Hello Everyone,
Here is a link to the July Newsletter.
Stock markets have continued to recover from the sharp falls that we saw earlier in the year, which were triggered by new US tariffs. Investors have become more optimistic that trade tensions will not spiral out of control, and a substantial amount of money has started to move out of the money market funds and back into the stock markets.
Over the last few months, the total number of sectors making gains has been steadily increasing.
In March, only five of the 34 sectors went up – the worst result for a long time. April was better, with 17 sectors making gains, and by May that number had increased to 29. June was the best month we have seen for over a year, with all sectors posting positive returns.
Since last month’s newsletter, both portfolios have made further gains. The amount allocated to the ‘Safe Haven’ group in our Tugboat portfolio has continued to fall, while our more adventurous Ocean Liner is, to all intents and purposes, fully invested.
As always, I hope you enjoy this month’s newsletter, and I look forward to hearing any feedback.
Stock markets have continued to recover from the sharp falls that we saw earlier in the year, which were triggered by new US tariffs. Investors have become more optimistic that trade tensions will not spiral out of control, and a substantial amount of money has started to move out of the money market funds and back into the stock markets.
Over the last few months, the total number of sectors making gains has been steadily increasing.
In March, only five of the 34 sectors went up – the worst result for a long time. April was better, with 17 sectors making gains, and by May that number had increased to 29. June was the best month we have seen for over a year, with all sectors posting positive returns.
Since last month’s newsletter, both portfolios have made further gains. The amount allocated to the ‘Safe Haven’ group in our Tugboat portfolio has continued to fall, while our more adventurous Ocean Liner is, to all intents and purposes, fully invested.
As always, I hope you enjoy this month’s newsletter, and I look forward to hearing any feedback.
Kind regards and best wishes,
Richard Webb
Managing Director
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