Things in Life come in 3s.. | Stronger Than Expected Housing Data in the US... | Iron Ore & Oil Tumble... |

Niv Dagan

Peak Asset Management

Good Morning, Usually in life, things come in 3's… This time, we have falling markets, falling commodity prices and falling interest rates… But the US market once again, night in, night out, surges to record levels…… Does this make any sense? We just got to work together and push through, as fundamentally, nothing has changed….. Last night, The S&P 500 and Nasdaq ended down slightly, while the Dow rose marginally to end at a record high for a second straight day, as Wall Street digested housing data that some saw as hopeful for an economy struggling to grow. The S&P 500 is trading at 17.1 times forward earnings, compared with its 10-year median of 14.7, according to Thomson Reuters StarMine. Housing Data – Stronger than expected In Australia, markets were once again heavily sold off and we’re hoping that with the falling AUD, we will get some traction from overseas funds… What's on today? Australia Westpac consumer sentiment, US Federal Open Market Committee (FOMC) minutes released, Hong Kong LME Week Asia, The SPI is down 1 point this morning

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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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