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
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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.
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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,...
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
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