Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market held up against the negative global sentiment to deliver a positive day despite weaker commodities. The strong US retail data weak China data on the weekend should have driven the market negative, but investors are looking at more China stimulus as in 2015. The latest Steel data out of China shows record production in a weak market. The recent commodity strength will gradually weaken with the data out of China. There is a lot of macro data update this week on the local and global front. Central Banks are at the front of mind as RBA minutes out tomorrow, US Fed minutes on Wednesday and ECB on Thursday. Domestic data of importance is the monthly ABS employment “fantasy” update on Thursday. It could be just about anything. As the market pulls back slightly, buy into the market while everyone else is scared!!! FOMO will come after this pullback as rates are going to remain low for longer than market expects!!! (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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