I am pleased to announce that our 20th month of trading was another month of profit, ending at 5.1%.
April was a good month for Novus Black. The trajectory is heading in the right direction, meaning we have doubled last month’s profit. We have started a broker-wide tidy-up and are looking at all the open positions we currently hold, along with the hedges. We are implementing a plan to reduce Drawdown drastically over the rest of this year without affecting clients’ returns.
The primary plan for May, away from the very obvious “make as much profit as we can”, is to increase the AUM. We are close to $5m, and I would look to see that number start with a six by the time I next email you all in June. Due to my globetrotting, we now have the correct network to inject this capital into Novus Black, meaning we can re-strengthen the foundations and make the entire fund even safer for our clients and their wealth.
As we are into month 21 and, as such, approach our 2nd birthday, thoughts turn to celebration. With this in mind, we would like to invite all our valued clients to a birthday event in London. The event will take place in August and will be an excellent chance for everyone to meet each other and toast to the health of each other, good fortune and the prolonged success of Novus Black. We will confirm the full details at the end of May, but please keep August free for now, as it would be terrific to see everyone.
Market Forecast For May 2023
May will start with a bang as we see three critical central bank interest rate decisions, namely, the Reserve Bank of Australia (RBA) on Tuesday, the US Federal Reserve (Fed) on Wednesday, and the European Central Bank (ECB) on Thursday. The tone of these news items is up for debate; however, with inflation beginning to ease, it is the expectation from most institutions that central banks will look to pause any rate hikes. However, looking closer to home, it seems that BoE will hike once again in line with UK inflation remaining surprisingly elevated.
It is far too early to talk percentages, and we have had our knuckles wrapped in the past for being too optimistic. However, we expect a better month than April and want to see Novus Black into the higher single digits. As always, we will keep you updated with any trading news throughout the month.
System Upgrade Is Now Live
After months of hard work and much speculation, the new Novus Black system is live for all clients. The upgrade is automatic, so all you need to do is log into your accounts to see the new system in all of its glory. The update serves as the precursor for the official Novus Black App, which is currently in production.
Please watch this video from our Technical Director, who will explain more about the new system, its benefits, and its functions and features.
Should you have any questions regarding any of the points in this update, please feel free to email us at info@novusblack.co.uk, or phone us on 020 8187 8287.
We would like to sincerely thank you for your ongoing support with Novus Black and look forward to a prosperous future.
