Sunset Strip | Aussie Afternoon Institutional Market Wrap
Aussie market fell on the open before a mid-day bounce ran into more selling. The reporting season is over as far as the market is concerned. We are back into macro madness. There are a few next week but the main course is done as far silly season is concerned. Market is looking forward to the US Fed update from Jackson Hole Wyoming on tonight….or tomorrow early morning to be precise. US Fed is going to talk rate rise potential while keeping the timing vague but the market will get excited and the implied probability is likely to move to 40-50%. 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…BUYING OPPORTUNITY COMING AFTER THE FED PANIC!!! Interesting moves of the day…....…. (VIEW LINK)
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...