Dear readers,
What a difference the past two weeks make!
Have you benefited from the sharp rally in the equity markets?
Or did u cut loss on your long positions and initiated shorts after the Brexit and cut loss on your shorts due to the sharp rally?
Two weeks ago, I said that I might raise my percentage invested from 71% to 150 – 200% on sharp market selloffs (see HERE). I also mentioned that I have told my clients who are mostly in cash to accumulate some stocks on dips. Indices such as S&P500 and STI have soared above the pre Brexit level. In fact, S&P500 closed at a record closing high last Fri.
What should we do in the next two weeks? Read on for more.
S&P500 Index
Just to recap what I have mentioned on 24 Jun 2016 (see HERE), I wrote “Given the ......