The ASX opened 1.1% higher this morning, which honestly feels a bit like a well-intentioned Christmas present that isn’t quite right.

“Thanks, grandma… this is a really lovely jumper you’ve knitted for me, and the extra arm on the front here will definitely come in handy…” – which is the polite way of saying “What I really could have used is a crisp C-note in with the card, you old bag”.

That’s because of how high the US market jumped overnight, thanks to US Fed supremo Jerome Powell who has finally figured out how to push happy news out of his cakehole – which we’ll get to in a minute.

But first, some fantastic research out of Denmark today has dropped this absolute bombshell that is sure to delight every fan of heavy metal.

The music – not, like, actual heavy metals… although there’s no law against being a fan of both at the same time. Whatever floats your boat. Or sinks it. Because it’s heavy.

The study found that bats use the same vocalistaion technique as death metal singers to make their low-frequency calls that help them navigate the dark.

“We identified for the first time what physical structures within the larynx oscillate to make their different vocalizations. For example, bats can make low frequency calls, using their so called ‘false vocal folds’ — like human death metal singers do,” said Coen Elemans, in a news release.

In truly gruesome death metal fashion, the researchers figured this out by extracting the larynxes of several Daubenton’s bats – a small species found in Europe and Asia – and blowing air over the bat’s voice box and watching them vibrate.

This is, obviously, super-gross, but it did reveal just how the bats are able to use their voice boxes in the same way death metal singers (and the chap who earns his living with his hand up the Cookie Monster’s butt on Sesame Street) are able to, as well.

It’s hardly surprising, though. We’ve known about the affinity that some animals have with death metal performances for many years now, as this amazing documentary footage from 12 years ago shows.



But we should point out that this is a vocal technique that takes a lot of dedicated training to perfect, which has claimed more than its fair share of victims over the years, as this plucky little fella found out.



… and when you’ve stopped cackling to yourself over that particular gem, we can take a look at what the markets are up to today.



The ASX has kept its head above water this morning, opening on a 1.1% spike before easing to +0.8% at lunch time.

The jump so far today has largely been driven by Materials (+2.64%) and Utilities (+1.30%), with Consumer Discretionary, Telcos and the Finance nerds all jockeying around 0.74% in a tight race for third.

Being all low-energy and stuff is… Energy, down 0.57%, with Healthcare (-0.34%) on its shoulders trying desperately to get some air.

The only signs of Large Cap social climbing this morning are coming from Block Inc (ASX:SQ2) HQ – but there’s not a whole lot of market news to explain why its climbed 6.89% so far today, other than “because the Nasdaq!”.

Speaking of which…



In the US overnight, there was much rejoicing, for the US Federal Reserve Chief has finally had something nice to say, and brought joy to all the boys and girls.

Actually, it wasn’t all that much that JayPow had to say, but his “the rate hikes are gonna start slowing down” outlook was enough to put some pep in the step of US investors.

The S&P 500 was up by 2.10%, the Dow by 1.32% and players with skin in the tech heavy  Nasdaq game were happier than a pup with two peters, up by 3.10%.

Early Bird Eddy Sunarto reports Powell explained that inflation in the US remains too high, but rate hikes must be slowed down because prior rate increases have yet to take their full effect.

“Monetary policy affects the economy and inflation with uncertain lags, and the full effects of our rapid tightening so far are yet to be felt,” he said.

“Thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down.”

The Fed will make its next rates decision on December 13-14.

Meanwhile in Asia, Japan’s Nikkei has jumped a little over 1.0% this morning, because a tweet showing apprentice geishas dealing with a fire drill in Kyoto’s Kamigyo Ward has made everyone super-happy.


And no, it doesn’t look anything at all like the start of a grown-up movie. No idea what you’re talking about.

Meanwhile in China, things are looking up following Wall Street’s lead and markets are taking the death of former Chinese leader Jiang Zemin’s death of leukaemia and multiple organ failure at the age of 96 in their stride.

Hong Kong is up 2.55% in early trade, with Shanghai trailing behind at +1.30%.

In crypto, Powell’s comments have help to buoy that market as well, with BTC and ETH both enjoying a solid boost this morning.

However, the market-wide trend of sacking heaps of people is continuing – big player Kraken dumped 1,100 workers last night, and local outfit CoinJar lost 20% of its workforce as well.

You can read more about that, and other crypto goodness, in Rob “Actually, Gregor wrote this one” Badman’s Mooners & Shakers.



