US Stocks Edge Higher... Iron Ore Lifts... Retail Sales Poor

Niv Dagan

Peak Asset Management

Good morning, So what happened last night? Stocks edged up, boosted by energy shares, with investors also focused on US corporate earnings and the data miss. A lower full-year earnings forecast from Johnson & Johnson due to the impact of dollar strength kept gains in check. Retail Sales figures were once again poor……. And this is signalling to us that the US economy is still “fragile”… The SPI is pointing to 10 point rise this morning.

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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,...


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