$20bn Wiped off Banks... At Least Our Crickets Are Happy...

Niv Dagan

Peak Asset Management

Good morning and Happy Friday, 400mm of rain expected in Brisbane today? Dow Jones down ~200 points… $20bn wiped from Bank’s market value in the past few days… Let’s hope that May “kicks off” better than April…… At least these guys are having a good time… All focus will now turn to Tuesday's RBA meeting and there is now a 57% chance that Stevens will cut rates... we certainly hope so... Commodities were mixed with Crude oil up again to $59.63/barrel, Gold down $26/oz to $1,183/oz. and AUD/USD back to $0.79 The SPI is pointing to 11 point fall this morning


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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