Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market opened negative with global markets before recovering some losses. The market gave most of the China bounce form yesterday to the US fall today. Tomorrow is Friday and investors will not be willing to make big bets on a Friday with heightened market worry. The market worry is all about US now. The US markets are showing signs of potential “Death Cross” rollover in the US reporting season…where 12 monthly MA and 24 monthly MA rolls over 36 monthly MA. We see the risk of a correction in the US but not another crisis. We do see a correction in the US markets in the next 3mths and RBA cutting rates in Q2 & Q3 while remaining positive on the markets due to the substantial premium yield in the offering. Notable moves today were… (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.