Sunset Strip | Aussie Afternoon Institutional Market Wrap
Aussie market delivered third straight positive day as DOWJONES popped over 600 points (i.e. 3rd best day ever!!!). We turned cautiously positive when the market opened up with a big sell on Tuesday and the market fell to long term fair value. This valuation support level has held for the past 3 years and we see no reason why it will fail now. Then the PBOC removed support for the Shangbang and delivered stimulus for the local economy yesterday. Today PBOC has once again injected the local economy with more cash to improve liquidity and reduce borrowing costs. Shangbang popped up 5% in the last 30min…DON’T FIGHT THE PBOC!!!The market is now showing value and the risk/return points to buy time…quality yield stocks in low growth outlook will deliver over time…global investor pain can be local investor gain…stay nimble…momentum building, fear subsiding and FOMO next!!! (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...