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Sunset Strip | Aussie market remained negative with falling Iron Ore and US market sentiment post ECB move

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market remained negative with falling Iron Ore and US market sentiment post ECB move. We continue to be negative in the short term as the markets have run too far ahead of valuation, rising geopolitical risks, China tightening, stocks going ex div, escrow shares taking marginal buying and ECB delivering nothing new for now. Iraq looks certain to see substantial war...against who is the question being worked out. Putin continues play games with EU by shadow ceasefire to delay any NATO move. Super Mario once again delivered a lot of talking and promises but not a lot of detail. If the US non-farm payroll data comes out weak, we may see some red around the world to start next week. Trading idea of the day: Breville (BRG). 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...

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