Sunset Strip | SUMMARY: Aussie market was aimless moving up and down before settling on a slight positive

Mathan Somasundaram

Deep Data Analytics

Sunset Strip | SUMMARY: Aussie market was aimless moving up and down before settling on a slight positive. Greece has not solved the problem, just bought it a few months while Ukraine looks like still in war despite peace treaty already signed with Russia. After number of countries crying wolf, now no one cares about Ukraine. US Fed view out tonight and tomorrow night will be important to set the scene for US rate rise. We have been expecting US Fed to point towards low rates remaining longer and pushback rate rise to Q3. Stock Trends: Short covering will continue to pop stocks like FLT higher. Another stock to keep an eye on with similar potential to pop is WOW. It is expected to announce the result on Friday while over 5% is shorted. Another trend to keep an eye on is the substantial underperformance of the materials index post Chinese New Year in the past 3 years. It make sense to take profit on mining stocks (i.e. including the big miners) in the short term with China cum downgrade. (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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