As the old saying goes, “denial is not just a river in Egypt” Mark Twain
There seems to be no catalyst for a market recovery in the short-term and we can see this in the performance of our portfolio.
According to Bloomberg, Hedge Funds continue to “buy the dips”, and I’m staying in risk on mode …. two new trades and an upweight.
Add (upweight) to two of our existing trades:
iShares Russell 2000 Growth Index (IWO)
iShares Dow Jones US Technology (IYW)
We initially only had purchased half … Brings our average price down
Trade #1. My Oil punt
Price of oil decimated …. I want to trade the potential bounce
Oil inventories later tonight, so we will have our trade on pre-numbers.
#2. “Outlook for emerging markets is strong according to Mark Mobius with India best emerging market right now”
If US picks fights with everyone does this fragment the market into two trading blocks?
Asia can be resilient …. and Indonesia looks promising.
The SPDR SP Emerging Asia Pacific ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SP Asia Pacific Emerging BMI Index.