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Mathan Somasundaram

Market gave up pretty much all the bounce we got yesterday on a low volume Melbourne Cup day when Australia goes MIA for a few hours and Victoria goes MIA for the whole day. The first stage of central banks download was done today with BOJ and RBA. As expected... Show More

Mathan Somasundaram

Market pretty much kept on falling all day as inflation data removed any faint hope of another rate cut in 2016. The rate cut hope was a fallacy as the last two rate cuts did not even remotely solve the inflation or the currency issue. We are heading into a... Show More

Mathan Somasundaram

Market popped up on the open with US positive sentiment and then traded sideways and choppy for the rest of the day. There is a bit of macro data out today….China data were solid while Canadian rates update, UK unemployment, US housing starts, US Fed beige book and the third... Show More

Mathan Somasundaram

Market fell on the open with global markets and then made a slight recovery before trading sideways for most of the second half of the day. We see the worries are overblown and the market will work through these short term panic selloffs. Despite the panic today, the local market... Show More

Mathan Somasundaram

Aussie market popped high on the open before falling back to flat territory and trading sideways with lack of any real sentiment in any direction. The central bank worries are on the sidelines. US presidential debate worries have passed for now. RBA and US Fed speeches coming thick and fast,... Show More

Mathan Somasundaram

Aussie market had a solid day up after a bit of volatility in the first hour as central bank worries wane after BOJ update. Aussie market is holding to the optimism like bulldog and the wait will be over tomorrow morning….the central bank deluge is nearly coming to an end…US... Show More

Mathan Somasundaram

Aussie market made a brave climb back to positive territory through the volatile day after the US market gave back all their Monday bounce overnight. There is US Fed worry….but we don’t see that in play as the implied probability is way below 20%. US Fed is unlikely to move... Show More

Mathan Somasundaram

Aussie market was up and down on lack of macro direction and finished a slight positive in line with global sentiment. We are getting to the last few days of the reporting season and the market is looking forward to the US Fed update from Jackson Hole Wyoming on Friday... Show More

Mathan Somasundaram

Aussie market started negative on the global sentiment, weaker results and CBA going ex div before recovering back to flat territory on the back of the resources. The global markets are in a confused state as indices reach stretched valuation levels on low interest rates. The latest weak inflation data... Show More

Mathan Somasundaram

Aussie market fell on the open after banks turned from positive to negative on CBA result before a recovery in the second half of the day erased most of the loses. The market was held up by Health Care and Gold sector while Utilities, Energy and Retail were the main... Show More

Mathan Somasundaram

Aussie market fell from the open for the second day in a row but this time the market has moved to profit taking mode as we have been expecting. We are in the August profit taking cycle ahead of the reporting season. All the positives are in the price while... Show More

Mathan Somasundaram

Aussie market was volatile and delivered a tiny positive with stronger commodities and rate cut supportive CPI. That’s 22 positive days out of 29 trading days since mid-June. As we have been saying for the past week, the CPI data was not going to make much of a difference to... Show More

Mathan Somasundaram

Aussie market moved up on the back of banks despite falling commodities and weak global sentiment. Aussie market today can be explained as a tale of two cycles. Despite the short term profit taking worry, we continue to remain positive on the medium to long term outlook for the equity... Show More

Mathan Somasundaram

Aussie market started negative on commodities pulling back while banks pushed it positive on the back of weak loan data and RBA comments reducing property bubble worry. The Chinese story continues to hit the repeat button as equity markets saw more government backed support while the amount of investments into... Show More