Sunset Strip (Afternoon Report) | Aussie market pulled back with global lead over Iraq worries and soft US data

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) | Aussie market pulled back with global lead over Iraq worries and soft US data. Aussie market closed down 0.44% while turnover was just above $6.5b. Today was a solid negative day on very good volume. We see the local market now looking to reduce their exposure and wait for value to return to the market and June to end. Gold stocks had a cracker day today. We moved to a short term sell call on the market till the end of June. | FIFA WORLD CUP WINNER: My pick is for Brazil to beat Argentina in a South American Classico Final. My best hope for Australia is to go out and play attacking football and score a goal against Chile. Spain and Dutch are in a different class to Australia. We have a young side and they will grow through the experience. (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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