Sunset Strip | Aussie market gave back most of yesterday's recovery with substantially negative global lead

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market gave back most of yesterday's recovery with substantially negative global lead. We remain of the view that the worst is over for the Australian market with yield/valuation support and currency bouncing. RBA is trying to release the pressure slowly and limit the damage. We continue to feel that RBA is currently trying to curb house prices to leave themselves the option to cut rates in 2015...assuming inflation does not spoil the party. Given the current policy standings and RBA stance, we do not see rates going up in Australia till 2016. Super Mario takes the stage tonight...he will talk, he will promise...but will he deliver...wait and see. Just to keep things in perspective...what the world is spending to fight Ebola in Africa is less than what is being spent in Iraq in just one month.... risk and return are generally easy to understand but never appreciated till it's too late. Trading idea of the day: Henderson Group (HGG). Thursday's Thematic TMT Pick: Telstra (TLS). (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.


Sign In or Join Free to comment