COPIERS AND FOLLOWERS UPDATE
Hi everyone, here is another quick update for you as we look back at the markets over the last few weeks.
Things have been steadily ticking higher as markets continue to be becalmed, now well and truly over the dip following "liberation day" back in April. The S&P 500 is now up 6.58% for the year as of yesterday, with the portfolio's own gains currently a bit higher, at a shade under 8%.
CPI inflation data in today shows price rises coming in as expected, with even a slight reduction in the month to month figure, which now has been the trend over the last 5 months. This may well prove to further boost an already bullish stock market, although there are some possible caveats to come.
The deadline for countries to finalise trade deals with the U.S is fast approaching and for the moment this seems to be very much on the back burner as far as the stock market goes. A few days ago Trump was threatening tariffs of 30% on the EU and Mexico, so whether markets regard this as just a part of negotiating tactics will soon become apparent.
At least for now, on the basis of the CPI data it seems that tariffs are not yet having an effect on the U.S economy. This I think will be the narrative that will drive the markets on way or the other over the next few months, so we might well have some more undulation to come.
For the moment, our cash is invested in the short-term treasury ETF $BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) which will give us a good yield of around 4.4% without the risk of downturns, due to the short duration of its assets. I will continue to monitor the longer term treasuries with the idea of returning our cash there, so we not only have the benefit of yield but also of rising prices, but for now I am happy to let things play out in the markets a little longer.
I hope you all have a great week and please stay tuned for the next update.
Best wishes, Richard.... Show More
I'm very curious to see how the tariffs play out. Given how little the market reacted to the last announcement of a 30% tariff on EU products, one might think the market considers it significantly more likely that Trump will back down again. In any case, it remains exciting and unpredictable. At... Show More
@Richardstroud, your performance is way behind the S&P 500... What about copying me instead of stock picking? I have 6x returns in the last 5 years 😁🚀 You would definitely be better off! ... Show More
Hi Richard,
I have been copying you for almost 5 years now and my portfolio is still in the Negative... Do you see that changing soon?... Show More
1 reply
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Sun Dec 07 2025 10:28:38 GMT+0000 (Coordinated Universal Time)
