This video is an update of the Stock & Crypto Markets and our Portfolio Performance by eToro Popular Investor, Steven Budgen (bees84) for the week ending 31st December 2021.
𝗜𝗻 𝘁𝗵𝗲 𝘃𝗶𝗱𝗲𝗼 𝗜 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝘁𝗼𝗽𝗶𝗰𝘀:
00:00 – Performance & Portfolio update
02:12 – Global Market Update
13:22 – Top 3 performing Stocks of Last Week.
14:04 – Crypto Update
19:36 – Message to Copiers
20:20 – Thanks & Join our Discord Group.
𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲
– Our portfolio slightly under performed the indices for last week falling -0.5% with the Nasdaq100 -0.1% and S&P500 +0.9%.
– Out portfolio finished the year up over 117% for 2021 which was a really great result, however the first half of 2021 was better than the second half due to market conditions but still a tremendous result. Especially on the back of 205% gain in 2020.
– I will release a full 2021 summary video and 2022 Strategy this week.
𝗨𝗦
– The major indexes recorded gains for the week, as a Santa Claus rally lifted the $SPX500 to record highs, rising +0.9%. $NSDQ100 lagged & finished at -0.1% but trading on light volumes over Christmas.
– Real estate, utilities & materials sectors outperformed, whilst communication services & information technology sectors lagged.
– Daily COVID cases rose to record highs, but waning fears over severity of the omicron variant contributed to improving sentiment. Hospitalization & mortality rates remained contained.
– On Wednesday the recommended quarantine period for asymptomatic infected people was reduced from 10 days to 5 days.
– Investors also seemed encouraged by a study from South Africa, showing omicron appeared to strengthen immunity against the more severe delta strain.
– Crew shortages & CDC recommendation against cruise ship travel led to flight cancellations & declines in airline stocks & cruise liners.
– Weekly jobless claims fell back to near 50 year lows.
– Manufacturing activity showed accelerating growth. However, pending home sales surprised on the downside due to higher prices & limited inventory.
– Data compiled by MasterCard, holiday sales rose 8.5% in December versus a year earlier, biggest gain in 17 years. The data suggests supply & labour challenges may be easing for retailers, allowing them to pass on higher costs to customers.
𝗘𝘂𝗿𝗼𝗽𝗲
– European shares rose as omicron fears eased.
– COVID infections surged to record levels over Christmas in UK, France, Italy, & Spain.
– There were tightened measures in France, Italy, Portugal & Denmark to prevent the virus from spreading during NYE celebrations, including work from home measures.
– The Spanish & Italian parliaments approved 2022 budgets that include funds paid out under the European Union’s recovery program. In Spain, spending plans total 240 billion Euro, the largest in the country’s history.
𝗖𝗵𝗶𝗻𝗮
– Chinese markets ended an extremely tough year with modest losses for the week. the HK50 fell -14% for 2021, its worst performance in a decade.
– China Securities Regulatory Commission published draft rules that would require Chinese companies seeking to IPO abroad to register with them.
– China’s PMI readings rose more than expected in Dec at 52.2%, unchanged from November’s reading. The restocking demand on the back of normalised raw materials prices & policy easing drove the improvement.
– Industrial firms rose in November from a year ago at a much slower pace compared with October’s year on year increase, weighed by lower raw materials prices, the nationwide property slowdown & weaker consumer demand.
– Top 3 Performing Stocks of last week.
𝗖𝗿𝘆𝗽𝘁𝗼 𝗨𝗽𝗱𝗮𝘁𝗲:
1. Bitcoin experienced a tough week, dropping by 6% after it was at the high end of the recent trading range on Tuesday at $52K but now is hovering mid range at $47.5K.
2. End of year institutional investor rebalancing and tax harvesting.
3. Microstrategy has purchased an additional 1,914 BTC & now owns 124,391 bitcoin.
4. There was a new analysis released last week by Cryptorank claiming only 6.3% of total BTC supply is left on exchange wallets.
5. The Polygon team has released a report regarding a network vulnerability, a whitehat hacker notified developers about a vulnerability in Polygon’s MRC20 contract that could of allowed an attacker to steal MATIC tokens.
6. On 23rd December, the second round of the Polkadot Parachain auctions went live with 12 Parachains participating for 12 weeks.
7. The importance of breaking out of the range and future projections.
– Message to Copiers.
– Thanks for listening & join our Discord Community.
———————————————————————————————————————–
📈 I am a Popular Investor on eToro so check out my profile: 𝙏𝙤 𝙫𝙞𝙚𝙬 𝙢𝙮 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 (bees84):
𝗘𝗮𝗿𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗖𝗿𝘆𝗽𝘁𝗼 𝗼𝗿 𝗦𝘁𝗮𝗯𝗹𝗲 𝗖𝗼𝗶𝗻𝘀 𝗮𝘁 𝗡𝗲𝘅𝗼:
source