Sunset Strip | Aussie market did well not to throw the baby out with the bathwater after the negative global lead from another solid Oil price drop
Sunset Strip | Aussie market did well not to throw the baby out with the bathwater after the negative global lead from another solid Oil price drop. The index finished back near fair value on long term forward multiples while 10 year bond yields are close to 20 year low levels. History shows that the last time we were at this low bond yield level, the market started a two year bull market run on yield chase. We see positive signal for the market with dividend money from the three big banks and MQG to flow back while the mid-year budget update on Monday could be the circuit breaker. Given the recent bashing, market multiples, bond yield, currency, banks dividends, domestic economy and RBA potential move, we still remain confident there will be a positive run in the second half of December as the institutional investors leave for holidays. (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...