Why 2025 Demands a Hedged Approach – And How I’m Positioned

Quick Note:

As I have written at the beginning of the year, this year is a good year to be hedged in general.

A big rally on the SPY is in the books.

My main concern is the Fed, which is still shrinking its balance sheet and seems not to be in the mood for providing liquidity.

I am about 50% net long my AI Factor Small cap models + a 20% Gold position.

Best Regards

Andreas