Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

US Market Joins Global "Rout"... | OPEC meets in Vienna | US Payrolls - Tonight |

Niv Dagan

Peak Asset Management

Good Morning, It certainly has been a tough week… actually, a tough month Ever since our friends at the RBA cut interest rates to a record low of 2.00% and ever since the federal budget, the market has done nothing but fall… And this week, will be the worst week since 2012… So yes, we are certainly happy its Friday and yes, we are very happy that on Monday, it is a public holiday and we can “re-charge” our batteries and head into the end of financial year, feeling a little more refreshed. So our portfolios aren’t looking great at the moment and capital preservation is the most important thing right now. We have been in this situation before and markets will go back up, but getting the timing right, is the most important thing… Tonight OPEC meets in Vienna to decide oil output and US payroll figures, will likely show that job growth last month most likely “flattened” … The SPI is pointing to a 17 point fall on open


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,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.