Sunset Strip | Aussie market popped up 0.8% in the morning and then gave it all up

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market popped up 0.8% in the morning and then gave it all up. Market now trading at similar stretched valuations as early July when we went negative short term. The day started weird enough with News Corp taking legal action to block other news media from releasing illegally obtained data about News Corp...the irony in this situation set the tone for the rest of the day. AMA was kind enough to offer a compromise to the government on the co-payment with concessions granted to pensioners and children under certain age...the problem with this suggestion is that the government's revenue model was based on those two categories delivering the bulk of the income...nice one AMA. Clive has not delivered anything today...we'll wait for the next episode of What will Clive do?...who needs Putin!!! Trading idea of the day: Cardno (CDD). Thursday's Thematic 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.