Welcome back guys!
Thank you all for the big support!
Welcome to all the new paid subscribers: remember that you have full access to the model portfolios and to every change in the asset allocation.
In case you want to read the introduction of the two portfolios I’ll leave the link below:
If you haven’t subscribed yet, do it now!
Moreover within the end of the week I will post a new market outlook!
Now it is time to talk about the Balanced Portfolio and the allocation adjustments.
Firstly I will show you the current portfolio and the performance, then I will list the monthly purchases in order to rebalance the portfolio.
January has been a tough month for bonds and stocks: both asset classes have been subject to strong falls, mainly because of the very hawkish postion taken by the principal central banks. Now markets expect 7 rate hikes from the FED and 2 from ECB, much more than one month ago. Moreover the rising tension in Ucraine put even more pressure to the risky assets.
The sell-off overwhelmed especially tech stocks, long duration bonds, and high yield bonds.
On the other side, there have been some winners that had a positive performance in the month.