Sunset Strip | Aussie market continues the Santa rally in line with global lead
Sunset Strip | Aussie market continues the Santa rally in line with global lead. Market has bounced post US Fed comments and over $8b worth of dividends flowed back into the market....albeit on low holiday volume. AUDUSD recovering after getting to 81 cents recently while volatility index has dropped from just below 18 to mid 13. Yield trade is back on given the substantial yield premium from equities compared to interest rate level. TLS trading $6.02 today says it all...going higher...$6.40 is our target ...pessimist are turning optimist. It is very hard to see interest rates in any stable developed economy going above 3% till 2017. Ride the optimism into 2015!!! (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...