Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market pulled back with global sentiment as central banks remain on sidelines after markets ran up on stimulus hope. The Aussie market today was a reverse of yesterday as miners and gold were up while just about everything else was down. Super markets were seeing some selling pressure as the AHY result read through pointed to danger to low margin high volume businesses in a price war. Central banks are in no hurry to expand stimulus as markets recover. If the markets unwind the expectations of cheap money with negative to weak reporting season in the US, we are going to see a quick pullback….get ready for the next buying opportunity….2016H2 is beginning to look good as rates and growth to remain weaker for longer!!!… (VIEW LINK)


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