Monthly and YTD Performance: July 2022, +5.8%

Mark NugentAug 2022, Performance

Monthly and YTD Performance: July 2022, +5.8%

July was the second-best month of the year, with a gain of 5.8 percent.

Six trades were placed, with 3 winners and 3 breakeven.

The highlight of the month came in the last week, when the Fed increased rates by a further 75 basis-points and Chair Powell said, “We are now at levels broadly in line with our estimates of neutral interest rates, and after front-loading our hiking cycle until now we will be much more data dependent going forward.”

The markets interpreted this as the end of big, chunky hikes, and a return to a more normal, and, like he said, data-dependent, hiking cycle. Predictably, equities rose, and the USD fell. I hopped on the S&P500 after Powell’s statement and got out on the last Friday and trading day of the month for a gain of 2.9 percent.

The video contains more information on the rationale for all the trades and their management. This is a great learning resource. There’s always something to learn from this kind of post-event review.

You can download the video HERE.

The trade-by-trade spreadsheet is HERE.

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