SP500 At Records... | Kingsview Asset Management - No Rate Hike in US in 2015... | Happy Friday.. |

Niv Dagan

Peak Asset Management

Good Morning, Boy… we’re certainly glad it’s Friday… It has been another busy week on markets and a lot has been happening in the background.. So how did we go last night? The S&P 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike will come only later in the year. Once again… US markets continue to push higher… "I doubt we'll see a rate hike this year," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "The market is weighed down by debt. It's very difficult to see consumer spending ramp up substantially unless the debt levels fall." We at PEAK, 100% agree with Pau’s convictions…… Data showed that jobless claims rose more than expected last week, although the underlying trend continued to point to a rapidly tightening labor market. In AUS we finally had a positive day yesterday.... Today, we should be well supported with commodities higher (Oil up 3% to $60.72/barrel, Gold down $4.00 and iron ore up 1.7%)… The SPI is up 17 points…


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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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