Sunset Strip | Aussie Afternoon Institutional Market Wrap
Aussie market delivered a positive day in line with global sentiment and broke above the past week’s trading band. Time to BUY Banks (NAB, ANZ), Telecoms (TLS, SPK, AMM, VOC, MTU) and Healthcare (ANN, CSL, RHC, SRX)…Banks expected to outperform Big Miners short term…more return than risk now!!! Top 10 reasons to buy into the market…(1) Bond Yields recovery looks to be over (2) Banks are trading ex div and capital requirement risk in the price (3) Market has already pulled back to our yield weighted market fair value level of 5600 (4) Budget fantasies are out of the way (5) Market unlikely to expect RBA to make any moves for a few months (6) US rate rise expectations have been pushed back (7) Europe is showing signs of recovery (8) Greece is showing signs of negotiating with EU with asset sales (9) AUDUSD recovery looks to be over (10) Everyone wanted the selloff and we have had it. (VIEW LINK)
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...