Portfolio Update 06/15/2024 - Riding the Optimism Wave 🛬📈
Rally Marching On by Hopes of Easing Inflation and Soft Landing
It’s been a good month for my portfolio and the market overall. Since my last update, SPY gained 2.5%, while my portfolio pulled off a solid 4.2%.
My bitcoin strategy, which I shared in an earlier post, continues to be a drag, currently showing a 6.5% loss. 🤦🏻♂️ I still have hope, though. We’ll see if that hope was well placed or not.
As you can see in the first screenshot, I introduced a new spell called Trending Alternatives. It’s based on the new indicator, Trend Clarity, which I described in another post. It showed great risk-adjusted returns and a low correlation to the benchmark in backtests. However, I have a bit less confidence in it given its short history. Time will tell if its live trading lives up to its historical results.
That’s it for today. I hope everyone’s profits heat up just like the looming summer! ☀️