Andras Martincsek
United Kingdom
๐Ÿ””๐˜ฟ๐™š๐™–๐™ง ๐™˜๐™ค๐™ฅ๐™ž๐™š๐™ง๐™จ ๐™–๐™ฃ๐™™ ๐™›๐™ค๐™ก๐™ก๐™ค๐™ฌ๐™š๐™ง๐™จ!๐Ÿ”” My portfolio could not reach the positive territory in this month. It finished -4,02% down. ๐˜พ๐™๐™ž๐™ฃ๐™–, ๐˜พ๐™๐™ž๐™ฃ๐™–, ๐˜พ๐™๐™ž๐™ฃ๐™–: We have not been able to read good news about China in recent weeks. ๐™€๐™ซ๐™š๐™ง๐™œ๐™ง๐™–๐™ฃ๐™™๐™š, one of Chinaโ€™s largest real estate development giants, has drifted to the brink of insolvency, and its collapse could cause serious disruption to the financial market. All this happens when the outlook for China is not favorable anyway. In such an environment, the central bank did not have many choices: ๐™ž๐™ฉ ๐™๐™–๐™™ ๐™ฉ๐™ค ๐™˜๐™ช๐™ฉ ๐™ž๐™ฃ๐™ฉ๐™š๐™ง๐™š๐™จ๐™ฉ ๐™ง๐™–๐™ฉ๐™š๐™จ and provide the necessary liquidity. $0700.HK (Tencent) and $9988.HK (Alibaba Group Holding Ltd (Hong Kong)) are down in this months too. ๐Ÿ‘Ž ๐™๐™Ž๐˜ผ, ๐™๐™Ž๐˜ผ, ๐™๐™Ž๐˜ผ: ๐™๐™๐™š ๐™๐™š๐™™ continues to face strong inflationary pressures, to which the central bank has already responded: although it sees the price increase as lasting, it expects an interest rate hike a year earlier than at the last interest rate decision meeting and signaled the withdrawal of the asset purchase program. The official announcement of the tapering could come in November or December - the date will also depend on how inflation data develop in the fall. PCE inflation in August did not bring a significant change in expectations in this regard. $NSDQ100 is down. ๐Ÿ‘Ž ๐™€๐™ช๐™ง๐™ค๐™ฅ๐™š, ๐™€๐™ช๐™ง๐™ค๐™ฅ๐™š, ๐™€๐™ช๐™ง๐™ค๐™ฅ๐™š: There was a close result in last weekendโ€™s German election. The piquancy of the Situation is that Green voters would prefer the SPD and liberal voters would prefer the CDU, but the Greens and Liberals will have to decide together who they prefer. In September, the consumer price index in the euro area rose by 3.4%, marking an unprecedented rise in prices since 2008, and a new peak in currency area inflation since the autumn of 2008. $RDSB.L and $KBC.BR (KBC Groep) are up! ๐Ÿ‘ ๐™๐™๐™š ๐™ข๐™ค๐™จ๐™ฉ ๐™ž๐™ข๐™ฅ๐™ค๐™ง๐™ฉ๐™–๐™ฃ๐™ฉ ๐™ฆ๐™ช๐™š๐™จ๐™ฉ๐™ž๐™ค๐™ฃ ๐™ž๐™ฃ ๐™ฉ๐™๐™š ๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™ฉ ๐™ž๐™ฃ๐™›๐™ก๐™–๐™ฉ๐™ž๐™ค๐™ฃ๐™–๐™ง๐™ฎ ๐™š๐™ฃ๐™ซ๐™ž๐™ง๐™ค๐™ฃ๐™ข๐™š๐™ฃ๐™ฉ ๐™ž๐™จ ๐™ฌ๐™๐™š๐™ฉ๐™๐™š๐™ง ๐™ฉ๐™๐™š ๐™ฅ๐™๐™š๐™ฃ๐™ค๐™ข๐™š๐™ฃ๐™ค๐™ฃ ๐™ค๐™› ๐™ช๐™ฃ๐™ช๐™จ๐™ช๐™–๐™ก๐™ก๐™ฎ ๐™›๐™–๐™จ๐™ฉ ๐™ฅ๐™ง๐™ž๐™˜๐™š ๐™ž๐™ฃ๐™˜๐™ง๐™š๐™–๐™จ๐™š๐™จ ๐™ž๐™จ ๐™ฅ๐™š๐™ง๐™ข๐™–๐™ฃ๐™š๐™ฃ๐™ฉ ๐™ค๐™ง ๐™ฌ๐™ž๐™ก๐™ก ๐™™๐™ž๐™จ๐™–๐™ฅ๐™ฅ๐™š๐™–๐™ง ๐™ฌ๐™ž๐™ฉ๐™๐™ž๐™ฃ ๐™– ๐™›๐™š๐™ฌ ๐™ข๐™ค๐™ฃ๐™ฉ๐™๐™จ. Keep your head up! @Casti98 Andras