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Monday 27th August 2018
Hi Friend,
US stocks hit new highs ... China Stocks head higher ...
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| | Markets ...
The Dow closed up 91 points in the week at 25,790. The FTSE closed up at 7,577.5 a gain of almost 20 points. Our nine index eToro fund jumped by 0.4%. Stocks moved up across the board with the biggest gains in China and Hong Kong. Our move into China last week, proved to be well timed.
US stocks look set to reach new highs in the short term with the Dow, S&P and NASDAQ set to move higher. European stocks are consolidating. We expect our tracker fund to do well into the Autumn ...
We are now 20% invested in our index tracker fund and 80% invested in our "Empires of the Cloud" fund. We are in profit following a big move last week. We backed up our position in Google this week, still nursing a loss on FB and Alibaba for now.
"Trading Ranges" our new product for currencies, commodities and markets will be released next month! Don't miss that!
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| | | | Monday Morning Markets ... 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 Saturday Economist.
Sterling closed up in the week at $1.2844 from 1.2756. It's all about the Dollar in a flight to safety. Technically, Sterling will test the $1.25 level soon. The Fed's Jerome Powell confirmed the commitment to steady rate rises this year and next.
Sterling closed down against the Euro at €1.1051 from €1.1152. The Pound looks set to test the €1.10 level in the short term.
Just click on the link to access the complete PDF ... with more updates on currencies and wider markets.
We are working in partnership with eToro, the world's leading social trading and investment platform. We have established our "Empires of the Cloud" Fund. We are currently 80% invested. With our index tracker fund, we went long NASDAQ and moved into China last week. We are 20% invested. We like the DOW, S&P and Japan avoiding EU markets for now.
Want to follow? It's just for fun. Use this link to sign up to eToro. Get a $100 dollar gift as a result. Deals are limited ... sign up soon ...
Have a great week ahead,
John
The Saturday Economist: Weekly
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| | © 2018 John Ashcroft, Economics, Strategy and Social Media, experience worth sharing.
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