Please find the net returns for April 2026.
Whilst the Iran and US continue to be in the news – it appears the strategy now for the US is to just sit tight and wait until Iran meets their terms. Welcome to the new norm on consumable prices you need to pay for some time. Even if resolved, it will still take months for old supply chains to reopen again.
We turned off the strategies this month due to the deadline looming on the ceasefire and news reports were silent on the next course of action. Was better to be out of the market than waiting to see what happens whilst having trades open. In our March post we flagged the US might invade to secure more oil. However, it appears they learnt from the Ukraine Rare Earth Minerals and Energy Deal that valuable land can be provided as payment, but it is not easy to just start mining in hostile territories and further large companies are not going to spend billions at this high-risk level.
During this time, we stopped our strategies the market mostly traded sideways so there were limited opportunities for our strategies to open any trades. Unless further high impact news comes from US and Iran – it will have little impacts on the market now. Markets have now turned to inflation data, interest rate decisions and company profit reporting.
Our strategies performed well this month despite being turned off for a period of time.
Any queries, please do not hesitate to reach out.
