By Greg Bordelon
Published on September 1, 2024 at 7:00 PM
The model portfolio was up 33 bps on gross market value (GMV) for the week ended 8/30/24. Year to date, the portfolio is +931 basis points on GMV. An uneventful Monday was followed by strong P&L performance Tuesday as the sector traded down. A short squeeze Wednesday and Thursday brought the book back to flat on the week, with a big P&L bounce on Friday’s sector selloff taking the book up on the week. Source: …
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By Greg Bordelon
Published on September 1, 2024 at 6:00 PM
Summary Good P&L in wild week Oversupply – trading bearishness Least bad longs Respect P&L mean reversion Refreshing the book – multiple position changes going into the home stretch Performance The model portfolio was up 33 bps on gross market value (GMV) for the week ended 8/30/24. Year to date, the portfolio is +931 basis points on GMV. An uneventful Monday was followed by strong P&L performance Tuesday as the sector traded down. A short …
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By Greg Bordelon
Published on August 25, 2024 at 7:00 PM
The model portfolio was up 10 bps on gross market value (GMV) for the week ended 8/23/24. Year to date, the portfolio is +897 basis points on GMV. The defensive book posted strong P&L on the market selloff Tuesday and gave back most of that P&L on the market rip Friday. The other days of the week managed to add up to a small gain. Source: Bloomberg, Sankey Research Regards, Greg Bordelon
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