Oil Surges 10% Overnight... | Dow Jones +369 To Finish a "Roller-Coaster" Week... | US GDP - In The Spotlight... |

Niv Dagan

Peak Asset Management

Good morning, What a Roller-Coaster this week has been…. • US GDP up 3.7% exceeding all estimates… • Dow Jones up 369 points… • Oil up 10%+! It certainly has been “one hell of a ride”… and going back to our “fear index” on Monday, it was certainly the time to buy……. As we’ve been noting all week, fundamentals have not changed, China will sort its “mess” out and the US economy is in good shape….. Data today showed gross domestic product rose at a 3.7 percent, exceeding all estimates of economists “The economy is in good shape and we’re chugging along at a good pace and that’s good for earnings,” Canally said. “It also should clear some of the noise out of this market. There has been a lot of concern about a slowdown in the economy.” Although we still see volatility in the market, stick to undervalued equities that are trading below their long-term averages, paying a healthy dividend yield… The SPI is pointing to a 37 point higher on open…


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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