XJO falls as capex falls off a cliff | New CEO at Southern Cross Media | AUD/USD Heading Back To $0.75 Next Week... |
Niv Dagan
Peak Asset Management
Good Afternoon, Zzzz…..Hope you are not napping yet… Dow Jones up 121 points, we close down… again…. The ASX200 dropped back below 5700 points in the morning, extending yesterday's selloff with big miners and banks leading the way down to close out around 5720. CBA and a slump in Newcrest were the biggest drags on the market. But it was today’s business investment data that was quite disappointing…our economic transition away from mining is yet to go well! CHART OF THE DAY (see below) Capex falls to 25%! AUD/USD is back under pressure... looks like heading back towards $0.75 by next week Niv
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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.
1 topic
2 stocks mentioned
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
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The 7 zombie companies lurking on the ASX 300
Livewire Markets
Education
Warren Buffett’s 25 biggest mistakes – and 4 lessons they teach
Leithner & Company Ltd