Sunset Strip | Aussie Afternoon Institutional Market Wrap

Market continues to remain aimless and volatile while delivering a slight negative day. Global macro remains uncertain with new US leadership policy settings delivering contradictory and murky outlook. US market continues to ignore fiscal policy uncertainty, rising yields, stretched valuations and strong currency. Over the last 3 months nearly 50% of the local S&P 200 stocks are down more than 10% while the index is being held up by big miners and big banks. Today’s performance was taken down mainly by Staples and Health Care while Resources were buffering the fall with Gold and Energy as the best of the bunch. Remain nimble in an uncertain global macro with profit taking potential!!! Take advantage of short term volatility to buy long term quality growth, yield and value!!! For the full report… (VIEW LINK)