Afternoon report with the Australian market aimless as the US was shut for President's Day:
- Local market was aimless with US shut for President’s Day while China stimulus keeps commodities strong.
- The result updates were mainly driving profit taking for the likes of SIV, IGO and ACX while MND and GXL were the clear positive standouts.
- There won’t be a real surprise that BHP will have a cracker result…miners are on an upgrade cycle and soon to be talking dividend surprise!!!
- US Fed updates are in play for the next month (1) Minutes from last month’s FOMC meeting will be released on the 22nd (2) FOMC’s next meeting on 14/15th March.
- Mining Services sector remains best exposure to resource sector recovery story with the unexpected commodity cycle recovery in 2016 to show solid cashflow in miners and support better capex outlook.
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2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...
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