XJO Has Worst Day in 2 years... | Let's Hope We Don't Run Out Of Fuel... | QE4... Coming? |

Niv Dagan

Peak Asset Management

Good Morning, Today, we head up the sunshine coast as part of PEAK’s client catch up … Yesterday, The XJO had its worst day in 2 years (down 138 points) and combined with last week’s 170 point fall in those two “brutal days”, we’re feeling battered and bruised….. I am certainly hoping for a bounce as at this rate and with crude oil rising, we may not be able to afford the fuel up to Mooloolaba… So what is going on in this world? Yesterday, CBA had its worst day since the GFC, Woolworths (WOW) has been “crunched” following its weak growth in its Masters & fuel business, WOR sheds 2,000 jobs and downgrades expectations… No, we’re not having a great time at the moment…… In a bold move, we believe that the US Fed won’t raise interest rates this year and instead, look to unleash another round of quantitative easing…. QE4 here we go…. Commodities were mixed with Crude oil up 0.36% to $60.62/barrel, Gold down $2.20 to $1,991/oz. and AUD/USD back below $0.80 Niv

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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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