Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market took a break from taking a belting as the US futures turned positive during our lunch time. US Fed sat on the hands as expected while BOE expected to follow the no action camp. The macro risk of US elections has been weighing on the market. The market prefers certainty and weak government power (i.e. Democrat win with the divided house). Even if we get a Republican win…apart from a Brexit like short term market panic sell and then bounce back…we don’t see a longer term issue as both parties are wedded to similar major policies through their vested interest groups. China data continues to remain strong and we see that continuing into 2017….USD weakness is coming through…positive for AUD and commodities….GET SOME GOLD!!! For the full report….... (VIEW LINK)


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