Hello Everyone,
Here is a link to the November Newsletter.
Despite some ups and downs along the way, most stock markets made gains in October, with several going on to set new record highs.
This generally buoyant performance was reflected in the sector results where, as in September, most sectors made gains.
Both portfolios have gone up since the last newsletter, delivering the best month that we have seen in a long time. The Tugboat was up 3.2%, while the Ocean Liner gained 4.7%.
Unfortunately, this month has not started well. The US markets in particular have slipped again, this time on mounting concerns about excessive valuations, especially in technology and AI-related stocks, and the growing risk of a meaningful correction.
As always, I hope you enjoy this month’s newsletter, and I look forward to hearing any feedback.
Despite some ups and downs along the way, most stock markets made gains in October, with several going on to set new record highs.
This generally buoyant performance was reflected in the sector results where, as in September, most sectors made gains.
Both portfolios have gone up since the last newsletter, delivering the best month that we have seen in a long time. The Tugboat was up 3.2%, while the Ocean Liner gained 4.7%.
Unfortunately, this month has not started well. The US markets in particular have slipped again, this time on mounting concerns about excessive valuations, especially in technology and AI-related stocks, and the growing risk of a meaningful correction.
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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