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.
Our approach to this summer’s range bound market proved far too defensive for the record setting advance in September. Early in the month we sold most of our fully priced momentum based securities in the Income Plus account.
Cash and oil are the best place to be post-Fed easing.
Capital Product Partners is a bargain at current trading levels.
Rumors of its death have been greatly exaggerated
