Global markets are looking choppy today with the fear & greed index firmly in fear territory. There are many factors influencing things at present but these are the key areas in focus:
> The collapse of $03333.HK (China Evergrande Group) (China Evergrande), which has been plummeting for the past few days. This has compounded the continuing slide of Hong Kong and Chinese markets. A knock on effect is now feared for wider global stocks, as the pain continues in China.
> The political debates and uncertainty around the extension of the debt ceiling, the new infrastructure bill, fears around stagflation and the upcoming announcements from the fed around tapering.
> The current concerns over the delta virus and the related data, which shows that the global recovery still has a long way to go.
It is an uncertain moment to be fully invested in equities. Commodities such as $GOLD and SILVER are also likely to be affected by upcoming announcements together with the $USDOLLAR Our portfolio is currently around 73% invested in US and UK equities with 27% cash on hand. This ratio is likely to remain in place until there is more clarity on market direction or we encounter a significant correction. Direct exposure to China is no longer a concern, and with a respectable cash balance we should be protected from any significant drop.
Over the weekend I established several new channels for copiers/followers to connect and access portfolio & market updates.
These are listed below:
Website: bravecapital.site
LI: www.linkedin.com/company/bravecapital/
FB: www.facebook.com/bravecapitalfb
TW: twitter.com/Nick_Bravery Moving forwards these channels will be updated daily /weekly