Sunset Strip | Aussie market started negative and maintained the trend with below than expected results and negative global lead

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | Aussie market started negative and maintained the trend with below than expected results and negative global lead. The volatility index has come back with recovering currency after US Fed comments. Market has moved from fear to extreme greed in the chase for yield on solid turnover. Telstra joined the group of big large cap companies that have had leadership change in the recent months. The CEO's are telling you that things are not looking good for the next 12-24mths and the government's lack of leadership is not going to change anything. History shows over the past 2 years that strong positive Feb returns leads to negative March returns. The market is being driven by short covering and yield chase. Global long only investors looking for yield are likely to be sitting on the sidelines waiting for RBA to get the currency down to mid to low 70's (i.e. cut interest rates below 2%). (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.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter