Sharp market drops followed by stunning recoveries provided a casino like atmosphere on Wall Street during the past week.
We initiated a hedge for our Trend Tracking Portfolio (#1). Unfortunately, the bulls showed some life again during the past 5 trading days, after the bears were dominant, which proved to be drag on our hedged position. Consequently, this particular portfolio is now positioned in the middle of the pack.
Leading, since it had been added recently, is Portfolio #7, which represents the ETF equivalent of PRPFX. It’s up YTD by a remarkable +10.68%, far ahead of all other models. Since I am tracking it daily, I can tell you that it holds up better during downturns in the market, but it lags somewhat when the upside comes into play.
Take a look at the details:



