceX IPO finally launched, in what can only be described as a roaring success. The float was always expected to be enormous, but few anticipated quite how quickly investors would lose their minds. Shares issued at US$135 (A$190) apiece at IPO opened at US$160

This week’s Bulls N’ Bears ASX Runner of the Week is… 333D Limited. Just a week after questioning whether the AI-fuelled US rally was beginning to look a little frothy, the market delivered a fairly emphatic response. The tech-heavy Nasdaq copped a hiding last Friday, tumbling 4 per cent in its worst single-day performance in more than a year. At its low this week, the top-performing index was down more than 7 per cent since the start of June, wiping hundreds of billi

This week’s Bulls N’ Bears ASX Runner of the Week is… DXN Limited. The hype machine for the impending SpaceX initial public offering is now in overdrive, with news spreading that the float is now due to list on June 12th at $135 a share. This would make it the biggest IPO in history with a colossal $1.77 trillion market cap, accompanied by a lazy $125 billion raising. Goldman Sachs reported it expects SpaceX AI revenue – cornerstoned by Grok - to grow 100-fold by 2030 t

The US-Iran rollercoaster rolls on, with every day a new revelation and a new reality. As the week started, investors saw a potential peace deal quickly escalate to war and attacks by the United States by lunchtime, only for the following day to see it back to promises of a deal by President Trump, followed by yet more war. By Thursday, investors didn’t know which way was up, with the ASX opened relatively flat before conceding a whopping 1.5 per cent by midday after Iran f

This week’s Bulls N’ Bears ASX Runner of the Week is… Hydrix Limited. After the bloodshed of last week’s budget, Australian markets have calmed a little this week. Aided by US President Trump's latest truth social tirade, the temperamental leader of the free world suggested that the US and Iran were once again in the "final stages” of negotiations. The hopes of any kind of deal, at least, soothed oil prices and caused Australia's mining sector to take off simultaneously

This week’s Bulls N’ Bears ASX Runner of the Week is… Myeco Group. Credit: Bulls N' Bears/File How good. The government is not only useless at spending your money, it now wants more of it. As expected, this week the two things that the Labor Party promised a year ago would not be touched – the capital gains discount and negative gearing – have popped up in what is being hailed by holes-in-his-pockets treasurer Jim Chalmers as the “most ambitious budget in decades”. Throw in a