Market Recap
Market was definitely more range bound this week and failed to break out to new ATH. Conversely, the weakness was muted for the most part. NVDA earnings, while the numbers themselves were good, did not impress all that much and the stock was down almost 8% for the week. Below is the performance of some key benchmarks for the week.
Our Overall Performance - Big Picture
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Our Performance this Week
Not a great week overall for the strategies, with Pure Alpha being somewhat the exception. Overall we were positioned to the Bullish side of the market, which the market seemed to have other ideas. However, risk was managed well and Pure Alpha and Futures Focus are on pace to double their defined Risk Budgets in the next week or two, and just 9 weeks since actively trading them. Hedge Fusion, given its mandate, is on pace to do so by October, which would be about 4 months since inception.
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For more detailed performance check the following: Strategy Performance Page
The Week Ahead
ISM on Thursday and NFP on Friday should be the primary market movers this coming week. With the indexes range bound for about a week now, we are expecting a break of this range for the coming week. Our initial data indicates a very slight bias to the bullish side but we will be positioned to profit regardless of what the market decides to do.
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