Author: Ronald Guerrini
Covestor model: Breakouts and Reversals
May was a poor month for the model portfolio. May saw a continuation of the downtrend established in April. The model kept taking on long positions when it should have been short or in cash.
We lightened up on commodities and increased exposure to mid-caps.
August was a lousy month for the markets, and my portfolio as well. My thesis remains the same though, but it’s going to take more than a month to come to fruition. Which, to me, is perfectly fine.
Vice investments tend to outperform the broader markets by a significant margin over the long haul.
Some of the investing trends I see next year may surprise you.
