Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started negative and finished negative after pulling back to even on the back of banks. The market was a tale of two cities. Resources maintain the negative sentiment as commodity prices pullback and the Financials were showing strength with Banks and Property Trusts leading the way. Banks are seeing support into the update and dividend season while property trusts were getting a free kick from government’s support for tax freebies. Central banks are likely to hold fire with Brexit and US Fed in play for June. The commodity price trend is very similar to last year as the seasonality and the China growth booster takes effect. Time to be patient and pick the time to buy-in or add more exposure…maintain medium to long term view > long Yield and Gold, short Iron Ore and Oil. We expect the Fund Managers to lock in the profit from recent bounce before the “May-hem” starts…and we saw early signs of that at the end of last week. (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.