Today is "D-Day" for ASX...
Niv Dagan
Peak Asset Management
Good Morning, Trust that you had a great Easter break ……. Today is “D-Day”…….. It is the day that we have all been waiting for….. No, it is not Christmas just yet and yes, the kids are still on school holidays so you still need to look after them ..…… Today is the day that the RBA decides whether interest rates will fall, or stay at 2.25%. Now….. We at PEAK, believe that there is an 90% chance the RBA will cut today…. Inflation is still at the lower end of guidance (near 2.0%), commodities are the weakest they have been in over a decade and the retail sector is still doing it tough…. Yes, there is currently a “housing bubble” in the major cities, however, global central banks are still cutting interest rates and the RBA should follow ….. If the RBA doesn’t cut, markets will fall (expect back to ~ 5,700 level), however, a cut of 25bp will see the XJO above 6,000 and fresh buying in high-dividend stocks (TLS, Banks, Utilities, Healthcare). SPI pointing to flat start
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
most popular
Equities
How to choose excellent fund managers
Livewire Markets
Macro
The RBA should warn that it could raise rates again
Coolabah Capital