Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market maintained the negative sentiment from last week to deliver another big negative day as banks were hammered. Globally it’s all about the US Fed and what tone Janet Yellen is going to take overnight. We expect to get FOMC chairwoman to become more hawkish than in March and prepare the market for the June hike. We expect a June and a Dec hike in 2016. The world is waiting to see “what the Fed are they going to do?”….option (1) “Return of the Currency Wars”….or option (2) “Interest Rate strikes back”. Big picture logic suggests they should move towards option (2) but vested interest groups and risk averse mentality suggests they are likely to move towards option (1). We will know what the market thinks by the movement in the currency. Now it’s time to stand on the side and watch as US Fed sets the scene for FOLO (i.e. Fear Of Losing Out) or FOMO (i.e. Fear Of Missing Out)!!! (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...

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