Investment products: In terms of main products, cotton**50%** related products, long rubber**15%**long European shipping clearance 5%**convertible bond ETF 15%**JPMorgan international bond RMB hedge 1%**total 86%**
Investment principle: long-term long-term investment, not short. Constantly transfer funds to lower products, such as water flowing from the top down to a lower pool for storage.
Investment Analysis: If the domestic economy is recovering. The consumer confidence index was 87 in October9, month-on-month **08%；The average surveyed urban unemployment rate in the third quarter was 52%, the same as the second quarter, down 03 percentage points, down 0 percent from the same period last year2 percentage points;International economic stability. Although the United States continues to raise interest rates, the unemployment rate was 37% compared to 3 in the previous month9%, down from the previous month. The EU should be similar to the US, in the process of bottoming out**. Eurozone Consumer Confidence Index for November came in at -017, compared to -0 in the same period last year24。
To sum up, there is no problem with the domestic economy, and the monetary policy is loose, which is conducive to cotton and related products.
The next plan: wait and see, and increase the position of cotton ** and related products when the time is ripe.