Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market gave up Friday’s bounce and more before recovering to reduce the loss after negative global lead. Conspiracy theorist may say there was some window dressing on Friday for the month end performance before the money flowed out again. The RBA meeting tomorrow will be a fizzer as RBA is unable to move with property prices at bubble level in the two key cities. June is the tax loss selling month and the dogs will see more selling pressure in the early part of the month. Just to keep the water muddied, S&P will announce index changes on Friday as well. Greece default on the other hand is not in the short term interest of the Greeks or EU and thus the game theory suggests that we will have a deal in the end. Chinese markets are up nearly 5% now on stimulus hope. There are some big risks in the Chinese markets at the current pace. (VIEW LINK) NEXT EDITION ON 5th JUNE > ON A MARKETING TRIP AROUND VICTORIA