Honest Board
Equities fell, but safe havens were of no use. Gold and XLU crushed our absolute return portfolio, while our allocation portfolio was flat.
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John
- Sep 22
- 3 min
Honest Board
A quiet week in our absolute return portfolio due to a hedge. Also quiet in our asset allocation portfolio, but a shutdown will change this.
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John
- Sep 15
- 3 min
Honest Board
Outside tech, the market seems happy with higher rates. This meant gains for all three of our model portfolios.
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John
- Sep 15
- 1 min
Honest Board: Trade archive 2021-Sep 2023
Our track record from inception to September 2023.
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John
- Sep 8
- 2 min
Honest Board
Liquidity tightening gave a 22bp gain to our asset allocation portfolio. F35 woes from LMT sent our absolute return portfolio down 65bps.
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John
- Sep 1
- 3 min
Honest Board
Vanishing recession fears meant a 26bps loss for our asset allocation portfolio, and a 5 bps gain in our absolute return portfolio.
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John
- Aug 25
- 3 min
Honest Board
A summer week of noise meant a small gain for the Unbound Absolute Return portfolio, and a small loss for the Asset Allocation portfolio.
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John
- Aug 18
- 2 min
Honest Board
Lower stocks meant a gain for our asset allocation and equity portfolios. Lower everything meant a loss for our absolute return portfolio.
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John
- Aug 11
- 3 min
Weekly roundup
Trends continued as markets refused to add new risk (it's August). This meant Chinese markets lagged as weak data was taken at face value.
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John
- Aug 4
- 2 min
Weekly roundup
When S&P downgraded the US 12 years ago, bonds rallied. This week Fitch downgraded the US and bonds sold off. Is anyone in DC listening?
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John
- Jul 28
- 3 min
Weekly roundup
Fear of investing in China may have been replaced by fear of missing out. The bull case for oil may be even stronger.
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John
- Jul 21
- 3 min
Weekly roundup
Inflation may have peaked everywhere, unless something changes. Something changed in Ukraine, and defensive stocks were in big demand.
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John
- Jul 14
- 3 min
Weekly roundup
The break lower in the Dollar suggest that the long term trend is lower. It probably won't be a straight line though. We like gold for now.
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John
- Jul 7
- 3 min
Weekly roundup
Another bad week for RUB may mean further action to support oil prices. This would be bad news for equities, but good news for JPY.
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John
- Jun 30
- 4 min
Weekly roundup
The Dollar betrays consumer weakness despite a near perfect week of data for equities. Bidenomics to the rescue?
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John
- Jun 23
- 3 min
Weekly roundup
China's reopening had another false start, and yet central banks are already hiking more than expected. This could get ugly for the Fed.
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John
- Jun 16
- 3 min
Weekly roundup
What causes gold, oil, bonds, stocks and the VIX all to go up? Something significant we think, and we've added risk accordingly.
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John
- Jun 9
- 3 min
Weekly roundup
Leopards were spotted both in and out of action in Ukraine. We like owning gold in case of US escalation, and USD/BRL puts for capitulation.
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John
- Jun 2
- 3 min
Weekly roundup
The debt ceiling deal appears to have been mostly a benefit for the rich. You can tell it isn't an election year.
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John
- May 26
- 2 min
Weekly roundup
Various wars are shaping markets at the moment. A debt ceiling truce has been called for now. We'll see if it lasts the weekend.
177 views0 comments
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