🔴 -𝟕.𝟔%: 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞
🟢 𝟏.𝟗%: 𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐃𝐚𝐢𝐥𝐲 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞
🟢 𝟓𝟖.𝟎𝟓%: 𝟏𝟐-𝐦𝐨𝐧𝐭𝐡𝐬-𝐫𝐞𝐭𝐮𝐫𝐧
What a month it has been! China's regulatory fantasies and implementations, which first affected all Asian stocks and then the overall market. Then the ban on cryptocurrencies in China. Then a new US government shutdown. Last but not least, there is a blanket of fear of persistent inflation. And all this during a September that is already historically a bit weak.
All this also affects the so-called Fear and Greed Index, which currently stands at 25 out of 100 points (extreme fear). This shows the overall mood in the market. Very interesting, in my opinion: money.cnn.com/data/fear-and-greed/
𝐑𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧: House prices in the 20 major metropolitan areas of the USA rose by 20 per cent year-on-year in July. This is shown by the development of the S&P/Case-Shiller index (source: fred.stlouisfed.org/series/CSUSHPINSA). The upward trend in prices has thus accelerated further. Some believe the market is overheating - and is increasingly in danger of collapsing as interest rates rise. Crash prophets are coming out of their holes again everywhere to promote books and capital protection measures. In the end, every broken clock is right twice a day.
𝐇𝐨𝐰 𝐈 𝐬𝐞𝐞 𝐢𝐭: The portfolio has made some setbacks this month. Looking at the general market, this is a very healthy reaction to the global difficulties mentioned above. It is likely that the uncertainties will drag into October as well. The market is still at a generally high level. It is part of the normal system and good that such "exhales" happen. The money supply in circulation (M2) has once again increased considerably (source: fred.stlouisfed.org/series/M2). This has to be observed further.
𝐀𝐬 𝐚𝐥𝐰𝐚𝐲𝐬 - 𝐰𝐞 𝐭𝐨𝐨𝐤 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐟𝐨𝐫 𝐜𝐡𝐞𝐚𝐩 𝐫𝐞-𝐛𝐮𝐲𝐬 𝐰𝐡𝐞𝐧 𝐨𝐭𝐡𝐞𝐫𝐬 𝐠𝐞𝐭 𝐬𝐜𝐚𝐫𝐞𝐝. 𝐖𝐞 𝐚𝐝𝐝𝐞𝐝: $MELI (MercadoLibre)$MRK (Merck & Co.)$PSLV$MC.PA (LVMH Moet Hennessy Louis Vuitton SA)$CDI.PA (Christian Dior)
Some asked me, why we hold so much $SILVER: We hold a large position of physical silver $PSLV. This is for inflation protection and capital preservation. In the case of strong market movements, it is usually the case that everything falls first (to varying degrees) and then some values gain strongly again, because the sell-offs of fearful market participants that cause the price falls are shifted into precious metals and other positions. To get ahead of movements like these, you can benefit heavily from it. Moreover, as I described in a past post, silver is undervalued for several reasons (see etoro.tw/3imB6Ka).
𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐲 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐅𝐀𝐐 𝐩𝐚𝐠𝐞 𝐭𝐡𝐞𝐫𝐞 𝐨𝐫 𝐰𝐫𝐢𝐭𝐞 𝐭𝐨 𝐦𝐞 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲.