Sunset Strip | SUMMARY: Aussie market was again volatile early before pulling out another positive finish despite some large cap stocks like TLS going ex div

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | SUMMARY: Aussie market was again volatile early before pulling out another positive finish despite some large cap stocks like TLS going ex div. Euro and Middle East will remain a mess and source of risk for global markets for years to come. Recent steps have made them less of an issue than they were a week ago. US Fed allowed the markets off the hook by announcing that rate rise is few months away as we expected. We have been expecting US Fed to point towards low rates remaining longer and pushback rate rise to Q3. The volatility index has come back substantially while the currency is now pushing close to 79 cents. Market has moved from fear to extreme greed in the chase for yield and short covering in recent days. Over the past 2 years that strong positive February returns leads to negative March returns while Mining stocks have seen profit taking in March since the China GDP growth outlook fell from 10% in late 2010. (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.