US Stocks Get Hit... Again... | FTSE/DAX Past Tipping Points... | Where is The Bottom? |

Niv Dagan

Peak Asset Management

Good morning, Actually, not the greatest morning to wake up to………… We certainly feel “battered and bruised” right about now… • Hundreds of billions wiped off world’s financial markets, as Chinese rout sends shares tumbling… • Dow Jones down another 588 points • FTSE100 sheds £74bn • VIX “fear index” jumps • Chinese stock market tumbled 8.5% yesterday, biggest fall since 2007 Is this the point of maximum pessimism? If it is, then it is time to buy. Hang in there, we are all in this together… We’ve been in this position before, yet this time, as we’ve been saying, fundamentals are much better than they were 7 years ago, so why the over-reaction? What has changed in the past week, that hasn’t been in place for the past few months? Sure… China is a problem, but has been a problem for the past several months… Sure… the rising USD would dampen emerging markets currencies.. But this over-reaction, based on no shift in fundamental change is just “mind-blowing” and simply unjustified…. The SPI is pointing to a 62 point fall…


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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,...

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