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Sunset Strip | Aussie Afternoon Institutional Market Wrap

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market resumed belting position and investors were not holding back ahead of the US election. Just about every sector was in the firing line and RBA flip flopping was never going to help sentiment. Our market has delivered negative returns for the 9 out of the last 11 days as... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market took a break from taking a belting as the US futures turned positive during our lunch time. US Fed sat on the hands as expected while BOE expected to follow the no action camp. The macro risk of US elections has been weighing on the market. The market prefers... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market took some punishment today ahead of the US Fed update. The macro risk of US Fed and BOE update before US elections have been weighing on the market. Small caps are down over 10% from the highs while large caps are down over 5%. The recent extra pain in... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market bounced back today after the worst weekly performance for four months. The local market has run into central bank worries, US election uncertainty, rising bond yields and weaker domestic consumer data. This week is all about Central Banks…RBA and BOJ on Tuesday while US Fed and BOE out on... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market started negative before staging a big recovery to positive territory was deflated by the RBA non-action in the afternoon. RBA was never going to cut rates today and the market is back looking at quality value yields. The local market is now eyeing 3rd straight positive week and we... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market fell on the open with Euro bank worries before making a decent recovery to halve the losses for the day. The market delivered second positive week to finish the month/quarter after five consecutive weeks of negative returns. DB was leading the Euro trash worries and this was not the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market popped high on the open with OPEC deal optimism and then kept climbing to deliver a solid positive day. There might be a bit of end of month/quarter window dressing going through as well….with some of the market running off to the long weekend. Interesting moves of the day….... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open in line with US markets before recovering on the Democratic debate win to halve the loss for the day. As with any political polarising debates, this will be analysed with a substantial spin cycle while the equity markets, currency markets and the betting agencies... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market outperformed expectations to deliver a flat day when the rest of the world was stuck in negative sentiment. Aussie market has now delivered five straight positive days…eight positive days out of the last nine. The central banks have now removed themselves from the risk category while the US... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market ripped out another top performance as the positive sentiment builds steam. Aussie market has now delivered the first positive week after five negative weeks. The central banks have confirmed that they are going to remain in current state and play currency war. The market will return to yield... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started in a rush to push through all the trades from yesterday in the open before settling into an up and down day to finish slightly positive and no real sentiment ahead of BOJ and US Fed. Aussie market is holding to the optimism like bulldog but the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and maintained it after solid US sentiment due to weak US data and rate cut outlook for BOE. Aussie market is holding to the optimism like bulldog but the wait is over….the macro deluge started last night. No more need to worry…the next 7 days will... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started patchy with index option expiry on the open before setting up another brave climb to positive territory through the day despite no real US market sentiment overnight. Aussie market is holding to the optimism like bulldog but the wait is over….the macro deluge starts tonight. No more... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

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

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started with a bang after US rebound and then became a fizzer to end slightly negative. The global markets on Friday was hit by ECB back tracking on stimulus outlook and US Fed putting up a unexpected speech on Monday from a dovish speaker. The scare factor with... Show More