Sunset Strip > Trading Day Wrap From Blue Ocean 20170324

Mathan Somasundaram

Local market made a solid surprise recovery respite health care changes in US ran into stumbling blocks. Local market was pushed up by Telcos, Banks and Staples while Gold and Industrials were the negative performers. Today’s market performance shows that the underlying driver is still reflation trade and that hold strong even without the Trump factor. US fiscal policy trade > buy the rumor, sell the fact!!! Fantasy runs into reality in execution phase.

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