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Sunset Strip > Trading Day Wrap From Blue Ocean 20170901

Mathan Somasundaram

Local market bounced on positive global sentiment before running into profit taking ahead of the long weekend in the US. The global market sentiment improved with solid economic data from China, US and Canada while Japan data supports accommodative BOJ stance for the medium term. The non-farm payroll data will... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170811

Mathan Somasundaram

Local market was smacked down from the open on geopolitical risk…even the slight recovery after the morning fall withered away in the afternoon. DOW down over 200 and NASDAQ was snapped 2%. Safe haven investing was in play as bonds and gold bounced while equities were on the chopping block.... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170810

Mathan Somasundaram

Local market fell back into negative territory in the afternoon as global investor support for the banks ran out. The local market has gone nowhere in the last 2 months…23 up days and 22 down days. RIO going ex div weighed on the materials sector. Property sector giants in SCG... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170529

Mathan Somasundaram

Local market ran into some pain as market sentiment was low as major markets are closed tonight. US, UK and China were closed. Market Outlook likely to remain volatile in the short term with macro risks while medium to long term view remains positive. Given the recent US retail/housing weaker... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170317

Mathan Somasundaram

Local market closed slightly positive while sentiment remains weak. Gold outlook continues to improve with rising macro risk and weakening USD. Can the underperforming fund managers miss the third cycle in 12mth? FOMO in gold coming!!! Globally central banks are all talking about better inflation and potential rate rise in... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market started positive and then got hammered on bank selling before crawling back to a slight positive close. Save some gun powder as the market is likely to pull back in the first half of March unless RBA steps up and cuts interest rate proactively in March. We expect... Show More

Sunset Strip | Aussie market held a relatively flat day despite negative global sentiment and weak commodity prices

Mathan Somasundaram

Sunset Strip | Aussie market held a relatively flat day despite negative global sentiment and weak commodity prices. Predicting retail recovery in an environment of falling real wages, rising unemployment and rising cost of living is fraught with danger. We see a very likely scenario where RBA will be forced... Show More

Sunset Strip | Aussie market continued the positive sentiment and delivered a small positive in line with US markets

Mathan Somasundaram

Sunset Strip | Aussie market continued the positive sentiment and delivered a small positive in line with US markets. We continue to feel that RBA is currently trying to curb asset prices (i.e. house prices, equity markets etc.) with inflation under control, so that they can cut rates in mid-2015... Show More

Sunset Strip | Aussie market was belted on geopolitical risks and we expect global markets to react the same way tonight

Mathan Somasundaram

Sunset Strip | Aussie market was belted on geopolitical risks and we expect global markets to react the same way tonight. We suggested clients should take profit on Monday 4th morning due to stretched valuations, falling sentiment, rising geopolitical risks and lack of marginal buying support in the market. Rather... Show More

Sunset Strip | Aussie market pulled out a small positive day despite the lack of strong positive global sentiment

Mathan Somasundaram

Sunset Strip | Aussie market pulled out a small positive day despite the lack of strong positive global sentiment. The recent strong China market performances on the back of improving data are buffering the global macro risk. Brokers are now pushing the concept that there may be a rate cut... Show More

Sunset Strip | Aussie market continues to defy the pessimist and hold up despite global negative sentiment

Mathan Somasundaram

Sunset Strip | Aussie market continues to defy the pessimist and hold up despite global negative sentiment. The longer the market holds up the bigger the pinch on fund managers sitting on the sidelines...you know you want to get back in...it is a matter of time....fund managers need performance and... Show More

Sunset Strip | Aussie market fell on geopolitical issues in line with global lead before making a complete recovery to close slightly higher

Mathan Somasundaram

Sunset Strip | Aussie market fell on geopolitical issues in line with global lead before making a complete recovery to close slightly higher. Aussie market was slightly positive 0.17% with turnover was just above $4.6b. Banks finally broke away from the Financial Sector Inquiry's ASADA type bomb throwing. Spot gold... Show More