Market Activity
Read what our clients think...
November 6, 2026
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What a difference 24 hours makes!
On Wednesday, global markets rallied sharply. Investors everywhere enjoyed a welcome recovery.
For TPP, it was a particularly good day.
And we explained why.
We'd spent the previous couple of months carefully scaling into European markets as they fell, buying exposure at increasingly attractive prices and positioning ourselves for a recovery.
When that recovery arrived, our portfolios responded strongly.
But here's the important part.
As markets surged on Wednesday, we were doing something else.
Taking profits. Reducing exposure. Booking gains. And preparing for the next opportunity.
Then Thursday arrived.
And Wall Street went into meltdown.
US technology stocks were hammered.
The Nasdaq 100 plunged approximately 6.4%, while the S&P 500 lost around 4.4%, according to the market figures we reviewed.
AI stocks were particularly badly hit, with renewed concerns about valuations, technology spending and the sustainability of the enormous AI investment boom.
The selling spread beyond America, dragging sentiment lower across global markets.
Wednesday: Investors celebrating.
Thursday: Investors wondering what on earth just happened.
Welcome to the markets!
And here's where I want to make something absolutely clear.
TPP portfolios fell too.
Of course they did.
We still had market exposure. We're not immune to falling prices, and we certainly don't pretend to be.
But the interesting question isn't whether portfolios fell.
It's what we did before, during and after the fall.
On Wednesday, as markets rallied, we reduced selected positions and locked in profits.
On Thursday, as markets fell sharply, we began rebuilding some of those positions at lower prices.
In other words, we were buying back exposure we'd reduced just 24 hours earlier.
Does that mean we've caught the bottom?
Absolutely not.
Markets could fall further. Our portfolios could experience further losses.
But we believe that buying exposure at more attractive prices, when the opportunity and risk justify it, puts us in a stronger position for a potential recovery.
That's the difference between simply watching markets move and actively managing your exposure to them.
We're not going to get every decision right.
But we're not going to sit on our hands simply because markets are uncomfortable either.
And that brings me to something else.
We can talk all day about our investment philosophy, our four approaches to market, our subscription model and why we believe the traditional wealth management industry needs disrupting.
But ultimately, what matters is the experience of the people who actually invest with us.
And we've been fortunate to receive some tremendous feedback.
Here are a few examples.
Robin had previously invested through traditional wealth managers. When markets fell during major global events, he became frustrated with the response he received.
Since joining TPP, he's particularly valued the proactive approach, communication and control over his investments.
As Robin explains:
"They are not day traders, but they are also more active than traditional investment banks"
That distinction is exactly what we're talking about.
Marcus wanted a clearer, more modern way to invest.
What particularly appealed to him was being able to understand his portfolio without having to manage every individual investment himself.
He also highlighted something we take enormous pride in:
"I appreciate the availability of their time and attention to answer questions or discuss my portfolio."
Because managing investments isn't simply about performance.
It's also about communication, transparency and trust.
Kumar has invested through several investment houses over the years.
His feedback on TPP's approach, values and involvement was particularly encouraging.
He described the difference between his experience with TPP and other investment houses as:
"like comparing a Rolls Royce with a Toyota!"
We'll happily take that comparison! 😃
Claire had spent years investing with traditional wealth managers.
She'd grown frustrated with disappointing performance and the feeling that little was being done.
After joining TPP, she highlighted the difference in our approach, particularly during volatile markets.
Her conclusion?
"There are always risks, but even through a volatile market Im still seeing very positive outcomes."
And that's an important point.
There are always risks.
But how those risks are managed matters.
These are just a handful of the experiences shared by TPP clients.
And while individual outcomes differ, there's a common theme running through their feedback.
Transparency. Communication. A proactive investment approach. And a business genuinely trying to do things differently.
We built TPP because we believed investors deserved an alternative to the traditional model.
Four approaches to the market.
Professionally managed investment strategies.
No traditional percentage-based management fee.
No performance fee.
Just a transparent subscription model, with investments held at Interactive Brokers.
And a team that believes managing investments means making decisions, not simply collecting fees and hoping markets rise.
After the extraordinary volatility of the past few days, nobody can say with certainty.
Perhaps markets rebound sharply.
Perhaps the selling continues.
Perhaps we see another few weeks of this madness.
But our approach won't change.
We'll continue assessing opportunities, adjusting exposure, managing risk and making decisions based on the market conditions in front of us.
Wednesday was a very good day.
Thursday was a very bad day.
Neither day, in isolation, defines our investment approach.
What matters is what we do consistently over months and years.
Because at TPP, our objective isn't to win every day.
It's to build portfolios that have the potential to outperform their benchmarks over time, while managing the risks along the way.
And that is precisely what we'll continue working towards.
If you've been following TPP, questioning the performance of your existing portfolio or wondering whether there's a more proactive way to manage your investments, we'd love to have a conversation.
We'll explain how TPP works, our four approaches to market, how we manage risk and how we could build a portfolio around your objectives.
Schedule your FREE portfolio consultation today.
BOOK YOUR FREE CONSULTATION. Click here.
And if you'd rather hear what our clients think before speaking to us?
Even better.
Read the experiences of investors who've already made the move to TPP.
READ OUR CLIENT TESTIMONIALS. Click here.
Because anyone can promise something different.
We'd rather show you what our clients have to say.
PS: And if you are one of our clients and are reading this...Have a restful weekend...The good news is- Not all weeks are as volatile as this one!!!!
Over and out for now....
Important information: Capital at risk. Investments can fall as well as rise. Past performance is not indicative of future results. Active management, scaling into falling markets and taking profits do not guarantee positive returns or benchmark outperformance. Trading strategies may involve leverage and significant losses. Testimonials reflect individual experiences and are not representative of all investors. Market figures are approximate and should be verified against the relevant closing prices before publication.
Disclaimer: This document is issued by TPP, being provided for information purposes only. This document does not constitute legal, tax, accounting or investment advice, nor should it be relied upon when making investment decisions. This is not a personal recommendation or an offer or invitation to buy or sell any financial instrument. The market conditions and views expressed are as at the date of publication, which may change without notice. Unless otherwise stated, market data has been obtained from sources believed to be reliable. While believed to be accurate, no representation or warranty is given as to its completeness or accuracy.
TPP strategies invest in leveraged financial instruments, including equity index futures. Leverage can magnify both gains and losses, meaning losses may occur more quickly than in unleveraged investments. Investments involve risk and investors may lose some or all of their invested capital. Your capital is at risk.
Past performance is not necessarily a reliable indicator of future performance. The value of investments, and any income from them, can fall as well as rise, and investors may not recover the amount originally invested. Future returns are not guaranteed. Therefore, you should not assume that the future performance of any specific investment or investment strategy will be profitable or equal to the corresponding past performance.
TPP is a trading name of UCapital Asset Management LLP. UCapital Asset Management LLP is authorised and regulated by the Financial Conduct Authority (FCA No. 477155). 80 Coleman Street, London EC2R 5BJ.
“TPP might just be about to revolutionise investment for the retail market.”
- London Stock Exchange 2020
