Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market started positive with global sentiment and continued up to finish very strong. Pretty much everything is going up…currency, commodities, European markets, US markets, Asian markets…even Shanghai Composite is up for now. Super Mario is talking tonight and that should give more clarity into ECB outlook while BOJ still playing chicken with the economy. US Fed update on Thursday morning will be the main show this week. As we wrote at the end of December, Jan was setting up as a profit taking month while Feb was likely to be the time for the recovery run…but it has come early…trading buy signal was triggered at the end of last week as the stimulus hope starts to support market uncertainties. We are closed tomorrow, but the world will go on. Let’s hope the short term optimism carries into the US Fed and they hopefully stoke the fires and not be a wet blanket. (VIEW LINK)