agm season

Mathan Somasundaram

Market pulled back with global sentiment after US Fed flagged a step up in their outlook to rate rise. Credit is where credit is due. US Fed has taken a beating from every pundit on the rate of change while history will treat them well as they have achieved their... Show More

Mathan Somasundaram

Market moved up and down like a headless chook before finishing negative on the risk that Chinese stimulus may wane after solid retail and factory data. We are seeing the early stages of friction between the corporatisation of the western fiscal policy rubbing against the authoritarian cohesion of the eastern... Show More

Mathan Somasundaram

Market finished relatively flat despite positive global sentiment from the weekend driven by the Oil deal. Bleeding oil producers and self-interest to get a good price for oil asset sales have finally delivered a supply side response from OPEC and non-OPEC producers. The main game this week is the US... Show More

Mathan Somasundaram

Market built on the early positive run to finish a solid positive day despite a substantially weak GDP data. The weak GDP data, underemployment worries and low wages growth shows the weakness in the local economy despite the strong commodity prices. Beaten up stocks were the best performers again today... Show More

Mathan Somasundaram

Market fell hard from the open on Italian vote going against the government before making a few recovery cycles to finish off the day’s lows. Austrians went with the plan to vote against the far right party while Italians have voted against the referendum to set the scene for more... Show More

Mathan Somasundaram

Market bounced hard today on the back of OPEC deal. The market has been seeing a big portfolio transition over the last few days…smells like global transition portfolios are going through…they have been adding exposure to Banks and Resources. There was a lot of short covering in some of the... Show More

Mathan Somasundaram

Market remains in the land of aimlessness with profit taking the most likely result as EU breakup worries start to take center stage. Market continues to struggle with historically high commodity prices with historically high USD while US rates are going up and US volatility is going down….something has to... Show More

Mathan Somasundaram

Market is flip-flopping between aimlessness and profit taking mode ahead of the EU breakup worries and US Fed raising rates. Market continues to struggle with historically high commodity prices with historically high USD while US rates are going up and US volatility is going down….something has to give and that... Show More

Mathan Somasundaram

Market was back in the aimless mode without mother goose US to set the path tonight. Thanksgiving holiday tonight in the US means the world will be confused tonight. Tomorrow night may also be lacking sentiment in the US as investors would have taken the day off to make the... Show More

Mathan Somasundaram

Market had another cracker day to deliver two consecutive days of above 1% return…last time we had that was in April. The market was on fire once again and it was mainly drive by resources with banks helping out. It is going be interesting to see the US market tonight... Show More

Mathan Somasundaram

Market jumped higher on the back of US market bounce while overall macro concerns remain. There were clear signs that short covering popped the market from the open before rising tide raised all sectors into positive territory. Global macro remains uncertain with new US leadership policy settings delivering contradictory and... Show More

Mathan Somasundaram

Market continues to remain aimless and volatile while delivering a slight negative day. Global macro remains uncertain with new US leadership policy settings delivering contradictory and murky outlook. US market continues to ignore fiscal policy uncertainty, rising yields, stretched valuations and strong currency. Over the last 3 months nearly 50%... Show More

Mathan Somasundaram

Market continues to pop up and down while sentiment remains directionless. Global macro remains uncertain with new US leadership policy settings still murky. Local economic data on labour market shows underemployment remains a big issue while the extra few hours worked moved big numbers of jobs switched from part time... Show More

Mathan Somasundaram

Market popped on the open and fell apart from there to deliver a flat day as sentiment starts to fade on global growth outlook. Local economic data on wages growth showed that we are at historical low levels…slightly ahead of benign inflation…while households are carrying historical high debt and underemployment... Show More

Mathan Somasundaram

Market fell from the open on global macro uncertainty before making a recovery to half the losses. The rising yields, historical high USD and relatively low volatility indices are pointing to high risk of profit taking driven by the US market. The global markets are likely to remain volatile and... Show More

Mathan Somasundaram

Market fell as the sentiment turned negative with waning US election optimism before an afternoon rally reduced the losses for the day. Get used to higher volatility…..it is going to be with us atleast till the early part of 2017. The trend around the world in regards to cutting corporate... Show More

Mathan Somasundaram

Market was choppy all day but finished well in the positive territory to deliver the best week since mid-July. Get used to higher volatility…..it is going to be with us for the rest of 2016. Markets have priced in the optimism from the new US leadership while uncertainty still looms... Show More

Mathan Somasundaram

Market popped on the open to unwind the previous panic losses and then pretty much traded sideways. We are likely to see volatility remain with the global markets on both directions till clarity returns to markets. Clarity remains murky with lack of details on the US fiscal outlook and the... Show More

Mathan Somasundaram

Market was mainly aimless as we lead the world on the bounce yesterday. Global markets are going to stand on the sidelines and see what happens in the biggest election circus of them all. The US election has been ugly and the outlook is for even more mess as we... Show More

Mathan Somasundaram

Market bounced hard on the news that FBI gave a clear run for the market preferred Democrat candidate for the US presidency. Every sector except gold had a bounce but market has ignored three key elements. When it comes to this US election, nothing can be discounted and nothing can... Show More