We’re living in unprecedented times indeed. Take a look: On the photo above you can find thre graphs aligned together for comparison reasons (courtesy of “sentimentader” from Twitter): 1. 𝗣𝗲𝗻𝗻𝘆 𝘀𝘁𝗼𝗰𝗸 𝘃𝗼𝗹𝘂𝗺𝗲𝘀 𝗵𝗮𝘃𝗲 𝗿𝗶𝘀𝗲𝗻 𝗼𝘃𝗲𝗿 𝟭𝟬-𝗳𝗼𝗹𝗱 vs. their long-term average 2. Total 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝘃𝗼𝗹𝘂𝗺𝗲𝘀𝗶𝘀 𝘂𝗽 𝟮𝘅 vs. long-term average 3. $SPY 𝘃𝗼𝗹𝘂𝗺𝗲, after an initial…
𝗘𝗾𝘂𝗶𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗰𝗮𝗺𝗲 𝗯𝗮𝗰𝗸 𝗿𝗼𝗮𝗿𝗶𝗻𝗴 𝗵𝗶𝗴𝗵𝗲𝗿 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸. 𝗠𝗼𝘀𝘁 𝗶𝗻𝗱𝗶𝗰𝗲𝘀 𝗺𝗮𝗱𝗲 𝗻𝗲𝘄 𝗔𝗧𝗛. 𝗔𝘀 𝘁𝗵𝗲 $GME (GameStop Corp New) 𝗺𝗮𝗻𝗶𝗮 𝘀𝘂𝗯𝘀𝗶𝗱𝗲𝗱 𝘁𝗵𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗰𝗮𝗺𝗲 𝗿𝗶𝗴𝗵𝘁 𝗯𝗮𝗰𝗸 𝘂𝗻𝗱𝗲𝗿 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 𝗹𝗲𝗱 𝗯𝘆 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 𝗲𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝘀𝘂𝗿𝗽𝗿𝗶𝘀𝗲𝘀 𝗺𝗼𝘀𝘁𝗹𝘆. The risk is on again. Save havens struggled this week with $GOLD down close to 2% and $TLT -2,3% on wider…
Here’s a quick monthly update on my portfolio: 👉 January 2021 was a corrective month for the GlobalLeadersPortfolio (GLP). The portfolio lost 2,29%. Main reason for the worse performance was the $TLT , which was down 3,1% on month due to a sell-off in long-term Treasuries (10Y yield up from 80bpsish to 100-110bps on month).…
Dear Follower&Copiers, Big things are coming ahead of us. The Global Leaders Portfolio (GLP) is now being slowly prepared for the start of a new cycle phase starting from Jan 2021. The portfolio allocations change will be a process that in my view might last between 3 to 6 months. Why a process? Because of…
A few short thoughts out of the commodity space into the start of 2021: 👉 Technicals: the Bloomberg Commodity Index (BCOM) is just breaking out upwards from a 10y+ faling formation (wedge). PLS SEE TITLE PICT. What does it tell us and what investment picture does this paint for next years? Let’s try answer is…
