Good Morning, We have a smile this morning, as we switched on our phones to see the Dow Jones up ~230 points. US stocks climbed higher last night, with...

Niv Dagan

Peak Asset Management

Good Morning, We have a smile this morning, as we switched on our phones to see the Dow Jones up ~230 points. US stocks climbed higher last night, with utilities leading a rebound on the S&P after three weeks of losses as factory production slipped 0.2 per cent last month after declining 0.3 percent in January, the Fed said on Monday. The report joined sour retail sales, construction and housing starts data, which recently prompted economists to slash their first-quarter GDP growth estimates. What we are also seeing is weakness in the crude oil price (now back to ~ $43.00/barrel)... STO, OSH, WPL, AWE, BHP, which all have a large proportion of their earnings driven by LNG & Crude, are feeling the brunt and we believe that there is more downside risk short-term. For those investors who own the stock, a strategy which may be popular is simply selling options on your existing shares to generate additional income...... For those interested in learning more, please don't hesitate to be in touch The SPI is pointing to a 44 point rise 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,...

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