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 22–April 26, 2024)
Summary: Stocks rebounded, gold and bonds fell, and the US dollar ended the week unchanged.
After dropping 5.3% in the previous three weeks, large-cap stocks (SPY) rebounded this week by 2.6% due to better-than-expected earnings in the technology sector. The equal-weight S&P 500 ETF (RSP) finished the week up 1.6%. International stocks (VEU) added 2.5%.
The TLT ETF trimmed weekly losses to 1% due to a rebound on Friday following the release of economic data, which showed no surprises on the inflation front. The DBC ETF ended the week up 0.9% due to gains in the energy and grain markets. Gold (GLD) fell 2% but was off weekly lows. The US dollar (UUP) finished the week unchanged.
2. Performance of the ensemble and benchmarks
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