Will a win in the Basketball vs. the USA, lead to stock market outperformance?

Good Morning,


Just like the stock market, the Americans are “hurting” us once again…


The Aussies are currently playing the USA in the basketball….


AUS 20 vs. USA 17…


Common Aussies… where’s the outperformance?


Last night, US stocks fell (Dow Jones -39 points), as energy producers continued to weaken amid a lower oil price (crude -2.48%).


It also appears that the US dollar is finding some ground, with treasuries in demand, however, theAUD/USD is very high at over $0.77.

“It’s not a good day for energy at all,” Mark Kepner, an equity trader at Themis Trading LLC in Chatham, New Jersey, said by phone. “With financials it’s about the 10 year, we’re back to 1.50 again. There’s that feeling the Fed is probably going to be on hold for September and that’s why I think financials are tailing off again.”

In Oz, reports from CBA, CPU and AGL failed to inspire the market


We have a lot on today with GMG, GXL, MFG and TLS reporting…. While RIO trades “ex” dividend….


We will keep a close eye on CPU today, following our long call in yesterday’s trading session.


The SPI is down 2 points this morning


Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management ( He is also a regular financial commentator on Sky Business

Add your comment

BNIQ sponsored byNorth Metro TAFE


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
51 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer