Oct 14 2020, 12:47 PM
QUOTE(GrumpyNooby @ Oct 14 2020, 09:59 AM)
Equity Market Drops After A 5-Month Rally
The equity market dropped for the first time after five straight months of positive returns. Politics and rising COVID-19 infections were the major causes for the weaker performance across all asset classes.
With the US presidential election getting closer, President Donald Trump threw more threats at China. In retaliation, the Wall Street Journal (WSJ) reported that China is looking to blacklist US companies. Elsewhere, the United Kingdom’s (UK) sudden plans to exit the European Union (EU) gained investors' attention as they were worried about the possibility of a hard Brexit after Boris Johnson threatened to stop the negotiation if the EU does not meet with his demands. The exit without any agreement with the EU would be a disaster for the UK, considering how dependent the country is on other economies.
The COVID-19 pandemic remained as the biggest threat to the global economy and financial market. In September, European countries such as Spain, France and the UK have all seen significant upticks in virus infections. The situation was exacerbated by a report that AstraZeneca and Oxford University have put vaccination trials on hold due to negative findings from the human trials.
There will be a lot of ups and downs in the market where some months can have negative returns. That's why MYTHEO’s algorithms are designed to ignore short-term changes in the asset prices but instead to continue monitoring and taking a long-term view on our investment. Our algorithms’ key focus is to optimize the portfolio by maximizing returns while taking the least risk possible. For these purposes, our algorithms run on two layers of automated processes - REBALANCING and RE-ALLOCATION.
Wish to read MYTHEO’s September performance? Click here.
https://mytheo.us20.list-manage.com/track/c...d8&e=a316a0d2ab
you really work for MyTheo The equity market dropped for the first time after five straight months of positive returns. Politics and rising COVID-19 infections were the major causes for the weaker performance across all asset classes.
With the US presidential election getting closer, President Donald Trump threw more threats at China. In retaliation, the Wall Street Journal (WSJ) reported that China is looking to blacklist US companies. Elsewhere, the United Kingdom’s (UK) sudden plans to exit the European Union (EU) gained investors' attention as they were worried about the possibility of a hard Brexit after Boris Johnson threatened to stop the negotiation if the EU does not meet with his demands. The exit without any agreement with the EU would be a disaster for the UK, considering how dependent the country is on other economies.
The COVID-19 pandemic remained as the biggest threat to the global economy and financial market. In September, European countries such as Spain, France and the UK have all seen significant upticks in virus infections. The situation was exacerbated by a report that AstraZeneca and Oxford University have put vaccination trials on hold due to negative findings from the human trials.
There will be a lot of ups and downs in the market where some months can have negative returns. That's why MYTHEO’s algorithms are designed to ignore short-term changes in the asset prices but instead to continue monitoring and taking a long-term view on our investment. Our algorithms’ key focus is to optimize the portfolio by maximizing returns while taking the least risk possible. For these purposes, our algorithms run on two layers of automated processes - REBALANCING and RE-ALLOCATION.
Wish to read MYTHEO’s September performance? Click here.
https://mytheo.us20.list-manage.com/track/c...d8&e=a316a0d2ab
anyway will SAMY take the same approach ...mmmh
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