Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Sunset Strip | Aussie market let some steam off the recent run up after weak construction data and ECB delivering more talk and less action again

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market let some steam off the recent run up after weak construction data and ECB delivering more talk and less action again. Despite every broker calling for a rate rise in 2015 last month, everyone is now jumping over each other to be biggest interest rate bear by calling for the earliest and the biggest RBA rate cut in 2015. We maintain our view from three months ago that we expect 25-50 bps rate cut next year. Despite the short term government risk with tax white paper, financial sector inquiry and mid-year budget update expected in the next few weeks, we turned positive as the market bounced off fair value (i.e. on Monday's close) after pricing in very low growth outlook. History shows that Discretionary retail stocks get hammered every time RBA starts its rate cutting cycle. Given the market outlook change to rate cut, better take profit on any domestic discretionary retail stock. (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.