Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market went negative despite positive global lead after it had a reality check with very soft domestic business capex data. By removing the support for the multiple existing manufacturing industries with no new manufacturing coming through, we have left Australia in a manufacturing doom when it’s transitioning from a declining mining boom. RBA will go back to negative bias and likely to cut again for the sake of buffering more negative news over the next 12 months. Government is stuck in election survival mode and have decided to let the economy run on auto pilot. The problem is that we are running out of fuel with our top three export commodities facing falling prices into the next few years with rising supply and falling demand. As an investor in Australian equities, it further supports our view that equities with sustainable high dividend yield (i.e. refer to our SHIELD research page 21) will be the main thematic for the next 12-18 months. (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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.