What a fabulous change of pace it’s been this morning, with the market’s overall outlook rosier than the rear end of an amorous baboon. Truly a thing of absolute beauty.

Actually that’s not rosy at all. It’s horrible. Pic via Getty

Anyway, who else is feelin’ a little frisky today? The good citizens of Malmö, Sweden – home to one of the world’s greatest heavy metal festivals, and a disturbingly erotic public works program – are.

Malmöans have good reason to be getting into the feel-good groove, after someone had one of the greatest strokes of genius since Einstein invented the pocket calculator: in a bid to get people to stop dropping litter on the side of the Davidshallsbron Bridge, the bins have been… interfered with.

The result is rubbish bins that get into some real dirty talk whenever someone dumps a load of rubbish in them, breathlessly uttering phrases like “Oh, yeah, right there”, “Come back quickly and do that again” and “That was crazy good”. But in a sexy voice.

We’re not gonna lie. It’s kinda hot. So, headphones on if you’re at work (no really), and have a listen for yourself, because there’s no way this won’t encourage a few upstanding citizens to help clean up the city.

Whether the success of 1980s Australia’s “Do The Right Thing” advertisements will be eclipsed by Malmö’s “Do That Thing. Right There. And Again. Do It, Do It, Do It. Somebody Fetch Me A Towel” campaign remains to be seen.

And there’s market stuff to look at, so let’s get our minds back on the job.



Tuesday’s seen markets climb out of the bin, sexy or not, and bouncing back nicely. Energy (+2.94%) and Materials (+1.84%) were working hard to win back everyone’s approval, leading 7 of the 11 market sectors higher throughout the morning. Real Estate (-0.28%) and Health Care (-0.87%) were the laggards so far today.

An uncharitable person might suggest that a large part of the relief on the ASX 200 today was partly (or largely…) because Wall Street was taking a well-deserved break to celebrate Juneteenth, an actual public holiday, ludicrously named but with a serious vibe. But a positive morning is always a nice thing, so we’ll take it.

Sentiment dipped a little once Reserve Bank Governor Philip Lowe started his “Things Are Nowhere Near as Corked as They Appear” presentation this morning, where he told us that he sees inflation hitting 7 per cent this year (up from 5.1 per cent currently) – but it’s cool, because he’s got a plan.

The day’s big Aussie disappointment comes from Brisbane-based ResApp Health (ASX:RAP), which had shareholders on the cusp of a gigantic round of wallet-fattening Pfizer goodness, until bad news hit the airwaves this morning.

Our man Eddy is there to fill you in on precisely what’s gone wrong, but the end result has been ResApp’s price heading, maybe not for the basement, but certainly back to where it was before all this takeover talk began. Down 30%.

Overseas, and Asian markets also had a crack at showing what they’re capable of when Wall Street stops making us do things we don’t wanna do. Japan’s Nikkei was the best of the bunch, adding 1.30%, with Hong Kong inching up 0.17% while Shanghai fell 0.12%.

In Commodities, oil prices put on better than 2.1%, with Natural Gas going the other way, down 3.1%.

Gold and copper were steady, up 0.2% and 0.1% respectively, while the Aussie gained 0.37% against the US dollar.

And – because we’ve spent all morning listening to that sexy Swedish bin – here’s Rob Badman’s recap of what happened to crypto overnight to get you up to speed.

This post about the ethical pickle Solana fans have found themselves in is worth your time. Promise.



Here are the best performing ASX small cap stocks for June 21 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Hugest good news of the morning is clearly Lode Resources (ASX:LDR), which – as Reuben Adams pointed out earlier – has had a gut-busting smash hit at its Webbs Consol silver-zinc (but mostly silver, apparently) project.

A top hit of 2.9m at 1,126 grams per tonne (g/t) silver equivalent was returned from a broader 6.2m at 587g/t starting at 50m at the Tangoa West prospect.

This was accompanied by an intercept of 3m at 1,023g/t from within a thicker 26.7m at 399g/t that started at 30.1m from surface.

The combination of those two intercepts equates to a hit of 5.9m at 1,074g/t – which has had investors salivating and Lode’s price rocketing 87% and not showing a whole lot of slowing down.

Other little guy winners included Recce Pharmaceuticals (ASX:RCE), after it reported Phase I intravenous (IV) clinical trial of RECCE R327 at 4,000mg indicated a good safety and tolerability profile among 10 healthy male subjects.

This made a lot of people happy – including (we assume) the 10 healthy male subjects – and Recce’s price climbed ~27.0%.


Here are the worst performing ASX small cap stocks for June 21 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort: