Monthly Performance Update: October 2024
- Acrux Capital
- Nov 1, 2024
- 1 min read
Market Recap
This was a month where volatility was priced (expected) much higher than what was realized. The indexes all shed some value, but nothing too dramatic. There were several days where the daily move was significant, but again, nothing that caused any type of massive gains or losses. Of note was Gold and Treasuries, both with strong and inverse moves to one another, possibly signaling something larger is looming.
Our Performance this Month All three strategies had their 'worst' month since inception, yet all slightly positive for the month relative to their respective risk profiles. Below are the monthly results for each on their respective baseline Risk Budgets, to include October's performance.
(Click to enlarge)
For more detailed performance check the following: Strategy Performance Page
The Month Ahead
Next week. The Election. That's it.
It may take several days, even longer, for the market to digest the outcome and who knows what else comes into play. But as always, it's just information for our purposes and we will execute each strategy's mandate without prejudice and seek the optimal outcome for our clients.
Whether you lean red or blue, love or hate either candidate or party, as a trader or investor don't let this blind you to opportunities that present themselves. Having a fixed or biased mindset based on emotion will always lose in the long run. And not to mention it's childish.
Good 'luck' to all.
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