China Cuts Interest Rates... | US Stocks + 400 at Midday, Finish - 200... This is One Hell of a Roller coaster | BHP Profit Weak... Maintains Dividend |

Niv Dagan

Peak Asset Management

Good morning, What are these Americans doing? US Market was up > 400 points at Midday and finished 202 points lower…. The biggest reversal since 2008… A few key points from our perspective: The implications of a weaker Chinese growth slowdown is limited… a large proportion of companies in the US get just 2 percent to 3 percent of their sales from the world’s second-largest economy, and exports to China account for just 1 percent of U.S. gross domestic product, according to data compiled by JPMorgan. The last time the S&P 500 was this far below its 200-day moving average was during the two-week period from Sept. 21 and Oct. 7 of 2011. The benchmark gauge rebounded 11 percent to a two-month high over the following three weeks. So hold on tight and get set for one all mighty rebound… we’re not far away…. At least BHP maintained its dividend policy last night... that's a strong positive. The SPI is pointing to a 22 point fall on open…

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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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