Model Portfolio: Sweet Relief Rally

By Greg Bordelon Published on May 25, 2025 at 6:00 PM

Summary Bounce back in performance Product demand vs gas demand durability Revisiting Europe gas Performance For the week ended 5/23, the model portfolio was up 93 basis points on gross market value (GMV). Year to date, the book is +565 bps on GMV. Source: Bloomberg, Sankey Research Our cynical book continued its inverse relationship with the broader market last week, putting up decent performance on the market selloff. Run over the prior week by the …

Model Portfolio Update: 5/18/25

By Greg Bordelon Published on May 18, 2025 at 7:00 PM

For the week ended 5/16, the model portfolio was down 81 basis points on gross market value (GMV). Year to date, the book is +478 bps on GMV. Source: Bloomberg, Sankey Research Regards, Greg Bordelon

Model Portfolio: Picking Spots

By Greg Bordelon Published on May 18, 2025 at 6:02 PM

Summary Down week on three drive-bys and insufficient beta Trimming beta pairs opportunistically Staying tight and picking spots for tilts Performance For the week ended 5/16, the model portfolio was down 81 basis points on gross market value (GMV). Year to date, the book is +478 bps on GMV. Source: Bloomberg, Sankey Research Despite our call last weekend anticipating capitulation on China tariffs, the book was not well positioned to monetize the unilateral walkback. In …