Here are the best performing ASX small cap stocks for December 1 [intraday]:

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

Code Company Price % Volume Market Cap
ARE Argonaut Resources 0.2 100.00 261876 $6,361,871
MGG Mogul Games Grp 0.2 33.33 404605 $4,895,162
CDR Codrus Minerals Ltd 13 23.81 374827 $4,245,150
HFY Hubify Ltd 2.7 22.73 6378 $10,914,998
TD1 Tali Digital Limited 0.3 20.00 30000 $3,543,813
SGA Sarytogan 29 18.37 551381 $15,118,250
RLC Reedy Lagoon Corp. 1.3 18.18 80506 $6,131,696
KKO Kinetiko Energy Ltd 14 16.67 1369812 $87,030,210
CTO Citigold Corp Ltd 0.7 16.67 151500 $17,001,955
RC1 Redcastle Resources 1.4 16.67 271899 $3,429,410
SHG Singular Health 14.5 16.00 210732 $8,161,134
TRM Truscott Mining Corp 4.4 15.79 164809 $5,999,081
IRI Integrated Research 55.5 15.63 308372 $83,020,095
CUF Cufe Ltd 1.6 14.29 300000 $13,525,573
HLX Helix Resources 0.8 14.29 7608254 $16,262,021
NZS New Zealand Coastal 0.4 14.29 829441 $3,944,518
BGD Bartongoldholdings 20 14.29 32556 $15,092,403
BPM BPM Minerals 12 14.29 175503 $5,871,832
AUQ Alara Resources Ltd 4 14.29 10523 $25,133,064
ELE Elmore Ltd 2.4 14.29 1840516 $23,284,538
BDM Burgundy D Mines Ltd 29 13.73 71676 $88,317,770
XTE Xtek Limited 71 13.60 1032247 $63,601,064
BRL Bathurst Res Ltd. 84 13.51 80139 $141,606,237
ARD Argent Minerals 1.7 13.33 4108475 $16,278,875
LSA Lachlan Star Ltd 1.7 13.33 298140 $19,785,191
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If the Small Caps winners chart looks weird to you this morning, it’s probably because it’s missing a sight that we’ve become used to over the past few weeks – a company having an absolute +50% belter in early morning trade.

So the winner’s circle is actually looking a little muted this morning, with things back to “normal” – it’s microscopically-small market cap companies climbing higher on ultra-thin turnover almost as far as the eye can see.

Of note, however, is Kinetiko Energy (ASX:KKO), up 16.7% on news of significant results from gas desorption testing from core hole 271-23C achieving gas content of over 11m3/t.

”We have proven and re-proven the productivity of our unique geology. Following the success of core hole 271-23C near Majuba power station, our first borehole in block ER270 has kept our 100% strike rate intact,” Kinetiko CEO, Nick de Blocq, said.

Meanwhile, Singular Health Group’s (ASX:SHG) erratic movements of the past month are continuing. This morning, SHG is up 16% on no fresh news.

And lastly, BPM Minerals (ASX:BPM)is also stacking on some value this morning, with the gold, lead, zinc and nickel digger climbing 14.3% – again, on no news, but given the overall market sentiment for materials this morning, it’s not really all that surprising.



Here are the most-worst performing ASX small cap stocks for December 2 [intraday]:

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

Code Company Price % Volume Market Cap
GGX Gas2Grid Limited 0.1 -50.00 97367 $8,116,204
WKT Walkabout Resources 11 -36.42 7717325 $104,357,200
MEB Medibio Limited 0.1 -33.33 100000 $4,980,891
CCE Carnegie Cln Energy 0.15 -25.00 639853 $31,285,147
KEY KEY Petroleum 0.15 -25.00 312272 $3,935,856
OD6 Od6Metalsltd 51 -19.69 3738943 $31,331,215
PR1 Pureresourceslimited 30.5 -17.57 232455 $9,259,253
M8S M8 Sustainable 0.75 -16.67 1236000 $4,418,176
KNM Kneomedia Limited 1.7 -15.00 5876236 $26,917,553
NES Nelson Resources. 0.6 -14.29 40010 $4,120,160
APC Aust Potash Ltd 1.9 -13.64 8098176 $20,311,922
ASP Aspermont Limited 2 -13.04 2437083 $55,871,439
99L 99 Loyalty Ltd. 1.4 -12.50 455819 $18,554,924
ADX ADX Energy Ltd 0.7 -12.50 3152438 $28,040,237
CAD Caeneus Minerals 0.35 -12.50 10800000 $21,382,420
FHS Freehill Mining Ltd. 0.7 -12.50 538132 $15,414,791
KFE Kogi Iron Ltd 0.7 -12.50 10103977 $13,056,622
SHN Sunshine Gold Ltd 2.2 -12.00 418399 $15,200,568
AVE Avecho Biotech Ltd 0.8 -11.11 99381 $16,540,824
MRQ Mrg Metals Limited 0.4 -11.11 25629750 $8,806,764
TGA Thorn Group Limited 105 -11.02 68114 $41,021,542
FFF Forbidden Foods 4.2 -10.64 88518 $4,859,946
OPY Openpay Group 21 -10.64 112396 $54,717,464
DTZ Dotz Nano Ltd 27 -10.00 274166 $135,124,300
FAU First Au Ltd 0.45 -10.00 1018395 $4,759,966
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