Fund Performance

Fund Performance Report – 31 October 2018 – “Yowzer…….we just got dumped”

October 2018 has tested the resolve of trend followers where we have suffered a similar fate to February 2018 and have witnessed a fairly nasty whipsaw in Energy, Fixed Income and Equity markets. Given that we had just caught the waves of September's volatility surge....all our hopes for the emergence of some good enduring swells in our direction  were shattered as mean reversion started to enter the mix as markets rebounded sharply from their maximum adverse excursions resulting in some crazy double-up formations and some spectacular wipe-outs.

Fund Performance

Fund Performance Report – 30 September 2018 – “The Swells are Building”

September 2018 saw the re-emergence of volatility in the equity markets with an ensuing decline in the S&P 500 TR Index (includes dividends) of  6.83% for the month. Does this small blip in an otherwise linear ascent in the Index since January 2009 signal further volatility ahead....or like February 2018, will we see a return to the progressive surge of the Index to new highs?