XJO selloff ends as "Window Dressing" Lifts Market ... | Chinese government Lifting Stocks.. | Kathmandu M&A activity & Paradigm in the news.. |

Niv Dagan

Peak Asset Management

Good Afternoon, Phew… What a roller coaster! The selloff has finally ended… for now… The XJO was down ~ 30 points this morning, but a late rally in the ASX known as “window dressing” (fund managers buy the index to prop up their performance…), lifted the market… Our heads & our emotions feel a little like this right about now …….. The market closed up 36 points Volatility has really picked up and we are seeing ranges of 40 points in a single day. The day started of bad with the usual Greece turmoil but China’s government wanted some of the spotlight. The Chinese government took a further aggressive step to shore up the stock market asking its $US493 billion state pension fund to invest in equities for the first time. However, the drama doesn’t end there. Read below for further details. Peak’s new IPO, Paradigm, have AFL Club Carlton as a participant in Paradigm’s PPS Bone Bruising (Bone Marrow Oedema) Clinical Trial. More details here: (VIEW LINK) lets have a great FY..... 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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