XJO Falls as Fear & Greed Index Rises... | LNG Economically viable? | Foreign Ownership of AUS Bonds at 5-Year Lows... |
Niv Dagan
Peak Asset Management
Good Afternoon, Following a sell-off on Wall Street on Friday night, the Australian share market closed well into negative territory... XJO closed down 112 points, 2.18%... So… the US fed leaves cash near 0.00% and we fall > 100 points? Yes… things make a lot of sense, don’t they? The materials space is proving to be the biggest drag on the index, financials are also weighing heavily. Liquefied Natural Gas Ltd (ASX: LNG) was again on the chopping block after oil prices fell further. According to CNBC, US crude oil fell nearly 5% on Friday which challenges the economic viability of LNG Ltd’s two major projects, Magnolia, in Louisiana, and Bear Head, in Nova Scotia. The shares are down 6.8% today and 69% since April. Flight Centre Travel Group Ltd (ASX: FLT) fell, declining 4.4% despite the absence of any specific news which would explain the fall. It’s possible that investors are worried that slower growth in the global economy could impact demand for travel. Fear & Greed Index - Chart... Source: CNN Money
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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, intermediary and offshore hedge funds. Niv takes an active approach in managing client funds and is a firm believer that adequate risk management is paramount in any good investment decision. Niv's work is largely focused on portfolio management, asset allocation, fixed income, managed funds, structured products and developing tailored strategies for the SMSF sector.
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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,...
Expertise
No areas of expertise
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
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