Amazon.com Climbs To Record... | Credit Suisse Lifts IPP's Price Target | Energy Shares To Weigh... |

Niv Dagan

Peak Asset Management

Good Morning, Happy Tuesday…. The USD has been in focus this week, falling to a three week low, after Federal Reserve officials continue to back the case for higher interest rates this year, spurring gains in emerging-market assets. Interestingly, it is the AUD which has surprised to the upside vs. others….. Will the trend in the AUD/USD continue to strengthen? Very Doubtful…. A 1.5-per cent drop in the energy index was the biggest drag on the S&P 500, with energy companies falling alongside the retreat in oil prices. The utility index was up 0.8 per cent. "Given how strong last week was, the fact that we haven't given much back and we're going to get into the heart of the Q3 earnings season, (suggests) the market has been relatively resilient," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. "As long as the tone of the guidance isn't totally negative, I think we have a decent chance of having an OK fourth quarter." IPP's Price Target lifted by Credit Suisse .... keep an eye today


Niv Dagan
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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