Good Morning,
Another terrorist attack overnight in Brussels, killing over 31 and wounding dozens…
It really makes you upset and angry to be honest, watching these events unfold….
This Easter break, make sure to relax and spend quality time with your family & friends, as this is really important…
Markets “held up” ok last night, given the circumstances…
The Dow Jones is currently down 38 points, leading into the close of trading…..
Gold was higher, as investors seek safety…….
Biotech outperformed last night after the Brussels attack…….
Over $19 Billion will be returned to investors pockets this week as dividends from CBA, NAB, ANZ, WBC and TLS start to come back…
Will this have an impact on the market?
Or will investors sit tight, enjoy their Easter breaks and wait to see whether the RBA cuts interest rates, when it meets in the first week of April?
Speaking to investors, we feel that many are “cautious” and are happy to sit on their hands and wait……
We are doing the same, however, are on the lookout for the next big opportunity…
Next week following Easter, we will be meeting with the management of THRED, who have just signed a partnership with Microsoft……
Like all deals, only if it “ticks all the boxes” and we will be willing to put our own money in it, we will send it to you to assess…
The SPI is down 8 points this morning.
Niv
Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management (www.peakassetmanagement.com.au). He is also a regular financial commentator on Sky Business.
By Niv Dagan
