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.
Two strong months in a row. Is there a light at the end of the tunnel? Or is that an oncoming train? No predictions, but for now, we breathe. The Levered Butterfly was the winner this month, with the RPC Stability still in first overall. Good month for RP portfolios compared to traditional ones.
A real Tale of Two Cities kind of month for investors: stocks boomed, fixed income bolted in the opposite direction, with alternatives plugging along. Great month for the traditional portfolios, as diversification meant “de-worse-ification.” RPC Stability still in the lead, though.
Another terrible, horrible, no good month - sound familiar? In an already bad year, September was especially bad - portfolios down between 5.7 and 11.8%. Q3 dividends meant a few portfolios didn’t require many withdrawals - a thin silver lining on an otherwise dreadfully gray cloud.
