Market recap, open positions, new signals, and performance of six trading strategies. Tactical asset allocation, mean reversion, cross-sectional momentum, and equity long-short with weekly and monthly updating. Access the full report with a Market Signals or All-in-One subscription.
Contents
1. Market Recap and Comments
2. Performance of the Ensemble and Benchmarks
3. Positions and Performance of Strategies
4. Signal Summary for Next Week
1. Market Recap and Comments (April 29–May 3, 2024)
Summary: Stocks rebounded and bonds rose, while gold, commodities, and the US dollar ended the week with losses.
Large-cap stocks (SPY) gained 0.6% in anticipation of a slowing labor market and increasing odds of rate cuts in September. The equal-weight S&P 500 ETF (RSP) finished the week up 0.2%. International stocks (VEU) added 1.7% as gold and the US dollar fell.
The TLT ETF rebounded 2.2% in response to expectations of a slowing economy and a dovish Fed. The DBC ETF fell 2.3% due to a sell-off in the energy sector. Gold (GLD) fell 1.7%. The US dollar (UUP) finished the week down 0.8%.
2. Performance of the ensemble and benchmarks
|
This post is for paid subscribers
Already a subscriber? Sign in |
10% perpetual discount with code MS10
Market signals and All-in-One subscriptions
This offer will expire without notice.
Access the full report with a Market Signals or All-in-One subscription. By subscribing, you have immediate access to hundreds of articles. Market Signals subscribers have immediate access to hybrid asset allocation and dynamic momentum monthly signals and more than two hundred articles in the Premium Education section, and All in One subscribers have access to all premium content (except daily mean-reversion signals.)
Charting and backtesting program: Amibroker. Data provider: Norgate Data
Disclaimer: The Premium and Weekly Signals are provided for informational purposes only and do not constitute investment advice or actionable content. We do not warrant the accuracy, completeness, fitness, or timeliness for any particular purposes of the Premium and Weekly Signals. Under no circumstances should the premium or weekly signals be treated as financial advice. The author of this website is not a registered financial adviser. Before subscribing, please read our Disclaimer and Terms and Conditions.
Copyright notice: Any unauthorized copy, reproduction, distribution, publication, display, modification, or transmission of any part of this report is strictly prohibited without prior written permission.
