Sunset Strip (Afternoon Report) - Aussie market started negative mainly on big banks going ex-dividend while absorbing the budget implications with lack of...

Mathan Somasundaram

Deep Data Analytics

Sunset Strip (Afternoon Report) - Aussie market started negative mainly on big banks going ex-dividend while absorbing the budget implications with lack of global sentiment. Ukraine continues to move from one set of dramas to another. We continue to worry about consumer sentiment on the back of local unemployment tidal wave coming with rising cost of living pressures while global risks continue to rise in China and Euro with markets expecting stimulus from both regions. As we have been saying, the budget cuts remain a big positive for Equities as corporates were the clear winners while low rates are expected to stay low for longer. Consumer sentiment expected to take a battering while yield stocks and global growth stocks are preferred exposures. (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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