Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started negative before having a decent relief rally. Brexit has shaken things up in the market and it will remain negative short term for UK and Euro. UK will now move into leadership transition in the ruling party and the main opposition. The leadership change will take a few months while EU wants to move on the divorce proceedings ASAP. EU will inevitably have to defend the union by making any deal less positive for UK to limit the contagion effect. We continue to see markets chasing yield as bond yields fall back to historical low levels and growth starts to grind lower. Australia still looks attractive for investors on growth to risk outlook as RBA still holding relatively high cash rate. Global markets have moved into pullback mode with US and Euro indices leading the way….stand a side, watch and pick off quality small caps and good discounted yield plays when the market throws the baby out with the bath water!!! Never miss a good crisis!!! (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.