Market Recap
After last week's weakness late in the week, the market rallied hard this week. The initial reaction off Wednesday's CPI was a sharp selloff, only to reverse mid-day with a blistering rally that continued through the end of the week.
Our Overall Performance - Big Picture
(Click to enlarge)
Overall very consistent performance for the Core Strategies week-over-week. While each one is definitely young in terms of their inception dates (July 1, 2024), they are performing very well, especially in context of how the market has behaved during the same period.
Our Performance this Week
Green week across the strategies, with Hedge Fusion basically breakeven. Our models started to flip bullish in Pure Alpha on Tuesday, before CPI, which with new positions taken, coupled with some upside hedges, allowed the strategy to turn a very modest profit. Futures Focus, thanks to a hedge we had on around CPI, gained 13.1% for the week, a notable outcome.
(Click to enlarge)
For more detailed performance check the following: Strategy Performance Page
The Week Ahead/Outlook
FOMC this week and the much awaited first rate cut in years. Two questions that remain:
Will it be a 25bps or 50bps cut
If 50 bps, will the market treat it favorable for equites, or will it interpret they they are behind and treat it as a signal of panic of sorts.
As per usual, we will be positioned to profit regardless. It's just a question of the degree of profitability we can capture.
Our Gamma Nova Signals will be issued on our Substack for FREE this weekend.
No Subscription Required for Pure Alpha, Hedge Fusion and Futures Focus.
Auto Trade our signals.
Fees based on value provided!
Comments