After the clear result in the US elections in favor of the Democratic Party, the US stock markets posted handsome gains during November. Even though the Trump administration attempted to challenge the results in several states, these efforts fell through and now the road is clear for much needed change in the US political arena.
Following September’s decline, the S&P 500 retreated further during October as the run-up to the US elections was filled with controversy while the Covid-19 cases started picking up pace again. However, the early days of November provided a fresh lift to the US benchmark and we’re now seeing a test of earlier highs – our expectations suggest that with the election result pretty much clear now, US equities will see a short-term boost.
After a series of positive months for the US equity markets, September was meant to be a time for correction as the S&P 500 saw a moderate decline of around 4%.
Just like the two months that came before it, August was yet another bullish month for the global equity markets, with the benchmark S&P 500 returning approximately 7%.
July was another positive month for the global money markets in general as the major central banks continue their effort to stimulate their domestic economies.
June was a positive month for the global money markets in general following the major central banks’ commitment to stimulate their domestic economies with aggressive monetary policy actions.
During 2019, our flagship AENAON Syncro Algo portfolio has ranked #1 by Net Return by BarclayHedge in the “Currency Traders Managing Less Than $10M” category for the whole year.
