Sunset Strip | Aussie market recovered despite negative global sentiment and flattening housing cycle

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market recovered despite negative global sentiment and flattening housing cycle. Aussie market was up 0.41% with turnover was just below $4.0b. Last day of school holidays, volume better pick up or brokers will have to go back to youtube product testing. Brokers are now pushing rate cut potential...not in that boat yet...it needs to get pretty messy for RBA to cut. Funnily enough the brokers calling for the rate cut don't have an overly negative unemployment outlook. Spot gold popped to $1340 as we have been saying and I would take some off the table. Pick of the day...Southern Cross Media (SXL) heavily sold down to $1.02 on downgrade worries...now that is all done and dusted and it's at cyclical low with M&A upside...going to $1.50...watch this space...media consolidation is coming. (VIEW LINK) (VIEW LINK)


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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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