Sunset Strip > Trading Day Wrap From Blue Ocean 20170621

Mathan Somasundaram

Deep Data Analytics

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 time…if the rate hike slows, then there will be an unwind.

 

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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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