Monthly Investment Updates
What you need to know
October 2023 Investment Update
In the world of investing, markets are in a constant state of flux, and even the most well-thought-out strategies can face tests. September provided a poignant example of this. In the previous month’s note, we discussed our risk handoff strategy and how it led to a shift in allocations from international equities to U.S. equities. While this strategy often proves rewarding as we seek stronger, positively trending markets, it’s essential to recognize that this isn’t always the case. The last thirty days of U.S. equity performance serve as a reminder of the challenges inherent in trend following.
September 2023 Investment Update
In this Monthly Note, we delve into a crucial aspect of achieving market outperformance. We shed light on how our systematic investment approach handles risk management, specifically, our strategy for easing out of weakening asset classes while avoiding a full “risk-off” stance. It’s all about circumventing the wall, not climbing it.
August 2023 Investment Update
In this month’s Investment Update, we tackle the age-old dilemma of chasing shadows versus focusing on substance. As Aesop wisely said, ‘Beware of Grasping at the Shadow.’ We get it; the allure of being right in the markets is tempting, but let’s not lose sight of what truly matters – our systematic, consistent approach to successful investing.
July 2023 Investment Update
We find joy in challenging commonly accepted investing beliefs. One belief we find unhelpful is the obsession with prediction. It’s fascinating how predictions often fall short, and we can’t help but shed light on some glaring examples. The S&P 500 is nearing its all-time high and has shown strong performance in the first half of the year, despite many experts predicting its decline. Blindly following expert advice can lead to pitfalls. Our latest Monthly Note explores 2023 predictions and their actual outcomes so far, along with the intriguing relationship between stock prices and anticipated news. Let’s challenge the status quo and pursue investment strategies that lead to success.
June 2023 Investment Update
In this month’s Investment Update, we delve into how our systematic investment strategies have adapted to the market conditions witnessed thus far in the year. We recognize that trend-following strategies are not flawless, nor are they intended to be. However, based on our experience, they generally position you with a higher probability of capitalizing on what is working, regardless of the prevailing market environment.
May 2023 Investment Update
In this Monthly Note we discuss the value of having a systematic investing process in the context of return chasing. Buying last year’s winners is an all-too-common thread in the investment world, as well as a behavior rooted in human nature. It is our belief that a better approach is to employ a set of simple rules that circumvent these potentially harmful behaviors.
April 2023 Investment Update
In this monthly note, we consider both the bull and bear case for equities. We also highlight why our focus remains on controlling what we can control by being disciplined about our systematic investing process. Focusing on a repeatable process, and not short-term outcomes, is how we will achieve the long-term strategic goals for our clients.
March 2023 Investment Update
In this Monthly Note, we look at the current environment as a good news/bad news scenario and discuss the merits of systematic investing through the framework of risk management and timeframe selection.
February 2023 Investment Update
In this month’s note we discuss our own refrain – “first time in a while” – which captures how we are increasing exposure in certain asset classes for the first time in many months (or years). Using our systematic investing process helps us remain adaptive and nimble, eliminates our “memory” of the distant past, and focuses us on what is happening in the moment
