Market Recap
Another week with big moves and tech losing almost all of its gains from June and the first half of July. QQQ managed to rally some on Friday and only closed down about 2.3% for the week, with SPY down less than 1% and IWM up just over 3%.
The Overall Performance
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The Performance this Week
We did well again this week, but nothing eye popping in terms of returns, but consistent none the less. Given that the Core Strategies, Pure Alpha, Hedge Fusion and Futures Focus are are up 53%, 37% and 36% for the month on their respective Risk Budgets, they are all on pace for over a 500% annualized return.
The truth is all three can put up those returns on the Risk Budget in a week, and likely will in the coming months, but would only have to endure a bad week less than half that when it does happen. It's just a function of how we manage risk and the overall trades are structured. We show up every day and week and follow the process and let the market sort it out. It's just math, folks.
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For more detailed performance check the following: Strategy Performance Page
The Week Ahead
Next week will be a little more active for the Econ Calendar with the following:
Consumer Confidence (Tuesday)
FOMC Statement (Wednesday)
NFP (Friday)
Then for earnings of interest and possible trades for Pure Alpha there is:
MSFT, SBUX, AMD (Tuesday)
META, QCOM, LRCX (Wednesday)
AAPL, AMZN, INTC (Thursday)
We will see how things shape up. A few items for the weekend is we will push out the Index Grid Signals on Substack. To Join and get those Free, please visit: https://acruxcapital.substack.com/
Also, the Premium version of those signals can be subscribed to and entails a much more comprehensive approach for those interested. Please review the Strategy Page for details or signup here: https://www.acrux-capital.com/join or here
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