US Presidential Election

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market continues to pop up and down while sentiment remains directionless. Global macro remains uncertain with new US leadership policy settings still murky. Local economic data on labour market shows underemployment remains a big issue while the extra few hours worked moved big numbers of jobs switched from part time... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market popped on the open and fell apart from there to deliver a flat day as sentiment starts to fade on global growth outlook. Local economic data on wages growth showed that we are at historical low levels…slightly ahead of benign inflation…while households are carrying historical high debt and underemployment... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market fell from the open on global macro uncertainty before making a recovery to half the losses. The rising yields, historical high USD and relatively low volatility indices are pointing to high risk of profit taking driven by the US market. The global markets are likely to remain volatile and... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market fell as the sentiment turned negative with waning US election optimism before an afternoon rally reduced the losses for the day. Get used to higher volatility…..it is going to be with us atleast till the early part of 2017. The trend around the world in regards to cutting corporate... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market was choppy all day but finished well in the positive territory to deliver the best week since mid-July. Get used to higher volatility…..it is going to be with us for the rest of 2016. Markets have priced in the optimism from the new US leadership while uncertainty still looms... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market popped on the open to unwind the previous panic losses and then pretty much traded sideways. We are likely to see volatility remain with the global markets on both directions till clarity returns to markets. Clarity remains murky with lack of details on the US fiscal outlook and the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market started on holding pattern and then the pain was unleashed as the votes started to pile up against what the market was pricing in. We are likely to see a few days of panic while the market settles down. We don’t see this being a prolonged negative for the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market was mainly aimless as we lead the world on the bounce yesterday. Global markets are going to stand on the sidelines and see what happens in the biggest election circus of them all. The US election has been ugly and the outlook is for even more mess as we... Show More

SHIELD – Sustainable High Yield | Banks back in fashion

Mathan Somasundaram

Global market worries are all about US presidential election in the short term while Italian referendum and US Fed rates cycle are the next road blocks ahead. The potential end of easing cycle locally and the rate hike in US will support the yield outlook in the Australian banking sector... Show More

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 pretty much kept on falling all day as inflation data removed any faint hope of another rate cut in 2016. The rate cut hope was a fallacy as the last two rate cuts did not even remotely solve the inflation or the currency issue. We are heading into a... Show More