NEW SIGNAL (@ 2020-07-22 00:00:00)
New signal for S&P500: *SHORT*. This new SHORT signal for SPX closes the previous LONG signal which was held for 99 days at a return of 18.5%. It has captured a large portion of the rebound since the Covid-19 March sell-off up to where the underlying is now relatively flat year-to-date. The long/short model is up 18.5%, whilst long-only is 15.1% and the underlying's buy and hold return is up 2.5% ytd.
Whilst a SHORT signal here is better expressed as part our 'flagship' Model Portfolio which contributes a 20% weighting to it. Given the other signals within the portfolio are all long, high correlations suggest, our portfolio should continue to perform even if the market remains buoyant. (See all signals here)
