Aren't We Glad That August is Over? | September To Be A Strong Month for Commodities... | Calm Open Ahead... |

Niv Dagan

Peak Asset Management

Good morning, Trust that you’ve had a nice & relaxing weekend and are looking forward to another busy week.. Guess what? Tomorrow is September and aren’t we glad that it is..…. August was a month to forget, with the ASX falling ~ 10%+… ouch… ouch… ouch… But in financial markets, we don’t look back, we only look forward and September will be a better month for all of us… The catalyst? China….. A rebound in commodities and a search for yield… It really all comes down to the US Fed….. Will they, or won’t they? PEAK’s position is that the US Federal reserve will not increase interest rates this year, driving the USD lower from here and commodities higher in the 3rd and 4th quarters of 2015…….. So get set… On Friday night in the US, stocks closed fairly “flat”, following one of the most “turbulent” weeks we have seen since October 2008…. US consumer sentiment, was slightly weaker than expected, however, is still signalling that the US is in a strong position The SPI is up 12 points


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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