Monday, 19 August 2013

S-T Portfolio Update

The market has been in  a " slump " mode few weeks back with anticipation of  Fed bonds gradual reduction  with 85b which FOMC would have their minutes coming out on 21 Aug .

How would Mr Market react ? Would he slump or stabilise ?

U.S. housing starts rose 5.9% from June to a seasonally annual rate of 896,000 from June’s revised figure of 
846,000. This was less than expectations of 900,000.

Consumer confidence unexpectedly dropped in August from a six-year high as Americans faced rising interest rates.

With news of tapering and rising interest , Reits  have been hit hard . Had divested Both Feht and Clt to cut loss. The yield has started to be attractive i would say but the risk of uncertainty looms . 

Would seek opportunities in the upcoming months but not probably in Sept . 

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