Closed All Positions

Time to take some time off. Closed all, but the Max-Sharpe positions, which are re-shuffled at the end of each month.

My SPY strategy suffered loses on the way down, but that was not all. Due to the increased volatility, I scaled down the positions (systematic), thus, I couldn’t benefit entirely from the recent rally. All in all, some stress and work for … nothing.:)

According to the SPY strategy, the rally has gone too far – time to take a short. My gut feeling tells me the same, but the last call is always up to Mr Market.

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