US Business Investment & Housing Strong ... | Commodities To Fall, as USD Rises | SPI Flat Leading To Open |

Niv Dagan

Peak Asset Management

Good Morning, So we're feeling good, as some positive momentum is making our portfolios look better ... US stocks ended with slight gains on Tuesday, with the Nasdaq eking out another record close. Facebook shares rose 3.7 per cent to $US87.88, a record close. A gauge of US business investment spending plans rose in May in a tentative sign of stabilisation in the manufacturing sector, which has been weak since the late summer of 2014. In more data that things are going well in the US of A, new US single-family home sales increased in May to the highest in more than seven years, brightening the outlook for the housing market and the broader economy. Last night the EUR fell heavily, leading into the Grexit, which will not happen, however, pressure is certainly mounting on the Germans, IMF & ECB…. Gold looks weak and if it breaks $1,180/oz. we see downside to ~ $1,000 as the USD rallies… So keep on eye on metals and soft commodities … The SPI is pointing to a 3 point gain 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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