Saturday, 3 December 2016

Nov 2016 Portfolio

Hi guys,

The month of November certainly contained some interesting and explosive news. First, Donald Trump won the US election against Hillary Clinton and the US markets rose to its highest levels instead of dropping as many would expect. Second, OPEC agreed to a production cut in eight years of about 1.2 million barrels per day. This cut would attempt to include the non-OPEC country in a bid to control and give balance to the overflowing crude oil market. Third, there was an increased chatter on the FED interest rate hike being highly possible in Dec due to the low jobless rates. This likely led to the steep drop in US treasury since 2009.