Alternative Investment and Conventional asset had a volatile month. Almost $1 trillion stock market selloff was ignited by Beijing’s shock ban on profits at tutoring companies .However ,this is not the first time Chinese regulatory impact has spooked the markets. It gives us a clear perspective how things can change very fast and blind allocation can be risky.
Can this happen in India? No one can predict that but we can never assign zero probability to the scenario. Markets sometimes behave as expected while defy logic at other times. Robinhood and Zomato had IPO this month with contrasting fate.Zomato listed with stellar gains despite the crazy valuation!Robinhood had a disappointing listing as it ended its first day as a public company 8.4% below its initial public offering price
My Alternative Investment Portfolio Performance
Bitcoin, driven by bullish sentiment in the wake of the B Word conference and with help from a massive short squeeze at CME open, saw its price explode to $40,000+ .Also rumours of Amazon planning to implement crypto payments by year-end added fuel to the frenzy. However, the cryptoasset seems to be running on empty after Amazon denied the rumours. Many believe Bitcoin will remain range-bound as the asset’s momentum recharge
Yield Generation Alternative Investment Platform Performance (Annualized)
Capital Gain Alternative Investment Performance (Quarter Performance)
Crypto made a come back in this quarter .Global and Indian market remain muted .Option trading/arbitrage was also less profitable due to falling volatility.
Equity broad market is showing some fatigue but IPO and meme stocks are still giving insane returns. The Chinese fiasco might be the first crack in the current lopsided bull run. Value Investment is out of the door for now