The Greek Debt Melodrama is Far From Over

KC Capital MgmtAuthor: Beau Wolinsky, KC Capital Management

Covestor model: Quantitative ETF

Disclosures: None
 
In February KC Capital Management’s Quantitative ETF portfolio had its best performing 30-day period since inception, up 17.0%.

We found we were wrong in our earlier pessimism, and saw our Pairs Trading Model signal that the market had become oversold. We took long positions in three exchange traded funds in response, and they proved profitable.

It appears that Greece has reached a resolution. I think that there will be further credit downgrades and this charade of preventing default through debt concessions will roil the financial markets, and make it very difficult for countries to seek such a resolution in the future.

I’ve had an excellent 30 days. I hope you’ll choose to follow me as I aim to bring even better performance over these next several months.