Dear client,
We hope you are all well.
We have culminated a week in which we have seen strong rises in the world’s stock markets, especially in Europe, supported by a greater monetary impulse from the ECB and much better than expected employment data in the US. Although in the short term the stock markets may recover more, the truth is that the economic reality is not so promising and we must be cautious with this movement as valuations are excessive.
In this environment our portfolios have fallen slightly during the week, although the closed profit has been significant. This week’s movement has led to a significant change in the portfolios as our positions in the Australian dollar, Canadian dollar and euro have reached closing levels and now the model gives us great opportunities against the Australian dollar, i.e. the portfolio is now more defensive. We still like to see market volatility and how our positions continue to rotate significantly. We continue to see high appreciation potential.
As always, we reiterate that we are at your disposal for anything you may need.
Best regards.
@GrantiaCapital 
@GrantiaCapital