Virtual Portfolio Update – January 20th 2017 – Portfolio + 15,08% – YTD + 1,04%

 

All principal DM indices are flat or down on the week : SMI -2,09%, FTSE100 -1,90%, CAC40 -1,46%, Eurostoxx 50 -0,80%, Nikkei -0,77%, Nasdaq -0,34%, SP500 -0,15% & DAX +0,01%. The best performers are EM with Turkey +1,89%, Brazil +1,37% & Shanghai +0,33%.

Markets are in a low volatility/consolidation period since more than one month and a break out of recent ranges (see last post for SP500 specifically) will define next direction .

 

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