Good Morning, People often say that usually, things come in 3...... Not only did global markets get 'crunched' last night (DOW down 330+ points)..

Niv Dagan

Peak Asset Management

Good Morning, People often say that usually, things come in 3...... Not only did global markets get 'crunched' last night (DOW down 330+ points)... ouch..ouch..ouch.. Not only did the USD rally to 12-year highs, putting further pressure on commodities ... But I also received a text message from my sister in London at 3am, saying that her whole department is being made redundant ... At least breakfast is good today - porridge with berries and a coffee... If you recall in my notes last week, we did advise clients to trail stop losses higher to protect profits AND take some profits off the table... Yes, we do have a few long positions in our core portfolio however, our current portfolio is also balanced with some shorts... i.e. PTM, WOR, MTS etc Deutsche Bank last night advised that the SP500 index could fall by a further 9%...... Wow....... Yes, this could occur and being stock specific, sector specific and taking an active approach is the key to making money...... Commodities were weaker last night as the USD strengthened... The SPI is pointing to a 50 point fall this morning.


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,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.