Equity Engineer – October 2015 | Christmas rally to start after US reporting season profit taking

Mathan Somasundaram

Deep Data Analytics

Global market outlook: Declining global growth has driven major economies to currency war for a bigger slice of the shrinking growth pie. Markets are getting used to the slowing China, stabilising Euro, risky Japan and below trend growth in US. The global markets had a decent recovery in early October while the US reporting season will test recent optimism. The US Fed continues to support a rate rise in 2015, but the exact time, magnitude and future moves are likely to be heavily linked to domestic economic recovery and global growth slowdown. Market view: We maintain a bullish long term view on the Australian equity market with 12 month index target level of 6100. We expect short term profit taking with US reporting season risk while China releases long term growth plans and the US Fed pushes back rate rise plans to help drive markets higher for a Christmas rally. (VIEW LINK)


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

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...

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