I felt it would be good to track the returns regularly since they fluctuate occasionally depending on the stock market.
Here are the movements for this month. USA, SPY, BCIP, and S-Reit ETF reached all-time highs. USA fund shot up not just because of market movements, but because I sold some losing positions to rebalance.
For the Robo-Advisors, most went back up again after the retracement of the previous month. For Syfe Reit, it has completed its double-dip pattern.
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 14% but is still too high.
Market events over the last month:
Interest rates are now at the historic high of 5.5%, which means the Fed has ample room to cut.
"Chair Powell's speech made it clear that there are likely a series of rate cuts on the way, and some could be of the 50-basis-point variety," wrote Omair Sharif, the president of Inflation Insights. "While some Fed officials may want to go in 25-basis-point increments, the Chair retained optionality ... i.e., 'we'll go 50 basis points if we feel like it is needed.'"
Markets are betting the Fed's policy rate will be in the 3.00 - 3.25 per cent range by the end of 2025, more than 2 percentage points below where it is now.
Onwards!
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ReplyDeleteSingapore’s leading banks DBS Group (SGX: D05), OCBC Ltd (SGX: O39), and United Overseas Bank Ltd (SGX: U11) have all delivered a robust set of results.
Despite pressure on the net interest margin, loan growth and non-interest income (Non-II) more or less offset the drop, resulting in all three banks reporting higher total income for the quarter.