Sunset Strip (Afternoon Report) - Aussie market saw some pain with plenty of red paint on negative China sentiment

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) - Aussie market saw some pain with plenty of red paint on negative China sentiment. China property bubble worries and Iron Ore dropping to $100.7 made the market run for the exit. We continue to worry about consumer sentiment on the back of local unemployment tidal wave, rising cost of living pressures and budget uncertainties while global risks continue to rise in China and Europe with markets hoping for stimulus from both regions. As we have been saying over the past few months, the budget cuts remain a big positive for Equities as corporates were the clear winners and low rates are expected to stay low for longer. Equities is the only game in town and Yield is the only thematic that needs attention. WARNING SHORT TERM TRADERS - 15 REASONS TO TAKE PROFIT FROM MAY 15th. (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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