**HOT OFF THE PRESSES**
We just issued another TPI Podcast - this one ends a bit sharply because we had a tech hassle but we decided to issue it anyway as didn’t want to lose the discussion up to that point !! https://soundcloud.com/user-479955511/wheeliedealer-and-conkers3-talk-investing-returns-ytd-trading-updates-cake-stocks I better say it quietly because I don’t want to jinx things but it is fair to say that 2019 has started pretty well and Indexes are up a bit and thankfully my Portfolio is showing a gain despite getting kicked hard by the Patisserie Valerie CAKE collapse and there really seems to be a much better ‘mood’ to the Markets. The other positive thing that strikes me is that we are getting loads and loads of Trading Updates and Results in, especially the last couple of Weeks, and on the whole they are pretty good and I have noticed that a few Stocks that were troubled last Year are at least not getting any worse in their Trading and some are turning things around. So of course the obvious question is whether or not it is for real?
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I’m going straight into the ‘Last Week’ bit tonight as I want to run through my current thinking around my Hedging Strategy as this has evolved over the last Week or so. At the Close on Friday my Portfolio was down 1.1% for the Week and the damage was done earlier in the Week and then we had a ‘weird’ Friday where the Indexes rallied really hard all day and of course this hit my Short Positions a lot (I have Shorts on the FTSE100 and the S&P500) and overall for Friday I ended up flat because my Long Positions balanced it out.
Friday helped to refine my thinking on the Hedges because I ended up down the Pub (I fully recommend this to everyone as the proper way to use a Friday !!) and it was quite perplexing to be seeing the Indexes rallying so hard and thinking of the damage this was inflicting on my Short Positions (obviously I would prefer the Markets to fall for those Positions !!) but in the cold light of day I am much more relaxed about it as I will explain.
As always I am typing this on Sunday Night and it’s pretty obvious we are on the verge of what could be an extremely dramatic and probably chaotic Week in terms of the Politics around Brexit and the ‘Meaningful Vote’. The Vote is due on Tuesday Night at 7pm and it seems highly likely that the Government will be defeated and this means that Jezza Corbyn is probably going to call for a ‘No Confidence’ Vote in the Government which I guess would take place on Wednesday or at least quite soon afterwards - and although it would be a surprise if Corbyn was to win because the Parliamentary maths are against him as long as the DUP vote with the Tory Party, there is a chance Parliament will be dissolved and we could face a General Election. I think T May is likely to do a Speech to Parliament just after her Deal gets defeated and it will be interesting to see if she has anything new and relevant to say.
This is my first Market Blog for 2019 so I better wish all Readers a ‘Happy New Year’ and all that. I must say it is a very welcome change as 2018 was a pretty mucky Year for me in so many ways and I am well happy to see the back of it. In addition, I am hoping that things will now be getting ‘back to normal’ after the Christmas Period because as much as I love a break from the Markets and stuff, it actually starts to irritate me that things are just so ‘on hold’ when we get to this time of Year. It’s all the silly things that get me like how TV is just so appalling (yes, it really is worse than ever !!) and how the Houses of Parliament clear off for Weeks and Weeks so the Political News is all pretty non-existent which hasn’t helped with the Brexit fiasco and even the Supermarkets and stuff go a bit weird and you find their Shelves are poorly stocked often and they start changing the layouts back after redoing them to expand Xmas ranges and of course now you can’t find anything you want !!
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Stocks & Markets WheelieBlogsThese tend to be more Markets and Stocks related and timely - the Blog Page on the Main WheelieDealer Website has the 'Educational' stuff (well that's the theory anyway !!). Archives
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