February Performance Posted
The current state of the market is very murky. There are many issues to consider: increasing crude oil and commodity prices – is it a bubble?, increasing wholesale inflation caused by the 2% Fed Funds Rate, further financial write-downs on sub-prime and CDO assets, and the general state of the economy. Before opening positions, Ares Trading is looking at all the factors and determining the broad sector trends to exploit through options and other financial products.
In the meantime, the performance for February has been posted. Ares Trading had approximately $2,000 to invest but managed to gain 31% through 11 positions and an average holding period of 4 days. Details of February can be found in the “Performance” page. In addition, an excel with all the holdings can be downloaded.
Picks for July, with rationale, will be posted Sunday June 22nd.
