Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Deep Data Analytics

Aussie market pulled back after an opening pop before making a slight recovery to finish negative. The global markets are in a confused state as indices reach stretched valuation levels on low interest rates while FOMC update overnight was clear as mud. We remain of the view that FOMC missed their chance to raise in March and have been chasing their tail ever since. Weak GDP and inflation data means that they will wait for the next quarter to confirm data and the election cycle before moving….i.e. Dec is the only hope and that assumes that nothing else goes wrong in the meantime. The weak inflation data on top of the weak GDP data means that FOMC will not be moving in Sep despite jawboning by Fed presidents and strong Job market in the US…IT PAYS TO TAKE ON THE FED!!! Interesting moves of the day…....…. (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.