My personal portfolio
A new trade opened
Suspecting there may be a little more life in the global stock market cycle before the next significant correction occurs, I bought the German DAX Index today, paying 9920.8 for a September contract, including spread-bet dealing costs. I selected the German export giant because it should benefit further from a combination of the ECB’s accommodative monetary policy, the soft euro and also because DAX is unusual in that it is calculated on a total return basis. I am hoping that it encounters only temporary resistance at the psychological 10,000 level.
I also have trading long positions in the JPMorgan Chinese Investment Trust (JMC LN), The JPMorgan Indian Investment Trust (JII LN), plus silver, gold and platinum.
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