Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market jumped off the starting block with solid global sentiment and then gave up some of the optimism as the day went on. The move today was not really a surprise given that bargain hunters were buying over the past two days despite Chiquities being on the nose. US Fed meeting starting tonight will have big effect on the near term movement of the market, but we feel that they will continue their rhetoric of saying not much while pointing to global growth issues and strong currency. Short term we see Big Miners and Big Energy stocks to benefit from a switch out of Big Banks. We maintain our positive reporting season trade in the gold sector due to the solid margin/global risk play (i.e. buy now and sell into the result). Despite the market strength of late, reporting season risks and US Fed meeting will keep the market on...stay nimble!!! (VIEW LINK)


MORE ON



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.