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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 fell again on weak sentiment ahead of big macro weeks. The local market has had 3 consecutive negative days and 3 consecutive negative weeks to deliver the worst weekly performance since June. Aussie market looks to be taking the lead and moving lower ahead of the US market pullback.... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market closed mainly flat on a very volatile and choppy day. Aussie market turned out a negative weekly return to break a three straight positive weekly run. Higher oil prices and better inflation outlook from China should help market sentiment, but the markets are concerned about US tonight. We have... 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

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 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 maintains the negative run on “Fed Scare” and closed negative to deliver third straight negative week despite positive sentiment in commodities. The better than expected China data yesterday against weaker than expected US data overnight helped to support commodities. Better commodities drove resource sector higher while yield trade... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell on the open before a mid-day bounce ran into more selling. The reporting season is over as far as the market is concerned. We are back into macro madness. There are a few next week but the main course is done as far silly season is concerned.... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market popped up on strong commodities and then gave it all back before making a slight recovery on resources and utilities. The main sectors driving the market higher today were resources and utilities. DUE carried the utilities sector higher as market fell in love with over 7% yield on... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market popped on the open with global market optimism and then profit taking in banks and weak China data took the market down before recovering banks pushed up the market in the last few hours. The global markets are running on stimulus while multiples are stretched beyond historical levels…but... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market popped on the open on the back of mining sector and then pretty much went sideways on a volatile day. The market saw selling in defensive yields like property, utilities, Telcos and staples while banks and miners were pushing the index into positive territory. These defensive yields are... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market pulled out fifth straight positive day despite weak US lead and BOJ under delivering. That’s 24 positive days out of the last 31 trading days since mid-June and also 3 straight weeks of positive return. This has been a smashing run by the market given that growth has... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market pulled back with global sentiment as central banks remain on sidelines after markets ran up on stimulus hope. The Aussie market today was a reverse of yesterday as miners and gold were up while just about everything else was down. Super markets were seeing some selling pressure as... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market ran up for the first half of the day and then pulled back in the second half to end up with seven straight positive days in a row. Institutional investors will be back next week after school holidays and likely to take some profit ahead of the reporting... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was slaughtered on Brexit while European markets will be road kill as the momentum truck goes through tonight. We can see FTSE pulling back between 15-20% in this down cycle while US is looking at 8-10% down cycle. When market sentiment is shot and they move into freefall,... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market opened positive and then fell apart before recovering during the back half of the day to finish a slight positive with global market sentiment. Market really had no catalyst and was treading water into the weekend. US Fed backflip, Brexit worry for ECB, clueless BOJ and “dumb and... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market fell from the open on global sentiment and finished in the red despite a mini recovery in the middle of the day. The market has now delivered two straight negative weeks and the macro risks next week are likely to keep the trend going. Short week coming up... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market jumped up on US relief rally but lacked any conviction to follow through. The market was on a three day consecutive negative run delivering a fall of 2.5% before today’s bounce. We continue to get solid data from US economy and tonight’s employment data should hold that trend.... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market jumped up on the open with positive global sentiment and then gave up most of it before trading sideways to finish just above the 5400 level. The Aussie market is running out of juice every time it gets to 5400. We see similar issues in the US market... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market bounced as on the back of resource sector due to a slight recovery in Oil and AUDUSD. Since the US Fed started talking rate hike potential, USD has been going up while commodities and AUD has been going down. US Fed continues to deliver a lot of hawkishness,... Show More