Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market popped high on the open before falling back to flat territory and trading sideways with lack of any real sentiment in any direction. The central bank worries are on the sidelines. US presidential debate worries have passed for now. RBA and US Fed speeches coming thick and fast, but no one really cares. AGM season is upon us and the guidance and outlook statements are key for the next few weeks. The yield trade will be back on as central banks sit back and the yield squeeze pulls back. We are in a week with very little macro while local markets are in school holiday low volumes. Federal government has maintains its “turn back” strategy on all their policies as back bench and cross bench pressure takes effect. The best performing sectors were Utilities and Staples while Gold and Energy were the worst. Interesting moves of the day….... (VIEW LINK)