Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market started negative in the first hour before a decent recovery to half the losses through the day. We see the worst of the Brexit selling is done while the risk remains as UK and EU start a prolonged slow path to separation. As with any break up, it won’t be fair or quick or clean. We have turned from being cautious observer to staggered buyer of the market after three days of panic selling. Now it’s time to accumulate quality small caps and discounted quality yield plays after the market has thrown the baby out with the bath water!!! Never miss a good crisis!!! Forget the election….Coalition to win with reduced margin and senate to be ruled by bigger cross bench….Malcolm will not last three years after inaction with policy paralysis. The global trend shows governments are moving to power share mode as the disenfranchised poor move away from the major parties. (VIEW LINK)