Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market started slightly positive before pulling back to negative territory and reverse yesterday’s performance almost sector by sector. The resource stocks were the only real positive performers with Gold stocks leading the way as USD weakens. Unlike the last few days the market big moves on result were all on the negative side as the industrial took centre stage. Industrials ex Financials are trading at historical high multiples that allow very little room for error. WARNING > The historical high multiples of the Industrials Ex Financials are attracting profit taking with any sign of weakness compared to the market expectations. Even a solid result that exceeds expectations on stretched multiple is only seeing slight upside at best while any miss will see substantial profit taking for a few days. Interesting moves of the day…....…. (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...

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