Sunset Strip (Afternoon Report) - Aussie market started positive and then pulled back to flat on relatively low trading volume
Sunset Strip (Afternoon Report) - Aussie market started positive and then pulled back to flat on relatively low trading volume. US job data was positive while Putin risk to Euro growth kept global markets down. Market is expecting the May selloff and selling good quality outperforming stocks on any update...WBC and AAD were examples today. Value is emerging with good results driving upgrades and panic selling in other stocks. Banks, Big Retailers and Telstra remain the big cap favourites over Resources. Resources held the market despite negative China data. AQA takeover bid helped the long suffering shareholders. (VIEW LINK)
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...