Sweat Your Assets Monthly Digest - August 2024

1. Quotes of the Month
2. Latest Posts
3. Market Barometer
4. Podcast

1) SWEAT YOUR ASSETS - QUOTES OF THE MONTH

• The opportunity´s dicothomy. The strategy required to find a great opportunity (lots of saying yes)  is different from the strategy required to make the most of a great opportunity (lots of saying no and remaining focused). James Clear 
• Economists. He once joked that any firm which hires an economist has one employee too many, and says he has never made any investment decision based on an economic prediction. Warren Buffett 
• Health and Youth.  I think you will give me everything you own in 25y time to get the age you are now and the health you have now. Jim Carr in conversation with Steven Bartlett

3) MARKET BAROMETER - August 2024

An eye view of Stock Market Indicators:

• US Fed Interest Rates: 5.25-5-50 

No changes trading economics), since July 2023. There are indications that the Fed might consider a rate cut in September 2024, depending on further economic data. Inflation has shown signs of decline recently, but it remains above the Fed's 2% target, and the unemployment rate has also seen a slight increase, which could prompt the Fed to adjust its policy to support the labor market

• ECB Interest Rates: 4.25 

No Changes, European Central Bank)​​ since June 2024 (when they raised the interest rate by 25 points), reflecting the ECB's current stance on monetary policy aimed at managing inflation and supporting economic stability within the euro area​. 

• My Key Indicators:

Comment: Overall, August 2024 was marked by mixed performances across asset classes, with equities showing some resilience despite macroeconomic headwinds (rocky start of the month for US and Asian markets, partly recovered by the end of August), while fixed income and currency markets reflected concerns over inflation and central bank policies. 

Personally, I had good results among several asset classes: Gold, REITS and even Equities. 

4) SWEAT YOUR ASSETS PODCASTS

Check out my latest Podcast Episodes on your favorite Players. 

Until next month, 

SWEAT YOUR ASSETS

Alessandro Baroni

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