Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started with a bang and then fell apart before recovering to close positive in line with global sentiment. Market getting over Brexit as central bank intervention is inevitable. Brexit will add to already declining global growth and that will flow into lower interest rates low for longer and more central bank stimulus. Yesterday we changed from being cautious observer to staggered buyer of the market…..three day rule for panic selling. Market sentiment has changed as we saw a number of beaten up stocks were bouncing substantially on no news. It was also very positive to see the market up on a day despite large number of REITS, Infrastructure and Utility stocks going ex-div and substantial selling to fund raisings from MYX and VOC. Time to buy banks, telcos, health care, resources, tech, gold and don’t hesitate to look at the small cap industrials!!! (VIEW LINK)

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 30 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.


Sign In or Join Free to comment