TMS Insights June 2025: The V-shaped recovery
Two months after one of the sharpest sell-offs in recent memory, markets are back near record highs. In this episode of TMS Insights, Ben and Jeremy unpack a rare V-shaped recovery and the biggest corporate news in Soul Patts' modern history.
In this episode:
- The April sell-off already feels like ancient history, with a stellar US earnings season and a global rate cutting cycle pulling markets back to highs.
- Soul Patts and Brickworks announce the unwinding of a cross shareholding that has stood since the era of corporate raiders, set to create one of the ASX's forty biggest companies and TMS's largest holding.
- Xero delivers the standout of the mini earnings season, with the flywheel starting to turn as revenue growth drops through to profit.
- Fisher & Paykel and ResMed keep benefiting from an unexpected quirk: weight loss drugs are sending more people to get tested for sleep apnoea, not fewer.
- And with June here, the end of financial year checklist: pensions drawn, super contributions in, and no need to act yet on the proposed super tax.
Companies discussed: Washington H. Soul Pattinson (SOL), Brickworks (BKW), Xero (XRO), Aristocrat (ALL), Fisher & Paykel Healthcare (FPH), ResMed (RMD) and Sigma Healthcare (SIG).
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