Sunset Strip > Trading Day Wrap From Blue Ocean 20170621

Mathan Somasundaram

Local market ran into a brick wall with weak global sentiment, bond yields and currency. Time to stay on the sidelines and wait for some of the optimism to unravel and pick up the bargains for July recovery. The best performing sectors were Health Care, Utilities and Staples while the worst performers were Miners, Energy and Banks. US Fed talk flipped overnight from stronger for longer to weak inflation worry. Market confused while USD treading water. Market has a big bet on USD strengthening over timeā€¦if the rate hike slows, then there will be an unwind.

Click here for the full report.


Mathan Somasundaram

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...

Expertise

No areas of expertise

Comments

Please sign in to comment on this wire.