sell in may & go away

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

Mathan Somasundaram

Aussie market opened positive on US Fed backflip to keep rates lower for longer and then capitulated into a mess to close flat on Brexit worries. US Fed backflip, Brexit worry for ECB, clueless BOJ and “dumb and dumber” domestic election cycle have now driven the Aussie bond yields as... Show More

Mathan Somasundaram

Aussie market traded choppy and sideways most of the day before a big large cap selloff in the last 90 minutes took the market down 1% at the close. US Fed backflip, Brexit on ECB, clueless BOJ and “dumb and dumber” domestic election cycle has driven the Aussie bond yields... Show More

Mathan Somasundaram

Aussie market was smacked into red on the open and then continued to slide down before making a slight recovery and closing down 2%. US markets were down just short of 2% and UK market was down just over 3% over the last two trading days. Aussie market had a... Show More

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

Mathan Somasundaram

Aussie market started positive with global sentiment before falling apart and then recovering some of the losses at the close. US Fed and RBA on the sidelines will put ECB in focus as Super Mario speaks tonight. This will take an extra dimension as the Brexit vote is in play.... Show More

Mathan Somasundaram

Aussie market was up and down with lack of direction and ended flat. US Fed and RBA on the sidelines will put ECB in focus when Super Mario speaks tomorrow night given the Brexit vote is in play. RBA is stuck between asset bubbles, weak US Fed, irrelevant fiscal policy... Show More

Mathan Somasundaram

Aussie market was positive and volatile before the RBA announcement and then gave up pretty much all the upside as the currency retraced higher as RBA joined US Fed on the sidelines. US Fed lost pretty much any credibility left in the market after turning into “violet crumble” overnight. US... Show More

Mathan Somasundaram

Aussie market jumped up on the weak US job data removing rate rise risk and then gave up some of the gains through the day. US Fed Chair only flagged a rate rise in June/July last week and one negative employment data point should not change the economic picture dramatically... Show More

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

Mathan Somasundaram

Aussie market was hammered again as winter selling season hits the market with third straight negative day. We have not seen three consecutive negative days since late March. Local eco data out today…trade data was better than expected while retail sales were below expectations. Trade data was expected to be... Show More

Mathan Somasundaram

Local market outlook: The Australian equity market is expected to pullback as global and local sentiment fall in the traditional weak local winter season. Australia continues to ignore structural issues after going through 25 years of growth on the back of credit, population and mining boom. The lack of policy... Show More

Mathan Somasundaram

Aussie market was once again aimless trended down despite a bounce in the middle of the data after the strong trade data. AUD and commodity prices are under pressure as USD strengthens. The Aussie market continues to run out of juice around 5400. We see similar issues in the US... Show More

Mathan Somasundaram

Aussie market was aimless and traded around 5400 before finishing slightly higher. Why we remain negative short term (1) US Fed confirmed rate rise in June/July (2) US and Aussie market multiples are stretched (3) Volatility indices in US and Australia are at historical low levels (4) US corporate growth... Show More

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

Mathan Somasundaram

Aussie market jumped up on the open on global sentiment and then gave it up and more to be in the red before making the grind back to slight positive day by the close. The Aussie market is running out of juice as it gets close to 5400. Similar to... Show More

Mathan Somasundaram

Aussie market jumped up on the open with solid global sentiment and pretty much remained there for the rest of the day. Commodity prices were also stable and helped drive the market higher. The market is again testing the valuation stretched 5400. The market is unlikely to break above 5400... Show More

Mathan Somasundaram

Aussie market delivered another negative day with weaker global markets and commodities. The market made a mid-day recovery but the comments from RBA governor regarding inflation target and property bubble worries pulled the market back down. We finished below the 5300 psychological level while currency is now below 72 cents.... Show More

Mathan Somasundaram

Aussie market was hammered on weak global market and commodities sentiment. After the recent China data showed that the Q1 sugar hit to boost growth was beginning to dissipate and the commodities were sitting on speculator support. Commodities were falling overnight like “election promises”. Iron Ore futures are now one... Show More

Matt Felsman

A well-known trading adage that warns investors to sell their holdings in May to avoid a seasonal decline in equity markets. While March and April are normally positive months for Australian equities, May and June are the two worst months of the year, with an average fall of more than... Show More