TheEtoroProject
Edited
Dear Etorians, We have proudly closed July (+0.7%) and August (+1.62%) with a profit, regardless the market rollercoaster. In order to counter balance the potential downside of big techs: 1. I opened positions in stocks the will take benefit from the more than likely interests cut of the next months, like consumer defensive & consumer cyclical stocks --> ie: $GRAB (Grab Holdings Ltd) $MDLZ (Mondelez International Inc) $PEP (PepsiCo) $TGT (Target Corp) and similar. 2. Recently opened 3 standard positions in $TLT, as per the alghorythm trigger, keeping in mind that also $TLT is expecting to increase exponentially thanks to the next US monetary politics. I will try to keep the profit stable adding to the normal alghorytm strategy, a value stretegy, looking at the specific economic conditions. As per a matter of fact we are switching temporarily to a multi-strategy approach. Ps. as you will see from the attachment, we are being mentioned as trend investors by Etoro: an important signal that what we are doing it's being appreciated. As usual, feel free to ask!