Your Global Stock Investor portfolio had a solid week, with most of your positions either flat or rising.
With global stock markets in a funk over the past few months, we’ve had to look toward other asset classes and instruments to generate trading profits. One of these areas has been currencies.
The last two weeks have seen big movements in your Global Stock Investor portfolio as risk aversion has returned to financial markets and global stock markets have sold off sharply.
Carefully balanced between both "bullish" and "bearish" positions, your Global Bull Market Alert portfolio had a mixed week with defensive positions soaring, and bullish picks set to climb during a coming rebound in a highly oversold market.
Despite the sell-off in global stock markets over the past few days, the news so far in 2009 has hardly been all bad. Overall, stock markets have been strong since Thanksgiving. We had a traditional Santa Claus Rally. And the performance of the market in the first five days of the New Year has set a positive tone for the coming year. It is an old Wall Street maxim that as the first five days of January goes, so goes the market for the year. How did the Dow and the S&P 500 do on this measure? They each registered gains of 1.2% and 1.8%, respectively, over the first five trading days of 2009.
The last two weeks have seen big changes in your Global Stock Investor portfolio.