SP500 has again revisited its absolute maximum unlike the European indices which, although positive, have not recorded a similar result.
Hard to comment on this trend, despite the international economic situation, see the SP500 index (benchmark index) bring the absolute maximum (at least for now).
The recovery phase of indices continuing , even if in a less vigorous way, supported by a more relaxed climate about war duties and the possibility of a less aggressive recession.
The downtrend began in October seems to have found, for now, its end with start of new year and indices correction has thus resized market's euphoria, measured by our
At the end bear market also hit the US indexes recording a truly ruinous month with a loss of just over 20% from the September highs on the SP500.
Continued downtrend stock markets and also affected the commodities, with greater involvement for Brent.
Horrible month that just departed; undoubtedly one of the worse months after that recorded in 2008, always in October.
New highs SP500 index have been the opportunity, by traders, to monetize part of the gains achieved in recent years.
Let’s start publication of our portfolio management, highlighting the average results of a typically balanced management.
After a negative June, at least on the European markets, we have seen a momentary inversion
Month was going under the worst expectations for the usual tensions on tariffs and on the European policy.
Last month we were surprised by the unusual strength of the Italian index compared to other equity indices. We know how it ended. Also in this case we are surprised by the strength and the steadiness of retracement that has practically canceled all 2018 gains.
Past month has been mark from two events : the unexpected performance of FTSEMIB index and the strong recovery of the dollar.
Markets correction also continued in March with new lows on the indices.
The expected correction of the market has finally arrived, important in percentage terms.
January recorded a new top of the markets, driven by the excellent quarterly results of the US companies and by the incoming flows from the bond market.
In the October report, we wrote about the portfolio restructuring in which we sold all bonds for the benefit of equity sector.
During the month, in keeping with our vision of the markets, we sold all the bonds in the portfolio.
We resume reporting after the summer break.