michael eraklis kashioulis @MikesTrades: "Hello Copiers September has come to..."

United Kingdom

Hello Copiers September has come to an end and we have had a very strong run. We finish the month around +7.5% up after a variety of good news and economic support measures. This is one of our best months of the year and brings our YTD gains to circa +17.5%. In September our risk went from 4 to 5. I am not too sure why that is, as very little has changed but I assume it is down to extra volatility during the month. Some key top-level items that occurred during the month across the markets we are exposed to include: The Fed cut US rates by half a point. This was one of the larger events of the month and has been followed by a dovish soft-landing talk from a variety of individuals. This has really supported a variety of our US stocks as the rate cut was at the top end of expectations. Even today we saw Powell say that downward risk has been reduced but that decisions will continue to be made on the data that comes out - as I believe they should be. There is a clear path for the Fed to get back to the 2% target so we'll adjust our positions as required based on the data. On the UK side of things, the BoE decided against another rate cut, instead holding rates as they are at 5% after an August quarter-point cut. The BoE did say they expect further rate cuts but that it will be a gradual process. Personally, I had expected another quarter drop which did not materialise, but hopefully, we'll see one in the coming months. And now for China. It was only a short time ago we saw China stocks whipsawing around and dropping into the deep red off the back of economic concern and troubling data. This was the main cause of our August pullback in our portfolio with -0.67% loss for the month. I decided not to close any of these Chinese-related positions as I felt the companies that had dropped had a lot going for them and their books were not in a position that gave me a huge cause for concern. Also, as we have seen time and time again, the government there will try and do what it needs to do in order to see the country flourish. I will do a full post on this tomorrow as there is a lot more to say here, but holding on to our Chinese stocks rather than selling during the panic has played to our advantage as things stand. Overall I am pleased with the performance of our diverse cross-region portfolio and look forward to seeing what the last quarter of the year has in stock. Thanks Michael $SPX500 (SPX500 Index (Non Expiry)) $CHINA50 (ChinaA50 Index (Non Expiry)) $DJ30 (DJ30 Index (Non Expiry)) $UK100 (UK100 Index (Non Expiry))

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SPX500

CHINA50

DJ30

UK100

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