Sunset Strip > Trading Day Wrap From Blue Ocean 20170512

Mathan Somasundaram

Deep Data Analytics

Local market fell from the start with weak sentiment before making a slight recovery in the back end of the day. US retail data and US CPI data will set the tone for next week…BOE was playing safe while data continues to improve in EU…China is spruiking the “Silk Road” project. The best performers were Gold and Metals & Miners while Discretionary Retail, IT and Health Care were the worst performers. Consumer spending recession ahead…more tax, higher energy costs and higher cost of borrowing…retail and property outlook has substantial downside risk ahead…budget touched everything to make the claim they tried but reality is that there was no real substantial change done!!! Bank sector has more downside risk than upside…(1) stretched valuation (2) rising cost of funds (3) low credit growth (4) housing bubble (5) bank tax likely to increase over time (6) trading ex div (7) usual global hedge fund scare story time for shorts in Aussie banks (8) Aussie consumers in declining disposable income outlook (9) local monetary and fiscal policy running out of ideas (10) Canadian banks were downgraded by rating agency on housing bubble risk.


Click here for the full report...




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.