US & UK Markets Closed for Holiday... Where's Ours? | Iron Ore up past $60/tone.. Is this the bottom? | SPI Pointing to a "Flat" Open... |

Niv Dagan

Peak Asset Management

Good Morning, Well last night US markets were closed for Memorial Day… UK markets & Frankfurt were also closed for a Bank Holiday… Why didn’t we have a holiday too? In AUS, we had a good day yesterday (XJO up ~50 points), largely driven by the banks and with the falling AUD, money is returning to stocks that have US & European earnings (i.e. CSL, MFG, BXB, AMC, PMV, WRT, ANN). The Chinese stock market rebounded strongly yesterday (up ~3.00%), as the central bank further reduced borrowing costs… Overall, their stock market is up ~ 50% YoY… Not bad… Where is the strong positive correlation between China & Australia? If you haven’t had a chance to view yesterday’s interview and wanted to get my thoughts on the Chinese stock market, The Rising USD and what’s “in store” for Japan, India & Europe here is the link: (VIEW LINK) The SPI is down 4 points

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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