THE FIRST HALF OF 2020
The first half of 2020 was overshadowed by a single event and its consequences - Covid19. This pandemic has not only brought the global economy and political processes to an abrupt halt but has also caused social unrest. Suddenly, commodities prices and stocks have been revalued in the face of a frozen economy and the complete restructuring of social life (i.e. social distancing).
It became apparent how fragile the economy is on credit, which had been inflated in the last decades. Many indebted companies could not cope with the collapse of their sales, which led them to withdrawal from the market. State aid, which ultimately means further indebtedness for citizens and corporations, came relatively late and was distributed in many places considering political considerations, such as loyalty and devotion.
The prices of raw materials and many products could not get away from the influence of an imminent collapse of the economy and had to be revised. One event overshadowed everything that had happened before: the collapse of the oil price!
Even during these exceptional times, ONE SIGNAL_Smarter Trading was able to prove itself outstandingly. After recording a gain of 31.66% in the first quarter, the system continued its winning streak in the 2nd quarter generating 13.03% profits. This was achieved by focusing on market psychology and sentiment indicators and translating these into a daily signal.
In the light of political events and upcoming elections, stock markets tend to be bewildering for market participants, which leads to investors holding back from participating in the market and trying to understand the different dynamics and influences from political players. In this somewhat enigmatic atmosphere, sentiment indicators have also experienced a rollercoaster ride. Nonetheless, ONE SIGNAL_Smarter Trading was able to interpret and process the signs brilliantly as usual.
