Sunset Strip | Aussie market had a solid positive day on the back of US positive lead and BHP demerger news

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market had a solid positive day on the back of US positive lead and BHP demerger news. Yield thematic is still the main game with low growth macro while selling out of banks and TLS are not the risk weighted move now. Regular readers would know that we suggested trimming banks to market weight and adding BHP, RIO, WOW, WES and TLS at the end of June. Market pundits are pushing to sell Banks and TLS to buy BHP today (now trading just below $40...top of the last 2 year trading band)...but the same pundits were calling for selling BHP at $30 with imminent China crash. We continue to suggest investors to have a balanced view and stick to an equally weighted 3 pillar portfolio (i.e. Financials, Resources and Industrials). Trading idea of the day: Carsales.com (CRZ). Friday's High Risk Pick: Bionomics (BNO). (VIEW LINK) (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.