Sunset Strip > Trading Day Wrap From Blue Ocean 20170413

Mathan Somasundaram

Local market fell from the start and stayed down as commodities slide started to weigh on markets. Yen trade continues to hammer the Japanese markets…but the global investor flow out of Japan to Aussie banks are beginning to slow down. It is the last day of trading before we go into a four-day long weekend…investors do not want to leave global markets open to US/Russia/Syria/China/North Korea for that long…as expected profit taking hit us and likely to play out globally. US volatility index bounced hard in the US over the past few days…Australia will follow soon…time to be patient in uncertainty.

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About this contributor

Mathan Somasundaram

Mathan Somasundaram

Market Portfolio Strategist, Blue Ocean Equities

2017 - Now > Blue Ocean (AUS) > Market Portfolio Strategist 2012 - 2017> Baillieu Holst (AUS) > Head of Strategy, Quant and Data Analytics 2009 - 2012 > Bell Potter / Southern Cross (AUS) > Head of Quant and Data Analytics 2007 - 2009 > LIM...

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