Sunset Strip | Aussie Afternoon Institutional Market Wrap
Aussie market started negative on commodities pulling back while banks pushed it positive on the back of weak loan data and RBA comments reducing property bubble worry. The Chinese story continues to hit the repeat button as equity markets saw more government backed support while the amount of investments into start-up’s and IPO pipeline shows more risk to come in the Chinese equity markets. We should hear about rate cycle update from Canada tonight and NZ/EU tomorrow. These central banks should help clear the argument for RBA rate cut as the employment and retail data weakens into 2016. Commodities are on the slide again and we find it hard to see Iron Ore settle above $60 and Oil above $35 over the short to medium term. Time to be patient and pick the time to add more exposure…maintain long Yield and Gold, short Iron Ore and Oil!!!!...... (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...