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Marc Kennis

Marc Kennis is one of the Co-Founders of Stocks Down Under and has been an equities analyst since 1996, predominantly covering Semiconductors, Technology, Consumer Electronics and Medical Equipment. Prior to founding Stocks Down Under, Marc worked for various brokers and banks in the Netherlands, including ING and Rabobank, and co-founded Pitt Street Research in 2016. Marc obtained an MSc in Economics from Tilburg University, Netherlands in 1996 and a postgraduate degree in investment analysis in 2001.

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US stocks

US Markets Overnight: Snooze Fest

US Markets Overnight brought little excitement The session of Thursday, 21 May 2026 was the morning after the night before, and the hangover was real. Wednesday's relief rally, the one that snapped a three-day losing streak on the back of Nvidia's blockbuster result, ran straight into a wall of rising bond yields and a whipsawing…

ByMarc KennisMay 22, 20260Comments

Where to Move to Avoid Australia's New CGT Changes in 2027

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Pack Your Bags, Albo’s Coming for Your Capital Gains: 5 Tropical Escapes for Tax-Weary Aussies

Where to Move to Avoid Australia's New CGT Changes in 2027 Last week the government confirmed what investors had been dreading. From 1 July 2027, the 50% CGT discount that Australians have relied on since 1999 is being torn up. In its place comes inflation-adjusted indexation plus a minimum 30% tax rate on realised capital…

ByMarc KennisMay 21, 20260Comments

Semiconductor stocks Tech Stocks US stocks

US Markets Overnight: Jensen delivers the goods, and the market shrugs anyway

US Markets Overnight provide some relief for the high Beta crowd Here is the thing about being the most important company on the planet: you can post numbers that would make any other CEO weep with joy and still get nothing but a red tick in afterhours for your trouble. That was Nvidia's lot on…

ByMarc KennisMay 21, 20260Comments

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US Markets Overnight: The 5.2% problem

The vibe check Tuesday, 19 May 2026 was the session where the bond market finally lost patience. US markets overnight delivered a third straight losing day for the S&P 500, but the real story wasn’t in equities, it was in the long end of the Treasury curve. The 30-year yield blew through to 5.198%, its…

ByMarc KennisMay 20, 20260Comments

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US markets overnight: Bonds bite, barrels boom, and Tesla’s got a Monday to forget

The vibe check Monday, May 18 was a session held hostage by the bond market, as US markets overnight served up a muted, tension-riddled result that left bulls and bears roughly where they started, but considerably less comfortable than on Friday. The 10-year Treasury yield climbed to around 4.63%, its highest reading in twelve months,…

ByMarc KennisMay 19, 20260Comments

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US Markets Overnight: The bond market crashed the chip party

US markets overnight were rough. It was always going to come for them, the only question was when. After weeks of US markets grinding higher on the back of a parabolic AI chip rally, Friday May 15 was the session where the bond vigilantes finally turned up at the door with a clipboard. The 10-year…

ByMarc KennisMay 16, 20260Comments

Blue Chip Stocks Semiconductor stocks Tech Stocks US stocks

US Markets Overnight: Cisco walks into the AI bar like it owns the place

US Markets Overnight reminded us of the dot com party in 1999 If you'd told the average punter back in January that the stock to lead an AI-driven, record-breaking session on the S&P 500 and Nasdaq would be the one Aussie investors mostly remember from the dot com era, you'd have copped a polite chuckle…

ByMarc KennisMay 15, 20260Comments

Semiconductor stocks Tech Stocks Technology

Don’t mention the C word: Are semiconductor valuations ripe for a tumble?

Valuation vertigo and flashbacks to 2000 The Philadelphia Semiconductor Index, better known as the SOX, hit 12,000 points on 13 May 2026. Year-to-date, the index is up roughly 69%. The top ten performers in the Nasdaq have more than doubled year-to-date! SanDisk is up 558% in 2026 alone. Yours truly sat through that earlier episode, watching…

ByMarc KennisMay 14, 20260Comments

Large Caps US stocks

US Markets Overnight: Powell? What Powell? The Chip Party Rolled On

US Markets Overnight: Powell? What Powell? The Chip Party Rolled On Wednesday night’s US session on May 13 felt a bit like watching markets decide inflation is somebody else’s problem. In US markets overnight, producer prices came in hotter than expected, Treasury yields stayed elevated, oil is still sniffing around uncomfortable territory thanks to Middle…

ByMarc KennisMay 14, 20260Comments

Technology Semiconductor stocks Tech Stocks

4DS Memory (ASX: 4DS): A Second Life at 60nm in India

We've been following 4DS Memory for a very long time, and for most of that journey it has been a story of heartbreak. The company's dream, bringing its proprietary Interface Switching ReRAM technology to sub-20nm advanced process nodes, ran aground not once, but twice. After years of platform lots, etching problems, manufacturing setbacks at imec…

ByMarc KennisMay 12, 20260Comments