Sunset Strip > Trading Day Wrap From Blue Ocean 20170602
Local market ran up on strong US data at the open then traded sideways for the second half of the day. Market flipped on recent trading trends and bought into both major sectors…banks and miners did well today. The best performers were IT, Staples and Miners while Utilities, Gold and Energy were the worst performers. Markets will be keeping an eye out for tonight’s non-farm payroll data out of US. So far all the trend suggests a solid non-farm and that should clear the way for US Fed to raise rates in two weeks
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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...