Weekly Performance Update: Week of 10/21/24
- Acrux Capital
- Oct 27, 2024
- 2 min read
Market Recap
Great two way price action for the week, specifically for tech and small caps. TSLA earnings stole the show for the week gaining a massive 25% on positive earnings and outlook. Bonds continue to tank and Gold continues making new ATHs seems each and every week now.
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Our Overall Performance - Big Picture
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Our Performance this Week
Hedge Fusion led the charge this week, posting its best return to-date on the back of the price action on QQQ. Futures Focus was up a bit with the weakness on ES earlier in the week, even though the bias was bullish for how we were positioned, but the hedging components did well enough for a modest gain on a net basis. For Pure Alpha, things were looking slightly up early in the week, but we gave back the gains being on the wrong side of both TSLA and IBM earnings, but this is part of the game and it was a minimal loss for that strategy on a net basis.
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For more detailed performance check the following: Strategy Performance Page
The Week Ahead/Outlook
Big week ahead and the last week before the election. Econ and earnings wise there is a lot of potential for moves either way and we will be positioned accordingly. As of now, it looks like we will be going into the week with somewhat of a Bullish bias but as always we will let the market sort it out and take the opportunities provided.
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