Aussie market started negative before substantial buying support for the banks came out of the left field and drove the market higher even before RBA came out with a rate cut. It was almost like some big investors knew there was a rate cut coming or were willing to take... Show More
Aussie market started negative and went further negative on global investor selling before pulling back to slight negative on resource sector strength. Westpac lead the banking sector on the update season and it wasn’t pretty. The risk of falling currency and bad debt risk drove global investors to hammer the... Show More
Aussie market started negative and finished negative after pulling back to even on the back of banks. The market was a tale of two cities. Resources maintain the negative sentiment as commodity prices pullback and the Financials were showing strength with Banks and Property Trusts leading the way. Banks are... Show More
Aussie market started negative and remained there as the global market and commodity sentiment turned negative. ECB held fire as they wait for Brexit issues to bite while we wait for US Fed next Thursday. We are going into a short week with fund managers back from school holidays. Aussie... Show More
Aussie market started strong and finished stronger on the back of commodity strength with banks joining the up run. We remain positive on the banks while we remain cautious on the recent leg of the commodity run. The trend is very similar to last year as the seasonality effect and... Show More
MITCH outperformance shows the disparity in the growth outlook of the new economy versus the old economy. Innovation plans by the major parties will deliver improved market sentiment but the cut back in science industry funding and capacity reduction in NBN will slow down the growth of new entrants to... Show More
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
Aussie market had a strong day in line with global markets overnight. The two key risks for the Aussie market in the short term are US reporting season and Commodities. US reporting season so far remains slightly above expectations. But the expectations are for third negative quarter in a row.... Show More
Aussie market started negative and finished negative after making a recovery to flat during the middle of the day. The two main negatives are US reporting season and Commodities. US reporting season risk remain a key negative as this is the third negative quarter according to expectations. Last two negative... Show More
Aussie market flip-flopped between slight positive and slight negative before China growth data helped to push into solid positive territory. China GDP growth matched expectations and was right in the middle of the target band set by the government. If only everything worked so perfectly….like the local unemployment data improving... Show More