2020 was the inception year for GLP. We’re here at eToro for a month now with the GLP in its final form. Untill December the portfolio was run on www.GlobalAlphaSearch.com The portfolio’s inception took place on the 28th Jan 2020. Just days before the end of a 10-year bull run and what then appeared to…
Today we continue our journey through the tough matter of portfolio management. I describe and explain what is called risk on ex-ante (probabilistic) terms and describe some of its measures. We have covered the Basics in the preceeding two posts here and here. Those of you who have not yet had a chance to go…
𝘼 𝙨𝙡𝙞𝙜𝙝𝙩𝙡𝙮 𝙘𝙤𝙧𝙧𝙚𝙘𝙩𝙞𝙫𝙚 𝙬𝙚𝙚𝙠 𝙗𝙚𝙝𝙞𝙣𝙙 𝙪𝙨. 𝙏𝙝𝙚 𝙘𝙤𝙧𝙧𝙚𝙘𝙩𝙞𝙤𝙣 𝙬𝙖𝙨 𝙖𝙘𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙙 𝙬𝙞𝙩𝙝 𝙖 𝙡𝙞𝙩𝙩𝙡𝙚 𝙩𝙞𝙡𝙩 𝙩𝙤𝙬𝙖𝙧𝙙𝙨 𝙂𝙧𝙤𝙬𝙩𝙝 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙧𝙚𝙘𝙚𝙣𝙩𝙡𝙮 𝙞𝙣-𝙫𝙤𝙜𝙪𝙚 𝙑𝙖𝙡𝙪𝙚 𝙨𝙩𝙤𝙘𝙠𝙨. 𝙁𝙞𝙨𝙘𝙖𝙡 𝙩𝙖𝙡𝙠𝙨 𝙨𝙚𝙚𝙢 𝙩𝙤 𝙗𝙚 𝙣𝙚𝙫𝙚𝙧 𝙚𝙣𝙙𝙞𝙣𝙜 𝙣𝙤𝙬 𝙖𝙣𝙙 𝙞𝙣𝙫𝙚𝙨𝙩𝙤𝙧𝙨 𝙨𝙩𝙞𝙡𝙡 𝙜𝙚𝙩 𝙣𝙤 𝙙𝙚𝙖𝙡 𝙤𝙣 𝙖 𝙣𝙚𝙬 𝙨𝙩𝙞𝙢𝙪𝙡𝙪𝙨. 𝘾𝙤𝙫𝙞𝙙-𝟭𝟵 𝙘𝙖𝙨𝙚𝙨 𝙖𝙧𝙚 𝙨𝙩𝙞𝙡𝙡 𝙤𝙣 𝙩𝙝𝙚 𝙧𝙞𝙨𝙚 𝙞𝙣 𝙜𝙚𝙣𝙚𝙧𝙖𝙡 𝙥𝙪𝙩𝙩𝙞𝙣𝙜 𝙥𝙧𝙚𝙨𝙨𝙪𝙧𝙚 𝙤𝙣 𝙨𝙝𝙤𝙧𝙩-𝙩𝙚𝙧𝙢 𝙤𝙥𝙩𝙞𝙢𝙞𝙨𝙢. Equity…
𝙏𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙠𝙞𝙘𝙠𝙚𝙙 𝙤𝙛𝙛 𝘿𝙚𝙘𝙚𝙢𝙗𝙚𝙧 𝙤𝙣 𝙖 𝙥𝙤𝙨𝙞𝙩𝙞𝙫𝙚 𝙣𝙤𝙩𝙚, 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙞𝙣𝙜 𝙬𝙝𝙖𝙩’𝙨 𝙪𝙨𝙪𝙖𝙡𝙡𝙮 𝙘𝙖𝙡𝙡𝙚𝙙 𝘾𝙝𝙧𝙞𝙨𝙩𝙢𝙖𝙨𝙨 𝙧𝙖𝙡𝙡𝙮 𝙗𝙧𝙤𝙖𝙙𝙡𝙮. 𝙈𝙖𝙟𝙤𝙧 𝙩𝙝𝙚𝙢𝙚𝙨 𝙘𝙤𝙣𝙩𝙞𝙣𝙪𝙚𝙙 𝙬𝙞𝙩𝙝 𝙤𝙡𝙙 𝙚𝙘𝙤𝙣𝙤𝙢𝙮 𝙨𝙩𝙤𝙘𝙠𝙨 𝙡𝙚𝙖𝙙𝙞𝙣𝙜 𝙜𝙖𝙞𝙣𝙨. 𝙂𝙤𝙡𝙙 𝙛𝙤𝙪𝙣𝙙 𝙜𝙧𝙤𝙪𝙣𝙙 𝙖𝙨 𝙬𝙚𝙡𝙡 𝙖𝙛𝙩𝙚𝙧 𝙖 𝙩𝙬𝙤-𝙬𝙚𝙚𝙠 𝙙𝙧𝙤𝙥. 𝙍𝙞𝙨𝙠-𝙤𝙣 𝙩𝙤𝙣𝙚 𝙥𝙪𝙩 𝙥𝙧𝙚𝙨𝙨𝙪𝙧𝙚 𝙤𝙣 𝙩𝙝𝙚 𝘿𝙤𝙡𝙡𝙖𝙧. So here we are in Dec 2020 still in what so far has been…
In this post I shortly describe the November rebalancing of the SIA-style Pension Portfolio (PP). For a detailed review of the most important market developments for November 2020 please refer to my Global Leaders Portfolio (GLP) rebalancing here. The rebalance The usual monthly injection of $1k was used to purchase GLD. SPY and EEM holdings were…
