Money is still “cheap” as NASDAQ hits a record… so why isn’t Australia’s tech sector booming?
It’s been a good 24 hours on markets, will our friend Yellen confirming that US interest rates will not rise until December 2016….
For those who took up Peak’s Neurotech opportunity, you should have received an email with you allocation and funding details…
We are confident that this will perform extremely well, as SW1, PAR, 3C and CFOAM (not far away…)
As economists and analysts push back their expectations, so does the shape of the “yield curve” change, which means commodities should remain strong.
Yesterday, we increased our weighting to the gold sector and expect this to be well supported over coming weeks.
Crude oil climbed 2.16% overnight as “cheap money” is far from over….
Dow Jones +96 points, while the Nasdaq hit another record….
So why aren’t Australia’s tech sector following in the US footsteps?
Is it because talent keeps heading offshore or.. is there no confidence in Malcolm’s ability to “talk-the-talk”, rather than “walk-the-walk?”
The SPI is up 18 points this morning
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