US markets Flat as Industrial Production Disappoints... | Netflix Continues to Rally... | BHP Demerger - In Focus |
Peak Asset Management
Good Morning, Trust that you had a nice weekend and are getting set for another busy week on financial markets. On Friday night, US stocks were fairly “flat” (Dow up 21 points), as US industrial Production was lower than expected, however Netflix continued to rally into “new highs”, as subsriber growth increases… Industrial Production (US) – Chart (below) It appears that Tony Abbott is gaining some positive momentum, following the budget, with polls indicating that confidence in the government is returning… This is a good things… Consumer and Business confidence is key to drive our market back towards the 6,000 point level and if we can generate confidence in our federal government, this will translate into higher equity prices for our portfolios… Today will be a quite day, with the SPI pointing to a 2 point gain, however, a busy week is in order with BHP’s demerger to take center stage and a number of economic data points will give us further indication in relation to how we are tracking….. Lets have a great day, Niv
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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,...
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