Nick Warrell @RickFortune: "𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 In last month’s..."

United Kingdom

𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 In last month’s report, I mentioned that October could prove volatile – and it certainly was. The month began negatively after Trump reignited trade war fears with talk of massive tariffs on China. At one point, my portfolio was down over 5%, but it recovered to finish the month down 0.8%. That result was disappointing given that all three regions I trade in – the US, UK, and Germany – ended October higher overall. The main drag came from UK mining stocks, with Hochschild, Endeavour, and Fresnillo all falling sharply as the gold and silver rally lost momentum. In contrast, US markets remained strong. The Federal Reserve cut interest rates again as expected, adding further fuel to the ongoing AI-driven bull run, which continues to push many tech names to record levels. Meanwhile, the US government shutdown drags on and could become one of the longest in history. In the UK, the FTSE 100 hit a new all-time high, supported by strength in energy, defence, and banking stocks. Germany, however, continues to lag, with sluggish economic growth and a directionless market. 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: 𝘎𝘦𝘳𝘮𝘢𝘯𝘺: Nordex ( $NDX1.DE (Nordex) ) +13% 𝘜𝘯𝘪𝘵𝘦𝘥 𝘒𝘪𝘯𝘨𝘥𝘰𝘮: Airtel Africa ( $AAF.L (Airtel Africa Plc) ) +15% 𝘜𝘯𝘪𝘵𝘦𝘥 𝘚𝘵𝘢𝘵𝘦𝘴: Warner Bros Discovery ( $WBD (Warner Bros Discovery Inc) ) Western Digital ( $WDC (Western Digital Corporation) ) and Palantir ( $PLTR (Palantir Technologies Inc.) ) all +15% or more 𝗜𝗻𝗱𝗶𝗰𝗲𝘀 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: DAX 40 ( $GER40 ) : +0.2% FTSE 100 ( $UK100 ) : +3.9% S&P 500 ( $SPX500 ) : +2.5% 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 𝗳𝗼𝗿 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 There are growing concerns that US and UK markets are becoming overstretched, particularly within the AI and tech sectors. However, following two recent US interest rate cuts, the S&P 500 is likely to extend its rally in the near term. In the UK, the upcoming Budget could unsettle markets if it includes tax increases or other investor-unfriendly measures. In Germany, optimism following recent government stimulus efforts has yet to translate into meaningful growth, leaving investors cautious about the short-term outlook. ⚠ Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future result