"One of the funny things about the stock market is that every time ...
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Market Statistics - Return (%) Month YTD Month YTD US Index 96.022 0.5150% -2.6965% Nikkei 225 16887.4 1.9200% -11.2764% S&P 500 2170.95 -0.1219% 6.2140% Shanghai 3085.49 3.5632% -12.8191% FTSE 100 6781.51 0.8488% 8.6377% Gold 1308.97 -3.1311% -33.2226% CAC 40 4438.22 -0.0358% -4.2881% Crude Oil 44.7 7.4519% 20.6803% Page 1 of 3 "One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute" - William Feather Markets drifted sideways most of the week as they anticipated a key policy speech from Fed Chair Yellen at Jackson Hole on Friday. Volumes were light and ranges remained narrow despite relatively heavy news flow including economic data releases and late season earnings reports. After ending last week near $50/bbl, oil prices backed off early in the week exaggerated by a roll in the front month futures contract. Press reports continued to focus on the September meeting of energy producers in Algeria and the potential for coordinated action, but the likelihood of a meaningful agreement still seems low. Friday's Jackson Hole meeting did induce some broader market volatility, but the trading flows only picked up after Fed Vice Chair Fischer came on TV to offer his explanation of what Chair Yellen attempted to lay out in her speech earlier. The US Dollar firmed and interest rates backed up while stocks came under modest pressure after the two highest ranking Fed officials illustrated their view that the economy continues to improve at a pace that has strengthened the case for at least one rate hike this year. The US benchmark 10-year yield has broken out to a three month high to close above 1.60%. In the wake of the Jackson Hole comments, the Dow swung more than 230 points, its biggest one-day move since late June. For the week, the DJIA lost 0.9%, the Nasdaq fell 0.4%, and the S&P500 dropped 0.7%.
Transcript of "One of the funny things about the stock market is that every time ...
Market Statistics - Return (%) Month YTD Month YTD
US Index 96.022 0.5150% -2.6965% Nikkei 225 16887.4 1.9200%
-11.2764% S&P 500 2170.95 -0.1219% 6.2140% Shanghai 3085.49 3.5632%
-12.8191%
FTSE 100 6781.51 0.8488% 8.6377% Gold 1308.97 -3.1311%
-33.2226% CAC 40 4438.22 -0.0358% -4.2881% Crude Oil 44.7 7.4519% 20.6803%
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"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute" - William Feather
Markets drifted sideways most of the week as they anticipated a key policy speech from Fed Chair Yellen at Jackson Hole on Friday. Volumes were light and ranges remained narrow despite relatively heavy news flow including economic data releases and late season earnings reports. After ending last week near $50/bbl, oil prices backed off early in the week exaggerated by a roll in the front month futures contract. Press reports continued to focus on the September meeting of energy producers in Algeria and the potential for coordinated action, but the likelihood of a meaningful agreement still seems low.
Friday's Jackson Hole meeting did induce some broader market volatility, but the trading flows only picked up after Fed Vice Chair Fischer came on TV to offer his explanation of what Chair Yellen attempted to lay out in her speech earlier. The US Dollar firmed and interest rates backed up while stocks came under modest pressure after the two highest ranking Fed officials illustrated their view that the economy continues to improve at a pace that has strengthened the case for at least one rate hike this year. The US benchmark 10-year yield has broken out to a three month high to close above 1.60%. In the wake of the Jackson Hole comments, the Dow swung more than 230 points, its biggest one-day move since late June. For the week, the DJIA lost 0.9%, the Nasdaq fell 0.4%, and the S&P500 dropped 0.7%.
FXMA program returned 6.13% in August, outperforming its benchmark by 8.31%
FXMA PLUS program returned 6.13% in August, outperforming its benchmark by 8.31%
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Disclosure: Past performance is not necessarily indicative of future results and individual returns may vary amongst investors. Investment return and principal value will fluctuate so that an investor’s account may be worth more or less than their original investment. An investment with Boston Merchant Financial is speculative, involves a high degree of risk, and is designed only for sophisticated investors who are able to bear the loss of more than their entire investment. Read and examine the disclosure document before seeking BMF’s services. This document has been created for informational purposes only. This is not a sales solicitation on behalf of BMF. The services and/or products described herein are not being offered within Canada or the United States and not being offered to US and Canadian residents and/or citizens, as defined under US and Canadian law
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Growth of $1,000 (since inception) FXMA Plus S&P 500 US Treasury 10YR BTOP FX Index
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$5 000 Growth of $1,000 (since inception) FXMA S&P 500 US Treasury 10YR BTOP FX Index
FXMA Monthly Performance Year 2011 2012 2013 2014 2015 2016 January 2.00% -1.70% +2.37% +0.77% +1.09% +2.43% February 2.16% +0.52% +0.12% -0.11% -11.24% -0.58% March 3.37% +1.62% +2.30% +0.25% +2.21% +1.82% April 4.09% +2.37% -0.34% +0.63% -6.53% +4.02% May 3.62% -1.80% +2.54% +1.35% +0.73% +4.49% June 0.41% +6.38% +2.10% +1.14% -1.65% -18.0% July 1.40% +2.57% +0.87% +1.04% +0.56% +0.03% August 0.91% -1.38% +1.066% +1.09% +0.53% +6.13% September 1.87% -0.76% +1.703% -1.71% -3.78% October 2.70% +2.31% +1.22% +1.71% 2.12% November 1.20% +0.10% -0.50% +1.14% 0.98% December 0.72% +0.03% +0.33% +1.08% 1.67%
FXMA Statistical Analysis (Since Inception) Cumulative Return for 2016
-1.86% Annualized Excess Return 2016
-12.99% Cumulative Return Since Inception
301.46% Annualized Excess Return2014
15.95% Annualized Excess Return 2016
0.84% Annualized Excess Return2013
7.20% Last Month Aug 2016
+6.13% Annualized Excess Return2012
32.58% Second Quarter 2016
-10.86% Year 2011 160.57%
Best Month 34.72% Year 2010 1.6824%
Maximum Drawdown
-18.00% 3 Year l 286.04%
FXMA PLUS Monthly Performance Year 2012 2013 2014 2015 2016 January -1.80% +3.59% +0.89% +1.14% +4.40% February +0.42% 0.37% -0.15% -8.95% -1.42% March +1.67% 3.03% +0.37% +1.75% +3% April +2.46% -0.94% +0.96% -14.79% +4.15% May -2.11% +3.28% +1.68% +0.59% +3.78% June +7.83% +2.69% +1.46% -1.37% -18.0% July +3.82% +1.29% +1.32% +0.55% +0.03 August -2.18% +1.52% +1.50% +0.69% +6.13% September -1.24% +2.22% -2.28% -4.66% October +3.79% +1.64% +2.05% 2.64% November +0.03% -0.47% +1.17% 1.22% December -0.2% +0.37% +1.41% 1.75%
FXMA PLUS Statistical Analysis (Since Inception) Cumulative return for 2016 -0.26% Annualized Excess Return
2015 -18.76%
Cumulative Return Since Inception 51.88% Annualized Excess Return
2014 1.51%
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Annualized Excess Return 2016 1.41% Annualized Excess Return
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Last Month Aug 2016 +6.13% Annualized Excess Return 2012
Second Quarter 2016 -11.35% Annualized Excess Return
2010 Best Month 7.83% Year 2011
Maximum Drawdown -18.00% 3 Year (2011-2013)l
