“Sell everything” update. It’s the Kouk 10; RBS Roberts 1

Despite the market ructions from Brexit, with the Chinese economy slowing, the US federal Reserve flipping and flopping on its monetary policy outlook, the ‘sell everything’ suggestion from RBS analyst Andrew Roberts is looking very ill.

Markets are strong.

The bet I offered Roberts ( https://thekouk.com/blog/sell-everything-my-challenge-to-andrew-roberts-of-rbs.html ) has a scorecard:

The Kouk 10
Roberts     1

As has been the case for the bulk of the year, the only market where Roberts is ahead is Nikkei which is down 8.2 per cent.

Including that fall, the average rise in the 11 items that Roberts suggested should be sold, the gain so far is a stonking 15.6 per cent.

                                                     Level at time         Latest            Difference %
                                                         of bet
US stocks S&P500                               1925                 2103                9.3
Brazil stocks Ibovespa                        39500               52568              33.1
China stocks Shenzhen                        1850                 2002                8.2
Japan stocks Nikkei                             17200              15776              -8.3
US house prices Case-Shiller              182.83             186.63               2.1
UK 20 city house prices Hometrack    228800           237500               3.8
Sydney house prices Corelogic           915.00             999.13              9.2
Iron ore US$ tonne                              40.50               56.22             38.8
Oil WTI US$ tonne                               31.50               48.99             55.5
Copper US$ tonne                               4325                 4879             12.8
AUD/USD                                          0.7000              0.7530              7.6

Simple average                                                                               15.6

Enough said.