I felt it would be good to track the returns regularly since they fluctuate frequently depending on the stock market.
Here are the movements for this month. There is a general upward recovery across all my portfolios.
For the Robo-Advisors, there is a general upward recovery across my portfolios, except for the Reits portfolio.
Additionally, I think it will be interesting to see the breakdown of my portfolios in percentages (below). There is a component 'X' which I do not want to disclose for now. The concentration of 'X' is now 4.4% but is still too high.
Several factors appear to have contributed to the market movements over the past month:
- US-China Trade Relations: News of an agreement to temporarily slash tariffs between the U.S. and China provided a significant boost to market sentiment, particularly in the latter part of the observed period.
- US duties on imports from China dropped to 30 per cent from 145 per cent, while Chinese duties on US imports were reduced to 10 per cent from 125 per cent.
- Economic Data and Central Bank Outlook: Investors have been closely watching economic indicators such as inflation (CPI) and Producer Price Index (PPI) data. While some reports indicated softening inflation, comments from Federal Reserve officials regarding the uncertain economic outlook continued to influence market sentiment. Expectations around potential domestic interest rate cuts in some regions, like India, also played a role.
- Geopolitical Factors: Easing geopolitical tensions in some regions, such as between India and Pakistan, were cited as a positive factor for specific markets. India and Pakistan almost went to war, but just as quickly as it started, it dissipated with some US intervention.
