Sunset Strip | Aussie Afternoon Institutional Market Wrap
Aussie market finished slightly positive after moving up and down with real lack of any strong sentiment. The ECB move was supposed to deliver the push for global markets after Super Mario went all guns blazing. The problem was the underlying data showed that things are getting worse and the stimulus will take a lot longer to deliver any returns. We are expecting more Chinese key data points and comments from PBOC on the weekend. Retail should hold up, but jawboning from PBOC will be interesting after they pushed up the Yuan peg. US Fed next week is the main game. Market is not pricing in a rate rise. Time to be patient and pick the time to add more exposure…maintain long Yield and Gold, short Iron Ore and Oil!!!! (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Over 30 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 CEO at Deep Data Analytics (www.deepdataanalytics.com.au) which is an integrated data analytics driven investment strategy service provider.
13 topics
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The 7 zombie companies lurking on the ASX 300
Livewire Markets
Education
Warren Buffett’s 25 biggest mistakes – and 4 lessons they teach
Leithner & Company Ltd