Please find below the net returns for May 2026.
Market Commentary & Macro Outlook
- Geopolitical Drivers: US–Iran developments continue to serve as the primary catalyst for forex market volatility. If a formal agreement is reached, the critical question is whether the market will refocus on structural macroeconomic fundamentals—such as interest rates, CPI, and Non-Farm Payrolls—or if it has become structurally reliant on headline-driven momentum.
- Energy & Corporate Margins: Regardless of any diplomatic resolution, oil output and pricing will remain central to market direction. While high energy costs have driven up the price of goods, a subsequent drop in oil prices raises a pivotal question: will large corporations pass these savings on to consumers, or will they maintain current price levels?
- Equity Markets: The recent equity market correction appears to have stabilized. Barring a systemic, subprime-style event that disrupts global liquidity, current levels (such as the Dow Jones highs) will likely serve as a baseline moving forward. If input costs drop while consumer prices remain sticky, the resulting expansion in corporate profit margins and dividend yields will likely propel the Dow Jones to new highs.
Behind the Strategy: A Personal Introduction
I have historically preferred to let our performance data speak for itself. However, through my regular interactions with prospective followers, I recognize that understanding the strategy requires understanding the person behind it. Moving forward, I plan to share brief insights into my background.
My name is Jason Klose. I am 48 years old, and I consider myself incredibly fortunate to have been born and raised in Australia. I grew up in a small business family operating interstate freight transport six days a week; my father worked long hours on the road while my mother raised the family. During this time my father purchased some investment properties and invested in shares.
This environment sparked my teenage interest in business and financial markets. At 18, I used every dollar of my entire savings of $8,000 into purchased in the Telstra IPO as it transitioned from a government-owned entity to the ASX. I monitored the price daily, eventually selling for a 100% return to purchase my first car. While a vehicle is rarely a textbook investment, living out of town made it a necessity. More importantly, this first successful trade provided a taste of financial independence and passion for passive investments.
Admittedly, writing this section is a challenge, as I am naturally private. Transitioning my strategies to a public format initially required stepping outside my comfort zone to invite others into my process. However, I look forward to using these monthly updates to share more about my background and the path that ultimately led me to forex trading. Thank you for your continued trust and partnership. If you have any queries.
