Sunset Strip > Trading Day Wrap From Blue Ocean 20170518

Mathan Somasundaram

Deep Data Analytics

Local market was smacked on US political woes leading to US fiscal reform delays. Market on stretched valuation was relying on optimism…now it ran into reality of the political risk. There should be no real surprises here…stretched market on too much optimism with very low level of risk priced in…reality was eventually going to hit…global bank sector had already turned negative while commodities have not turned positive yet…Aussie market can’t go higher when banks and resources are negative!!! What could happen in US politics at this point is? Just about anything could happen. Market hates uncertainty…and volatility indices shot up from historical lows!!! Bond yields collapsed with USD and gold popped as investors look for safety on rising US macro risk..

 

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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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