Sunset Strip | Aussie Afternoon Institutional Market Wrap
Aussie market started positive on US Fed dovish stance before giving it all up to finish flat as the reality of global growth risk sets into the markets. US Fed has once again cornered itself into inaction till inflation pushes them forwards. Insanity is doing the same thing year after year and expecting a different result. US market underperformed the free kick delivered by Janet Yellen. US markets are due for a profit taking and even FOMC can’t give away enough cheap debt to stop that. The volatility indices in Australia are bouncing off the lows while US volatility index is at very low levels….high risk of profit taking with month-end and quarter-end coming. Time to be patient and pick the time to add more exposure…maintain medium to long term view > long Yield and Gold, short Iron Ore and Oil!!! Now it’s time to stand on the side and watch the US markets flip flop between FOLO (i.e. Fear Of Losing Out) and FOMO (i.e. Fear Of Missing Out)!!! (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...