As ever I am tight for time so I will try and just limit this one to some ‘admin’ stuff and then get straight on to the Charts. I have been watching the Argentina MotoGP all afternoon and with the ‘Special Project’ I have been on about being issued tonight and with a TPI Podcast that went out yesterday, I worry you’ll all be fed up of me !!
Last Week My Portfolio eked out a tiny gain of 0.15% on the Week but with all the Hedging and stuff I am quite happy with that. It has been a bonkers time for Politics and all that as we know and it is highly likely that we will see more of that in the coming Week and quite possibly for many Months to come. I have written huge amounts about this in recent Weekend Markets Blogs and you can look back at those if you want some points to weigh up but my Strategy is staying exactly the same of doing very little and staying Hedged. If you look at my Twitter Feed I put out loads of stuff on the Political nonsense every day and I try to keep the stuff pretty objective and relevant to how it can impact our Stocks.
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I’m starting this late tonight so I will try to keep it short, although of course that tends to be against my nature once I get near the keyboard. The Markets took quite a beating on Friday and I want to get to the Charts and see what they are telling us with regards to the liklihood of further falls - it is clear that the Brexit thing is just utter chaos and anything could happen on that score with some scary possibilities like a General Election or various ways of extending the pain coming into view. The last thing this Country needs now is to keep stretching out the pain as Consumer Confidence hits the floor and Business Investment just dries up. Throw in the Economic woes across Europe and with China looking as iffy as it has done at any time over the last 20 years, then the backdrop is not pretty. Oh, and we have the Mueller Report about to become public and even though the brief is that there are no further bits of Court action coming from it, that doesn’t mean that Trump has got off scot-free - it could easily be the final straw in his, er, turbulent, Administration.
What a nutty Week in Politics - it just seems like any previous ‘achievements’ in Parliament are simply being smashed to pieces in the current turmoil with one of the most bonkers being Theresa May now holding the records for the First and Third largest Parliamentary defeats in history - I am convinced she is trying to get the hat-trick. Usually Prime Ministers would resign on just a minor defeat but we can just throw the previous precedents out of the ornate stained-glass windows because they mean nothing.
Probably the hugest irony though is that if you had done a Poll for who was the most likely Party Leader to not be in situ by the end of the Week, then absolutely nobody would have plumped for Vince the Cable - that is simply mystifying. Having said that, he has been notable by his absence ever since he was made Leader of the Libdems. One of the other nutty events was the latest Brexit Minister, Steven Barclay, doing the summing up speech on a Government motion and using the traditional words “I commend this motion to the House” only then to vote against that very motion himself !!
As I have been promising for several weeks, I have been involved in a ‘Special Project’ which is a FREE eBook written by Michael @Vilage_Idoit and a couple of Days ago it went live and you can get a copy by clicking on the Book image just below and then completing the form and the eBook will be emailed to you.
If you find the Book doesn’t appear - then check your ‘Spam’ Folder because it might be there and if not then contact Michael and I am sure he will get it to you. If not, give me a shout and I will make sure you get it. The first time you click the Link the Book will appear as a Pop-up but on subsequent visits it might not appear but at the Top of Michael’s Homepage there is a little Orange Button you can click instead.
“Rainy Days and Sundays”, not quite a Carpenters tune but after such glorious weather just a few days ago we have been treated to a total wash-out today and any plans I had to start seriously on the Jardin de Wheelie have been totally sidelined. So much for Spring…..
Well that’s 2 Months done and a sixth of the Year used up already - I wonder what the next 10 Months will have in store? - I suspect things will not be as strong on the upwards tack as they have been so far in 2019 as of course we have Brexit to navigate and Markets are up near All Time Highs again in the US (although not in the UK and Europe) and the situation we had during 2018 where Stocks were seen to be very highly valued is back again very quickly. Summer is usually a difficult time for Markets but March to May can be ok (although Summer Sell-offs often start in May) - but with Brexit and a ‘hot’ Market at the moment, we must be getting near some sort of Pullback or at least a Consolidation period where things go sideways and calm down a bit. |
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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