Nicholas Vardy
Global Stock Investor Hotline 14
Global markets continued their bullish trends this past week. While U.S. stock markets are on the verge of breaking out on the upside, most global markets have already done so. Emerging market stocks are now the single, best-performing asset class in the world. Their 35.47% rise since Jan. 1 makes the S&P rise of 1.76% through the end of May seem positively anemic.
Doubling Up on Commodities — and Locking in 164% and 139% Gains
Your Global Bull Market Alert portfolio closed the month of May on a remarkably strong note. Every single one of your positions is now showing a profit, with five stock positions showing double-digit percentage gains — the MSCI BRIC Index ETF (BKF), the iShares MSCI Chile Investable Market Index (ECH), the iShares MSCI Taiwan Index (EWT), the iShares MSCI Hong Kong Index (EWH) and Mechel (MTL). The option recommendations for the last three positions are showing triple-digit percentage gains.
Global Stock Investor Hotline 13
Global stock markets took a breather last week as most of your Global Stock Investor equity positions consolidated their recent gains. However, Asian markets soared overnight after the strong performance of the U.S. stock market yesterday. The iShares MSCI Taiwan Index (EWT) rose about 3% last week, and added another 3% overnight. The Indian market also added almost 4%, which should benefit your new position in ICICI Bank Ltd. (IBN) in today’s trading.
Betting Against the Greenback
Your Global Bull Market Alert portfolio roared ahead last week even as global stock markets consolidated their gains. All but one of your positions are now profitable, and five out of your nine positions are up by double-digit percentages. Three of your positions, the MSCI BRIC Index ETF (BKF), iShares MSCI Chile Investable Market Index (ECH) and the iShares MSCI Taiwan Index (EWT), are now up at least 20%, while both the iPath DJ AIG Copper TR Sub-Idx ETN and Russia’s Mechel (MTL) are also showing double-digit percentage gains. With the U.S. dollar weakening substantially against all of the world’s major currencies, the Market Vectors Double Short Euro ETN (DRR) is the only position that had a bad week. After moving this position to a HOLD a few weeks ago, I am now recommending that you SELL your position here for a loss.
Global Stock Investor Hotline 12
After taking a breather last week, global stock markets resumed surging again on increasingly bullish sentiment. All of your stock-related positions — Freeport-McMoRan Copper & Gold Inc. (FCX), Chemical & Mining Co. of Chile Inc. (SQM) and iShares MSCI Taiwan Index (EWT) — are hitting highs not seen since before the collapse of global stock markets last October.
The Global Bull Takes a Break as Markets Consolidate
Last week saw a long-awaited correction in many global stock markets, as stocks took a break from their relentless rise since the second week of March.