Quick update, still hedged!

Once again, I still have no strong conviction where this market is going.

But small cap value momentum gets a bid here:

Above is my system book I am trading right now.

Below is the unhedged version:

The base book is actually pretty weak or let us say o.k.

What is really driving performance are the earnings upgrade systems right now within the book.

So where are we?

This market does differentiate, we do not have a 2008 and we probably do not have a 2020 from here.

Mid to long term I am bullish: As I have written, I am waiting on a 15-20% drawdown on my trading book, will lift hedges and then suck up the volatility the market gives to me.

Best Regards

Andreas

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The information on from Andreas Himmelreich / QuantStrike and this video / blog is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products.  Investment decisions should not be made with this video, and one should consider the investment objectives or financial situation of any person or institution.

Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions based on the investor’s own objectives, experience, and resources.

The information from Andreas Himmelreich / QuantStrike and this video / blog is based on generally available and paid information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed. All performance results are hypothetical and the result of back testing only. Out-of-sample performance may be different. No claim is made about future performance.

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