Iron Ore Falls Below $50/Tonne... Ouch...Ouch...Ouch...
Niv Dagan
Peak Asset Management
Good Morning, This will be the last morning note until the “Big Day” on 7 April…. What is happening on 7 April will drive the Australian equity market for the next few weeks…. It is the RBA rate cut decision and provided they do cut (which we believe they will), will send a lot of SMSF cash into high dividend stocks, driving our market higher…. Now…. Interestingly in the US, lower crude oil prices and higher USD are really starting to “take their toll” on Earnings…….. For the first time since 2009, earnings growth is expected to be negative next quarter…. Watch this video: (VIEW LINK) That could have implications for the wider US economy… Sure, the higher USD is positive for some sectors, however, those who export goods and services in the US are finding things tough…….. So what happened last night? US stocks closed lower as a pair of weaker-than-expected economic indicators spurred concerns over economic growth ahead of Friday's jobs report. iron ore fell below $50/tonne...... ouch..... The SPI is pointing to a 18 point rise this morning.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
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
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
Comments
Comments
Sign In or Join Free to comment