By Greg Bordelon
Published on June 23, 2024 at 7:00 PM
Summary Caught speeding: down week and obligatory introspection Sticking with structural growth over higher supply/lower demand offering Observation on timely Reg FD “How much worse can it get” trading Performance In two words: not great. For the week ended 6/7/24, the model portfolio was down 71 bps. P&L volatility was rampant, with the book delivering daily performance exceeding one standard deviation each day of the week. Problem was, three of those days were down and …
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By Greg Bordelon
Published on June 23, 2024 at 6:00 PM
Summary Caught speeding: down week and soul-searching Sticking with structural growth over higher supply/lower demand offering On timely Reg FD “How much worse can it get” trading Performance In two words: not great. For the week ended 6/7/24, the model portfolio was down 71 bps. P&L volatility was rampant, with the book delivering daily performance exceeding one standard deviation each day of the week. Problem was, three of those days were down and one was …
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By Greg Bordelon
Published on June 16, 2024 at 7:00 PM
For the week ended 6/14/24, the model portfolio was up 16 bps. Strong performance on Monday led by longs in gas/power thematics more than offset a cumulative small net loss Tuesday-Friday. The book outperformed energy indices XLE (-217 bps), XOP (-202 bps), and OIH (-204 bps). Relative to broad market indices, the book outperformed the Russell 3000 (-101 bps), equal-weighted S&P 500 (-57 bps) but underperformed the market cap weighted S&P 500 (+158 bps). Year …
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