Weekly Performance Update: Week of 12/2/24
- Acrux Capital
- Dec 7, 2024
- 1 min read
Market Recap
Tech was strong for the week, with QQQ gaining just over 3%. SPY was not as impressive, but still positive for the week and IWM was down just over 1%. Of note is GLD and TLT took a 'chill week' for the first time in several months, minus Thanksgiving week for GLD. VIX closed below the 13 handle.
(Click to enlarge)
Our Overall Performance - Big Picture
Our Performance this Week
Modest gain in Pure Alpha for the week, with Hedge Fusion slightly down and Futures Focus continuing to slide a bit, off 20% from equity highs in late October. Hedge Fusion is down 11% from the same period, but these things tend to turn quickly, generally making back losses over a week or two and this is part of active trading.
I expect we will close the year moderate to strongly in our favor, as a low VIX and end of the year repositioning offer somewhat of the ideal environment for our style.
For more detailed performance check the following: Strategy Performance Page
The Week Ahead/Outlook
CPI and PPI this week and a couple of potential earnings plays on our radar, depending on how they setup and premiums are priced.
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