Good Morning from beautiful Flinders... Today is a public holiday here in Victoria and yes, although am down the coast, working away........ We all love the...

Niv Dagan

Peak Asset Management

Good Morning from beautiful Flinders... Today is a public holiday here in Victoria and yes, although am down the coast, working away........ We all love the morning wrap and given that there has been a lot of activity on markets over the past 72 hours, I wanted to keep you in the loop.... So what happened on Friday night? Well the Dow Jones got crunched..... down 278 points on better than expected payroll figures Better than expected figures and we fall 278 points? Dows that make any sense to you? Well....... Global investors now believe that interest rates in the US will rise sooner and accordingly, sold equities on the back of this news..... (see image below) As noted in my note over the past few days, we have been expecting weakness and suggested to clients to trail stop losses tighter to protect your profits! Commodities were generally weaker on Friday night as the USD surged, as Crude oil down 2.27% to $49.61/barrel, Gold sold off heavily now trading at $1,164/oz. and AUD/USD trading near $0.77 The SPI is pointing to a 50 point fall on open


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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