TMS Insights March 2026: Reporting wrap and the sell-off
The ASX is down 9% from its peak while the S&P 500 has barely moved. In this episode of TMS Insights, Ben and Jeremy close out reporting season and unpack the geopolitical shock moving oil, bonds and the local market.
In this episode:
- For the first time in BHP's history, copper profits overtake iron ore, and the market welcomes the big Australian back over $100.
- WiseTech guides to the top end and announces 40% of its staff will go. With Block halving its workforce days later, what AI driven margin expansion means for investors in these businesses.
- ResMed and Fisher & Paykel keep upgrading while the market sells almost everything, exactly the kind of company Ben and Jeremy look for in a downturn.
- And why geopolitical shocks have historically rewarded investors who buy the fall, while liquidity, not headlines, is the thing to actually watch.
Companies discussed: BHP (BHP), Light & Wonder (LNW), Mineral Resources (MIN), Seek (SEK), WiseTech Global (WTC), ResMed (RMD), Fisher & Paykel Healthcare (FPH) and Wesfarmers (WES).
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