Short Term Stock Trades
Options, Futures & Fx Trade Update
Long Term Stock Portfolio Update
This portfolio has had a strong year, with an annualized return on investment (ROI) of 21%.
We've already closed out two positions Entain and Vestas Wind Systems, one with a 50% gain and another with a 30% gain, both achieved in less than six months.
Markets Review
Stocks
U.S. equity markets continued their rally, with major indices closing at new all-time highs. The optimism was fueled by strong corporate earnings reports, continued enthusiasm over Artificial Intelligence (AI), and expectations of an upcoming Federal Reserve rate cut.
S&P 500: Gained, closing up approximately 0.23% to 0.8% (varied reports on final close, but a solid gain).
Dow Jones Industrial Average (DJIA): Also posted gains, rising around 0.34% to 1.0%.
Nasdaq Composite: Led the rally, surging higher by approximately 0.8% to 1.1%, driven heavily by technology and AI-related stocks.
Key Movers: Several companies saw significant moves following strong earnings:
Qualcomm: Jumped sharply after unveiling new AI processors for data centers.
UPS and PayPal also posted strong gains after beating earnings expectations.
The "Magnificent 7" tech giants generally advanced, with Microsoft and Apple reportedly crossing the $4 trillion market capitalization mark at one point.
Bonds
The U.S. Treasury market was relatively stable, with yields little changed ahead of the anticipated Federal Reserve meeting.
US 10-Year Treasury Yield: Held relatively steady, settling around 3.98% to 4.02% (reports show minor movement, but generally within a narrow range).
The general sentiment remained supportive for bond prices (and lower yields) on expectations that the Fed would implement another rate cut at its meeting this week.
Commodities
Trading in commodities was mixed:
Crude Oil (WTI & Brent): Prices were largely flat to slightly lower as investors weighed supply-side factors, including evidence of a glut and the impact of sanctions on Russian producers. WTI traded near $60 per barrel, and Brent near $64 per barrel.
Gold: Continued its recent correction, trading flat to slightly lower. Profit-taking and reduced safe-haven demand, amidst improved risk appetite from US-China trade optimism and stronger equities, kept pressure on the price, with it trading just above or around $3,960 per ounce.
US Natural Gas (Henry Hub Futures): Prices declined by over 1% to over 2%, falling back from recent highs. This drop was largely attributed to forecasts shifting warmer for parts of the U.S. in the medium term, implying reduced demand for heating.
Foreign Exchange (FX)
The U.S. Dollar generally edged lower as risk appetite improved globally:
U.S. Dollar Index (DXY): Traded in a narrow range, showing a slight weakening as investors favored riskier assets.
EUR/USD: The Euro was relatively stable against the Dollar, trading around 1.16.
GBP/USD: The British Pound was also stable/slightly weaker against the Dollar, trading around 1.33.
Emerging Market Currencies: Benefited from the upbeat market sentiment and optimism over US-China trade talks.
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