Quite nice to occasionally have a quiet week but it’s not always the best environment for our traders.
September 22, 2021
It’s been a strangely slow week given the amount of data we’ve had out. The Bank of England meeting had no real impact, non-farm payrolls came out strong and sent US markets a little higher yesterday afternoon; BUT, does this mean we’ll get tapering and rate rises sooner? Is the good news actually bad news?
On the week the FTSE is up 1.3%, the Dax 1.4% but the CAC led the way with a gain of 2.2%. The Dow Jones in the US was also up a bit (0.78%) with most of that being on Friday afternoon. It was another flatlining week out of Asia with no real action to speak of.
Sorry we don’t have more to report. It was a fairly uneventful, yet slightly positive week all round. Quite nice to occasionally have a quiet week but it’s not always the best environment for our traders.
So, with the leading index of the week being the CAC in France, did any of our traders outperform that?
Of course that’s a rhetorical question. Here are the ones that did:
European Stock Basket: 2.2%
Profit Diversification: 2.8%
Nikkei Buy and Flat: 2.8%
Cambridge Futures: 4%
Not a record breaking week but solid performances that should keep all their autotraders happy.
Have a great weekend and if you’re not linked to these traders, then maybe you should ask yourself why.
For more information please feel free to email us here, or book in a call with one of our directors to hear more.
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- London Stock Exchange 2020