Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market was smacked again on the open before making a slight recovery through the day. Global investors continue to rush to the door as ECB throws a spanner in the stimulus cycle and US shows more cracks in the recovery story. The market today was mainly held up by resources….if not we would have fallen by more than 1% today!!! The main big boys that took the market down were Banks and they were taken apart by global investors reducing exposure!!! Interesting moves of the day… (VIEW LINK)