Monthly Investment P/L: HK$489,000
Things were mostly V-shaped recovered since the war. Was actually up +800k at one point.
Gold has been stagnating and pulling back though so the P/L hasn’t fully recovered.
Anyway BTC did very well and stocks are at ATH again.
Current Portfolio:
HKD/USD cash: 4.33% (4.69%)
US/JP stocks: 52.6% (52.05%)
Bitcoin (USD): 42.81% (39.48%)
Gold (USD): 78.37% (84.47%)
YEN cash: 4.65% (4.86%)
JPY shorts: -82.77% (-85.55%)
—
Leveraged came back down a bit as investment recovered.
MOF did a damn intervention though so the yen shorts went up on its own on the last day.
Anyway, BTC has gone up quite a bit and I even trimmed some off the top.
Bought a little gold on the weakness although not too much.
US+JP Equity
Well ATH did not take long.
Strongest V-shaped recovery in recent history and the drop wasn’t even that much to start with.
Anyway many stocks are making ATH and just ripping face.
JP stocks kind of stayed flat this month though.
Gold
Pretty much stayed in the 4.6k range the whole month.
Went up to 4.8k briefly before coming back down again.
Wonder if it’ll be a long few months of consolidation.
I think bottom should be around 4.2-4.4k though … and maybe it’ll go up again in a few months?
ATH of 5.5k coming again this year possibly? Let’s see
Crypto
Surprisingly the strongest performer of the month.
Basically trading up in the 70k ranges now and closed close to 80k.
Haven’t broken the 80k line yet but I am kind of bullish short-term now with the bears piling in at the highest short financing rates.
USDJPY
was really boring around 158-160 range until MOF did an intervention.
Although not sure why they would choose this time to do so.
Fell to 155 at one point and closed around 157 for the month.
In any case, my thesis is these interventions will be less and less effective.
And I think this is playing out, with the market pretty much stabilizing around the 156-157 range.
For now at least it seems that it isn’t going to cut back down to the 150-155 range.
Wonder if they would do another intervention though. In any case if it’s 150-155 I would think it’s the limit without something else dramatic happening.