Period 1st half April 2016, written April 14th
The cash equivalents weight has edged down slightly as I got filled in CEF:US as I have discussed, also I topped up a holding of UOS which I shall mention below. Continue reading “Risk on again”
I have been stopped out on the more defensive positioning of the portfolio when the DOW rose above 17,500. So my cash equivalents are around 31%. For clarification, I call them cash equivalents as some of this may not be strictly cash, rather could be wind up or takeover arbitrage situations that I consider extremely low beta to stock markets and that usually have a more defined date that they will convert to cash. Continue reading “Volatility gone for now..”
Period 1st half March 2016, written March 11th
The stronger equity markets of late has not been the ideal scenario I was looking for. There is a reasonable chance the short trades I placed on the US indices will get stopped out. Whilst they exist at present my cash equivalents weight is marginally lower at 43%. Some small physical buy trades got filled which I will comment further on below. Continue reading “Happy 7th year birthday for the bull market.”
Period 2nd half February 2016, written March 2nd
Since the last report a fortnight ago the volatility has somewhat subsided, with equity markets slowly grinding higher. Pretty typical when markets climb. Continue reading “Reporting season and equities find support”
Period 1st half February 2016, written Feb 13th.
Since the last report a fortnight ago we have seen some decent volatility on a daily basis but the market has not really moved a great deal either way over the period. Continue reading “Gold shines”
Period 2nd half January 2016, written Jan 27th.
I deployed a little bit of physical cash in the period but it didn’t meaningfully change the asset allocations. Agricultural stocks got swept down in the January weakness so I got filled there and in an overseas property play. Continue reading “Stabilzation, for now..”
This is the big question being asked and my point would be to not have too strong an opinion of the answer, rather gain some perspective about probabilities and potential gains/losses in each scenario. Continue reading “Correction or bear market?”
Period 1st half January 2016, written Jan 15th.
Physical cash mid-Jan was relatively unchanged at 35.6%, but this hides an extremely volatile (mainly to the downside) start to the year. The key change here has been covering the shorts on the indices a few days ago. Continue reading “Bears in control early 2016”
Period 2nd half December 2015 written January 1st. Continue reading “Market update for 2016 beginning”