us reporting season

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

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

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

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

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

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

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

Mathan Somasundaram

Market was once again taken to the cleaners as investors ran for safety ahead of the US market profit taking and central bank download next week. Aussie market looks to be taking the lead and moving ahead of the US market pullback. The substantial part of the downside risk is... Show More

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

Mathan Somasundaram

Market popped up on the open with US positive sentiment and then traded sideways and choppy for the rest of the day. There is a bit of macro data out today….China data were solid while Canadian rates update, UK unemployment, US housing starts, US Fed beige book and the third... Show More

Mathan Somasundaram

Market ran up for the first half of the day on better risk appetite and stronger currency before spending the second half trading sideways. The data continues to support US Fed rate hike while US Fed commentary remains mixed between slightly hawkish to slight dovish. The US reporting season had... Show More

Mathan Somasundaram

Market closed negative ahead of a raft of macro data and US reporting season worries. The data continues to support US Fed rate hike while China data remains robust. The US reporting season had a good start with financials and that may continue with better rate cycle outlook. The local... Show More

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

Mathan Somasundaram

Aussie market finished slightly in the black after flip flopping all day. The commodities were stable overnight, but have started to show weakness as Chinese markets are down 3%. AUDUSD is now below 74 cents and RBA data points to more rate cuts coming. The economy is weak despite the... 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

Mathan Somasundaram

Aussie market started negative before substantial buying support for the banks came out of the left field and drove the market higher even before RBA came out with a rate cut. It was almost like some big investors knew there was a rate cut coming or were willing to take... Show More

Mathan Somasundaram

Aussie market started negative and went further negative on global investor selling before pulling back to slight negative on resource sector strength. Westpac lead the banking sector on the update season and it wasn’t pretty. The risk of falling currency and bad debt risk drove global investors to hammer the... Show More

Mathan Somasundaram

Aussie market started negative and finished negative after pulling back to even on the back of banks. The market was a tale of two cities. Resources maintain the negative sentiment as commodity prices pullback and the Financials were showing strength with Banks and Property Trusts leading the way. Banks are... Show More

Mathan Somasundaram

Aussie market started negative and remained there as the global market and commodity sentiment turned negative. ECB held fire as they wait for Brexit issues to bite while we wait for US Fed next Thursday. We are going into a short week with fund managers back from school holidays. Aussie... Show More

Mathan Somasundaram

Aussie market started strong and finished stronger on the back of commodity strength with banks joining the up run. We remain positive on the banks while we remain cautious on the recent leg of the commodity run. The trend is very similar to last year as the seasonality effect and... Show More