Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market moved up and down and finally finished mainly flat. There is enough negative news that can derail optimism in early March. The currency is holding up like a rock and we will need RBA to move on rates to get that down. It’s time to buy some gold and increase cash levels as markets are likely to slide down in the first half of March before bouncing back in the back half of March after US Fed leaves the rates unchanged. RBA can change this dynamics by moving on rates in March, but history shows they will not be proactive......…. (VIEW LINK)