ASX:SLR

Sunset Strip > Trading Day Wrap From Blue Ocean 20170814

Mathan Somasundaram

Local market had a relief rally as the “War of Tweets” between US and North Korea started to settle down. The weaker than expected US inflation outlook pushed down USD and pushed up AUDUSD. China data showed that we may be closer to the top in the recent commodity run... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170512

Mathan Somasundaram

Local market fell from the start with weak sentiment before making a slight recovery in the back end of the day. US retail data and US CPI data will set the tone for next week…BOE was playing safe while data continues to improve in EU…China is spruiking the “Silk Road”... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170504

Mathan Somasundaram

Local market fell after starting positive and then made a slight recovery to deliver third consecutive negative day. Commodities were smacked overnight and that meant resource sector was always going to be under pressure. Banks started positive on NAB result but then faded into negative territory as market worried about... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170503

Mathan Somasundaram

Local market fell from the start before making a slight recovery to close for second consecutive negative day. ANZ result earlier this week turned the bank sector sentiment and the premium is unwinding. TPM downgrade in 2016 drove the reality check into high PE stocks…will the VOC downgrade be the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170322

Mathan Somasundaram

Local market was smacked down after US market decided to hit the reverse button after optimism was far ahead of valuation. The last time the local market took a worse belting was in Nov 2016. US market moved into second part of “Buy the rumour, Sell the fact” trade as... Show More