Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started the new month with a ‘rate cut” hope driven positive day despite negative US lead. The market was reacting like someone in the know was warming the market for the rise despite no real data or commentary to back it. If the argument is the falling commodity prices, well it’s bounced and we have better than expected China PMI. If the argument is unemployment, the last set of data supposedly showed a bounce. If the argument is about the budget, the government is expected to deliver a family friendly growth budget. But the reality is that no one really things the unemployment improved, commodity prices are going up or the budget is going to do anything much at all. The fact of the matter is that we are stuck in a low growth abyss while unemployment, debt and costs are going to keep going up for consumers sitting on record household debt. As long as you think your assets are worth a lot, the balancing act makes sense. (VIEW LINK)

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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