Algorithm Performance: 11/10/2022
Performance Rankings
The Market: +1.71%
Long Term Portfolio: +0.64%
Variable Sector Neutral: +0.24%
Base Algorithm: -0.08%
Sector Neutral: -0.33%
Variable Market Neutral: -0.74%
Market Neutral: -1.26%
What Happened And Why?
Today was difficult in a totally different way than yesterday. The big reason for this is CPI numbers. Most of the movement today had nothing to do with technical signals, meaning our algorithms had very little sight of it. Our long term portfolio also underperformed, as it’s intended to on days like today. We’re taking a defensive strategy with our portfolio. As you saw yesterday, it did much better than the market when it was down.
In all honesty, we shouldn’t have used the algorithm today. We try not to on the days of big reports, but we chose not to today. That was on us. While our performance today was poor, there wasn’t much else we could have done to mitigate it. At this point, all we can do is learn from this.
Tomorrow’s Outlook
The full algorithm reports will be published tomorrow morning, once Allen has had a chance to vet its recommendations. In the meantime, here are our tentative exposures for the trading day tomorrow:
That’s all for tonight. Thank you for reading, and congrats to everyone who made money today. Let’s see how we do tomorrow.
-Asher
