Local market bounced back after Friday’s bashing. Started positive before investors took profit in the last few hours. European markets were negative while US and Asian markets were directionless. China data was stable without being special while local housing data was weak and private credit data was solid. July count sits at 11 up days and 10 down days…in line with our flat outlook for July. Be nimble in August with reporting season ahead...US market profit taking risk remains elevated as economic/fiscal worries weigh on market sentiment!!! End of month exuberance has passed…reporting season ahead!!! The best performing sectors were Metals & Miners, Gold and Energy while the worst performers were Health Care, Telecom and Property. On the sector/stock front….(1) Resource sector looks to be the best exposure into local reporting season while Gold hitting the sweet spot (2) FMG continues to shine on the overall sector and China sentiment (3) KAR bounced on the DEA agreement in Brazil (4) PLS bounced on the quarterly update (5) RSG bounced on the spot gold bounce and Syama update (6) SYR took another hit despite the Cadenza development and service agreement getting finalized (7) Energy costs and strong currency will play big on outlook statements during the reporting season ahead!!!
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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...
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