Sunset Strip | Aussie market was back on the positive run with solid global sentiment
Sunset Strip | Aussie market was back on the positive run with solid global sentiment. Aussie yield stocks continue move up while the miners remained in the positive territory despite falling Iron Ore and China property worries. We continue to feel that RBA is currently trying to curb asset prices (i.e. house prices, equity markets etc.) with inflation under control, so that they can cut rates in mid-2015 to stimulate a stagnant domestic economy. Beware brokers pushing Christmas retail recovery....Santa has gone online with Treasurer planning to deliver a Christmas Grinch mid-year budget review in mid-December to stamp down any consumer sentiment left standing. Food and experience related retail will continue to do well....RFG looking to take over Gloria Jean....now there is a growth story with global options...other global growth retailers DMP, KMD and BRG are worth a look as well. Trading idea of the day: CarSales.com (CRZ). Friday's High Risk Pick: Bionomics (BNO). (VIEW LINK)
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...