Here’s the breakdown by monthly return:
Here’s the breakdown by monthly return:
We typically save posts about our performance for a big recap at the end of the month or beginning of the following month, but this calls for an exception… Our Theta Trader managed account program returned a whopping 10% so far this week. Taking into account gains earlier in the month that means Theta Trader is well over a 20% gain for the month, and a tremendous 181.94% for 2015 so far.
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We firmly believe this program is only going to continue to achieve outstanding results and have decided to extend our promotional offering of waiving the typical $200 one-time technology integration fee, reducing the minimum account size to $5,000 USD (Theta Trader typically requires clients to open with a $25,000 minimum deposit), and keeping the performance fee at a flat 25%, instead of the 30% performance fee typically charged for clients who deposit less than $300,00. This is a great time to get into the Theta Trader program if you were considering doing so.
Had you invested $10,000 USD with Theta Trader at the beginning of the year you would have a balance of $28,194 before fees today.
September 2015 netted our signals and managed account programs a combined 11.87%. The biggest gain was in our managed account program which saw a 21.03% increase over the course of the month. Keep in mind the S&P 500 ended the month -2.64%.
Here’s the full breakdown
Theta Trader: +21.03%
Lambda Ascent: +.16%
Omega Genesis: -1.32%
Omicron Growth: -8.00%
Our managed program, Theta Trader has had not only a tremendous September, but a tremendous 2015, having netted over 98% for the year!
Here’s some quick math – if you had invested just $10,000 into Back Bay Markets’ Theta Trader program in the beginning of this year, you would’ve made $13,593.20 (before fees) and had a balance today of $23,593.20!
For a limited time the $200 activation fee that is typically charged for all new accounts is being WAIVED. This is a great time to get into the Theta Trader program.
(Past results are not necessarily indicative of future results. Read our full risk disclosure)[vcex_divider style=”solid” icon_color=”#000000″ icon_size=”14px” margin_top=”20px” margin_bottom=”20px”]
Looking at the FX market for September 2015 we saw a number of big moves and a few surprises. Across the globe, markets have been in turmoil since the Chinese surprise devaluation of the Yuan earlier in August. Emerging market currencies, US stocks, European stocks, and commodities have all seen losses throughout the past month.
The big question of when (and at this point, if!) the US Federal Reserve will increase interest rates remained unanswered as Yellen and the Fed decided again to leave rates unchanged despite a number of financial thinktanks speculating September would be the month the Fed finally raised rates. This decision pushed the S&P500 down during the first week following the announcement. On the other hand, the yield on the 10-year Treasury Notes jumped on the news, closing higher at 2.166%. Only time will tell if the Fed decides to raise rates in October, or later.
Interest rate hike predictions in the UK have kept the pound from making any considerable gains against currency pairs, in fact the GBP/USD pair has toppled from a high of 1.5655 in mid-September to a month end in the area of 1.5111. The United Kingdom had been the fastest growing economy in the developed world going into 2014. Mid-way through 2014 a massive weakening of the GBP and the UK economy as a whole has continued well into 2015 as baskets of currencies have strengthened against the Pound.
Japan had relatively few surprises for currency markets. The Bank of Japan (BoJ) went forward with its stimulus and was backed up by the fresh Japanese government. The market-coined term, Abenomics, describes Japan’s three pronged attack on overcoming deflationary and boosting output, this stimulus package one of those prongs.
USD/JPY has bounced in a narrow range around the 120.00 figure with price action being choppy at times but never straying too far away from the big figure. There was and is some disappointment that the government has not yet progressed on big structural reforms, while the Bank of Japan indicated that the current rate of policy stimulus is about right as Japan has shown signs of a recovery.