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Monday 6th August 2018
Hi Friend,
Apple results boost tech sentiment ...
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Apple results boosted tech sentiment. NASDAQ created the first ever $ trillion company as a reward. The Tech index moved forward pulling the DOW and S&P along with the move. Jobs growth was slightly below expectations. Unemployment fell to 3.9%. The Fed held rates as expected but will hike rates later this year.
US economy will continue to out perform in 2018. US is "the envy of the world" says Donald Trump. For the moment it surely is.
Chinese stocks were the biggest losers in the week. US tariffs and trade war threats damaged sentiment. The China 50 index fell by 6%. Hong Kong fell by almost 4%. Japanese and European shares moved lower. The average loss over our nine indices tracker was -1.12%.
In our Empires of the Cloud Fund, this week Apple emerged as the $ trillion star performer with an increase of 9%. A rally in Facebook and Amazon helped. The Chinese duo Alibaba and Baidu were badly hit. The model loss this week was -1.18%.
We bought Twitter off the lows and on the bounce. We are just in profit and 40% invested. Good time to step aside in the August holiday ...
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| | | | Our weekly review of markets, currencies and bond rates is back. We provide a more extensive update on trends in financial markets than is possible in The Weekly Saturday Economist. Just click on the link to access the complete PDF from the web site.
We are working with eToro in our Monday Morning Markets Review. We have established our "Empires of the Cloud" Fund with an intended value of $10,000 dollars. We are currently 40% invested. We made the move into Twitter this week, buying on the rally and off the floors. Apple moved higher on strong results. We expect a further rally in Facebook and Twitter to follow.
We have added Square onto our watch list. We have still to move in on Baidu to pair up with Alibaba. The Chinese duo fell by 6% this week. Chinese shares were hammered on trade war fears. No rush!
Want to follow? It's just for fun. Use this link to sign up to eToro. Get a $100 dollar bonus as a result. Deals are limited. We have just six left ...
Have a great week ahead,
John
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