By Greg Bordelon
Published on September 22, 2024 at 7:00 PM
Last week, the model portfolio gained 131 basis points on Gross Market Value (GMV), courtesy not of the Federal Open Market Committee, but friends at Microsoft. For the year, the model portfolio set a new highwater mark at +11.7% on GMV. Source: Bloomberg, Sankey Research Regards, Greg Bordelon
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By Greg Bordelon
Published on September 22, 2024 at 6:00 PM
SUMMARY Friday: A right tail day Power: Tech going big, we are staying long FANG – now what? And CRK – wait, what? PERFORMANCE Last week, the model portfolio gained 131 basis points on Gross Market Value (GMV), courtesy not of the Federal Open Market Committee, but our new friends at Microsoft. For the year, the model portfolio set a new highwater mark at +11.7% on GMV. Source: Bloomberg, Sankey Research We were steeled for …
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By Greg Bordelon
Published on September 15, 2024 at 7:00 PM
For the week ended 9/13, the model portfolio was up 55 basis points on Gross Market Value (GMV). Year to date, the portfolio is up 10.2% on GMV. In our note “Turnover” a few weeks ago, we touched on the mean reversion tendencies in the portfolio’s P&L wherein a strong run was often followed by flat/negative return. We proactively repositioned the book to try to front-run the historical track, turning over one third of the …
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