Hello Everyone,
Here is a link to the December Newsletter.
After the excitement of Rachel Reeves’ first budget, at the end of October, and Donald Trump’s landslide win in the US, at the beginning of November, we were hoping for a few quiet weeks.
However, the war in Ukraine still rages and tensions in the Middle East remain heightened - not only in Israel but now in Syria, where rebels have ousted President Bashar al-Assad.
We have also seen rioting in Georgia, and in France the Prime Minister, Michel Barnier, has been forced to resign. Martial law was declared in South Korea, but soon lifted.
Closer to home, Storm Darrah wreaked havoc across the UK. Two men died and over a million people were affected by power cuts.
After a difficult October, during which nearly all of the stock markets that we regularly monitor suffered one-month losses, most went up in November.
The overall number of sectors making one-month gains fell during the third quarter of this year, but also picked up in November.
In July, 26 out of the 34 sectors that we track went up. However, in August the number dropped to 24, and in September it was down to 22.
October was even worse, with only 12 sectors ending the month ahead of where they were when it started.
Last month, we saw a significant improvement with 26 sectors posting positive one-month returns.
Both portfolios have also gone up since this time last month.
As always, I hope that you enjoy this month’s newsletter and I look forward to hearing any feedback.
Finally, on behalf of everyone at Saltydog, I would like to wish you a very Merry Christmas and Happy New Year.
After the excitement of Rachel Reeves’ first budget, at the end of October, and Donald Trump’s landslide win in the US, at the beginning of November, we were hoping for a few quiet weeks.
However, the war in Ukraine still rages and tensions in the Middle East remain heightened - not only in Israel but now in Syria, where rebels have ousted President Bashar al-Assad.
We have also seen rioting in Georgia, and in France the Prime Minister, Michel Barnier, has been forced to resign. Martial law was declared in South Korea, but soon lifted.
Closer to home, Storm Darrah wreaked havoc across the UK. Two men died and over a million people were affected by power cuts.
After a difficult October, during which nearly all of the stock markets that we regularly monitor suffered one-month losses, most went up in November.
The overall number of sectors making one-month gains fell during the third quarter of this year, but also picked up in November.
In July, 26 out of the 34 sectors that we track went up. However, in August the number dropped to 24, and in September it was down to 22.
October was even worse, with only 12 sectors ending the month ahead of where they were when it started.
Last month, we saw a significant improvement with 26 sectors posting positive one-month returns.
Both portfolios have also gone up since this time last month.
As always, I hope that you enjoy this month’s newsletter and I look forward to hearing any feedback.
Finally, on behalf of everyone at Saltydog, I would like to wish you a very Merry Christmas and Happy New Year.
Kind regards and best wishes,
Richard Webb
Managing Director
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