In 2025, Australian equities followed a stop-start macro narrative shaped by shifting policy signals and sharp sector rotations. The Reserve Bank of Australia delivered three rate cuts, lowering the cash rate from 4.35% to 3.60%. The lithium carbonate market traced a pronounced V-shaped reversal, and setting new highs.Take a look at the Top 10 Most-Watched Australian Stocks.1. $COMMONWEALTH BANK OF AUSTRALIA(CBA.AU)$: “Safe Yield” Bank Faces Margin RealityIn 2025, Commonwealth Bank of Australia delivered what most global banks would envy: record profits, record dividends, strong loan growth, and pristine asset quality.Yet the share price told a very different story. After peaking near A$192 in late June, CBA entered a controlled but sharp de-rat

As we head into the final stretch of 2025, markets feel restless. Volatility has picked up, rallies fade faster, and every headline seems to question whether the Santa Rally still exists. But stepping back, this does not feel like panic. It feels like transition. After a strong year driven by rate cuts, AI momentum, and returning liquidity, markets are no longer pricing upside blindly. Instead, they are digesting gains, resetting positions, and waiting for clarity. That is why December has been choppy rather than directional. Several forces are colliding at once: Thin year-end liquidity amplifying moves Heavy options positioning influencing daily price action Global macro uncertainty lingering, especially around policy shifts This creates an environment where price behaviour matters more t