April turned out to be a thoroughly nondescript, boring, and lackluster month…kinda nice, wasn’t it? All portfolios around the breakeven point after withdrawals. Winner: the Capital Efficient Butterfly (+.79%); loser: the Levered Seasons (-.69%). RPC Stability up .01%, and still first overall.
Bit of a tempest in a teacup this month: lots of bad and dramatic news, but in the end, really decent portfolio performance. Bonds made a big comeback, helping the Qian portfolio win the month. RPC Stability still in first overall, but its lead is shrinking.
Whiplash…again? Horrible December, great January, and now back to dismal. Only one asset up for the month (DBMF!) led to bad performances across the spectrum. Best: Classic 60/40, worst: the bond heavy Qian portfolio. RPC Stability remains stabilized in first place overall.
Whiplash. We went from a pretty bad month to end a pretty bad year to what was simply an amazing January: two portfolios were up +11%, two more +9%, and even the worst was up 5%. Leverage-heavy RPC Growth the best performer; super diversified RPC Stability still first overall.
That light at the end for the tunnel I wondered about in November is now making choo-choo noises. December was reminiscent of the summer, as most assets slid. RPC Stability still in first but RP portfolios with leverage are struggling.
