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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 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

Uncategorized

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

Semiconductor stocks Technology

Adisyn (ASX:AI1) Just Got Its US Patent And The Market Still Needs To Price In The New Vertical

Adisyn (ASX:AI1) this morning announced that the USPTO has allowed US Patent No. 18/692,223 covering its core graphene coating technology. The market will read it as a semiconductor story, and fair enough, that is where the company has spent most of its airtime. But in our view, the more interesting part has nothing to do…

ByMarc KennisMay 7, 20260Comments

Consumer

Could a Rolex Beat the ASX? Why Luxury Watches Are Becoming an Investor Asset Class in 2026

Most readers come to Stocks Down Under for ASX ideas, but every now and then a question lands in our inbox that has nothing to do with the share market. The latest: are luxury watches actually a sensible long-term investment, or is the whole idea just a way for collectors to justify another purchase to…

ByMarc KennisMay 6, 20260Comments

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Online casino growth trends and what they signal for long term investors in gambling equities

A familiar scene plays out on earnings calls. A legacy casino operator talks about hotel occupancy and foot traffic, then pivots to app engagement, wallet adoption, and product release cadence. That pivot matters. Online casino now sits at the centre of many listed gambling strategies because it scales differently to venues, and it shifts where…

ByMarc KennisApril 16, 20260Comments