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Mathan Somasundaram

Aussie market was hammered on weak global market and commodities sentiment. After the recent China data showed that the Q1 sugar hit to boost growth was beginning to dissipate and the commodities were sitting on speculator support. Commodities were falling overnight like “election promises”. Iron Ore futures are now one... Show More

Mathan Somasundaram

Aussie market started strong and then pulled back before a late recovery to end a decent positive day. The market valuation looks stretched at 5200-5300 and the two main sectors (i.e. banks and miners) seem to run into a brick wall. The two key risks for the Aussie market in... Show More

Mathan Somasundaram

Aussie market started positive on US Fed dovish stance before giving it all up to finish flat as the reality of global growth risk sets into the markets. US Fed has once again cornered itself into inaction till inflation pushes them forwards. Insanity is doing the same thing year after... Show More

Mathan Somasundaram

Aussie market started negative and then moved further negative as China came online to finish in the red. The markets are seeing exhausted buyers and excited sellers. Aussie market has been trading sideways for more than two weeks and looks to be rolling over on low turnover. We have two... Show More

Mathan Somasundaram

Aussie market started negative and closed even more negative despite recovering in the middle of the day with latest inflation data. The main game is all about the rate cycle outlook from US Fed in the morning. The local inflation data had something for everyone and nothing in terms of... Show More

Mathan Somasundaram

Aussie market flip flopped between China stimulus, NZ deflation worry and falling local consumer sentiment before Chinese market selloff and falling US market futures really took the market down south. The worry about US market was clear to see today as the selling came in hard in the last few... Show More

Mathan Somasundaram

Aussie market opened on positive sentiment and then was further supported by the job vacancy data before the Chinese trade data set the rocket under the market. We saw a lot of short covering as the volatility index reached stretched levels and further boosted the market performance today. The positive... Show More

Mathan Somasundaram

Aussie market maintains the negative mode as it remains under the global investor selling pressure with currency getting down below 71 cents before bouncing. During the holiday period, the lack of buying support from insto land means that any selling pressure from the global investors looking to reduce market exposure... Show More

Mathan Somasundaram

Aussie market continues to defy pessimist and delivered 9th straight positive day since the middle of December on relatively low turnover and positive commodities sentiment. The last time the market had more than 9 consecutive positive days was in February 2015 when the market had a big run up to... Show More

Mathan Somasundaram

Aussie market delivered 6th straight positive day on better commodity prices and stronger currency. The low turnover day showed that retail investors were in charge and global investors were on the sidelines. The last 3 years of daily returns show that there is just over 2% probability of getting more... Show More

Mathan Somasundaram

Aussie market ran up nearly 2.5% on global sentiment and commodities seeing some support before the US Fed update. The main game remains the US Fed move tomorrow morning and the rate rise is almost certain while the attention will be all about their outlook for the next few years.... Show More

Mathan Somasundaram

Aussie market started negative on global sentiment and falling commodities before making a short lived recovery on the back of banks, BHP and STO. Bargain hunters and short covering saw Energy stocks and Miners bounce, but we don’t see that lasting too long. Banks bounced on better than expected decline... Show More

Mathan Somasundaram

Aussie market took ran into another profit taking from global investors as the currency risk turned up again. AUDUSD is holding up like the All Black forward pack despite everything looking negative. RBA has now resorted to telling the market to not trust the forecasts in order to drive uncertainty... Show More

Mathan Somasundaram

Aussie market started negative and then muscled its way back to positive with Resources leading the charge. It felt like someone was undoing yesterday’s performance…sector by sector…or am I getting that “Back to the Future” feeling on Oct 21st 2015. The market now pricing in US rate rise pushed back,... Show More

Mathan Somasundaram

Aussie market started negative and recovered on the back of the banking sector rebound after WBC moved to raise rates and raise capital. The housing boom cycle has now well and truly moved from denial to fear. Banks are moving to protect themselves and the property investor’s better take notice.... Show More

Mathan Somasundaram

Aussie market Turn-bull and recovered more than yesterday’s losses with global sentiment while US Fed meeting hovers over global financial markets. History shows that US Fed will only update on Friday, but we are hoping that they put the global markets out of their misery a day earlier. Markets are... Show More

Mathan Somasundaram

Aussie market recovered from early losses after the weak economic growth rate drove rate cut outlook. The global risk at the moment is multi facet with China and US leading the pain factor. Why are we positive (1) market back to long term fair value multiple support level it has... Show More

Mathan Somasundaram

Aussie market delivered another positive day despite futures pointing to a negative day at the open. As we wrote on the “Morning Strip”, we expected the negative day to turn positive as market started to look past the short term worries and paid more attention to long term dynamics in... Show More

Mathan Somasundaram

Aussie market started with a pop and maintained it through the day despite Shanghai Composite trading down 5% before recovering to be up 1.6% at our market close. Shanghai Composite was down over 11% in less than 24 hours before recovering. If you are an outperforming Chinese fund manager, you... Show More