Sunset Strip | Aussie market had another decent positive day on low volume with no real global sentiment

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market had another decent positive day on low volume with no real global sentiment. We suggested clients should buy back into the market on Monday 11th morning after the pullback with Russia retreating and markets beginning to show value. We do not expect a rate cut while we expect local economy to get worse before improving. RBA has always expected this scenario to eventuate and will remain cautious. If you live in Sydney, get ready for more traffic, more toll gates and cost blow outs...just think of all the great road projects we have had in Sydney. Developers to make the money and the rest of us will pay for years....buy some LLC. Trading idea of the day: Carsales.com (CRZ). Monday's Macro Stock Pick: Flight Centre (FLT). (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...

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