Sunset Strip | Aussie market closed negative but did well not to take another bashing in line with global lead

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market closed negative but did well not to take another bashing in line with global lead. Turnover was just above $5.8billion. Now the market is beginning to think about not getting a rate cut for a few months or may be after the budget? Will the current market multiples be supported if that happens? As we have been saying since the end of Feb that the yield differential and valuation multiples suggest that we will see profit taking in March. The next phase to keep in mind with US rate rise risk is the capital outflow risk to emerging markets. If we see that happening, then the emerging markets will be forced to put up rates to keep capital and that will have detrimental effects on their growth outlook and their demand for commodities. Let's not ignore Euro mess with Greece and Russia still playing hide and seek. Given our exposure to commodities and yield thematic, time to buckle up...this may get messy short term!!! (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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.