Another poor week for stocks
But many on TPP fared well.
February 23, 2022
In case you missed it, here's our synopsis of the markets this week.
Stocks on Wall Street slid on Friday, registering their second-consecutive weekly loss as tensions between Russia and Ukraine intensified at the end of a volatile five trading days.
The S&P 500 fell 0.7 per cent on Friday as traders removed some of their bets ahead of a long weekend, girded for news that could move markets. The decline took the losses for the index this week to 1.6 per cent. The technology-heavy Nasdaq Composite slipped 1.2 per cent on Friday and finished the week down 1.8 per cent.
Market moves this week
Year to date in brackets:
S&P500 -1.58% (-8.76%)
Dow Jones -1.90% (-6.22%)
Nasdaq -1.81% ( -13.4%)
FTSE -1.91% (1.75%)
Dax -2.52% (-5.30%)
CAC 1.04% ( -3.12%)
The Portfolio Platform
Cambridge Futures 1.65% (7.6%)
European Index 0.77% ( 2.1%)
SP500 Trader 1.70% (0.3%)
Cambridge FX 1.00% (1.6%)
Financial markets have swung sharply over the past week as developments in Ukraine added to fears of potential sanctions against Russia, exacerbating market jitters about inflation and central banks raising interest rates. The S&P is down nearly 9 per cent for the year, after hitting a record high in January, while the Nasdaq has lost 13.4 per cent.
UK and US inflation has hit recent highs and markets are predicting that the Federal Reserve and the Bank Of England will lift interest rates sharply over the next 12 months.
There is an awful lot of red on the board above, but it’s clear to see that once again, TPP is holding its own. As financial markets have fallen in 90% of the world, our traders are still posting profits. Not a single one of this weeks traders is down money on the year, and one (CF) is actually up 7.6%!
Keep it up, and thank you to these traders from all our users who are autotrading them. Making money when the markets are falling, is not an easy thing to do.
For more information on how you can link your account to our traders and build the equivalent of your own online hedge fund, please contact us here
“TPP might just be about to revolutionise investment for the retail market.”
- London Stock Exchange 2020