Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market delivered a solid positive day on the back of the banks, health care and staples while commodities risk did not take down resources as much as expected. That’s 13 positive days out of 17 trading days in July. The Aussie market was mainly driven by the rate cut outlook. The rate cut outlook flowed through yield trade to financials, currency trade to health care and consumer trade to retail and staples. WOW was the big performer after the restructure update as short covering ran the stock up on short squeeze. We get local inflation data on Wednesday, US Fed meeting update on Thursday, BOJ update on Friday and EU economic update on Friday night. Risk management suggests trimming high risk growth stocks that have performed well going into reporting season.…. (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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