Weekly Performance Update: Week of 11/4/24
- Acrux Capital
- Nov 9, 2024
- 1 min read
Market Recap
The election has finished (it seems) and like it or not the market rallied hard on a 2nd term for President (Elect) Trump. Treasuries finally showed some signs of getting off the mat and Gold had its worst week in quite some time. The Fed cut by 25 bps, which was mostly expected. Of note for us was the VIX collapsed, so this brings us more into the 'zone' for favorable for our strategies, assuming there is some directional follow-thru.
(Click to enlarge)
Our Overall Performance - Big Picture
(Click to enlarge)
Our Performance this Week
The volatility regime (jacked up premiums) did not work in our favor this week, along with the fact that Pure Alpha was slightly positioned to the put side into the close Tuesday. With this, were still able to eek out a very slight profit thanks to the QQQ hedges we had on. Futures Focus had a post-election call skew that produced what was basically a breakeven trade.
(Click to enlarge)
For more detailed performance check the following: Strategy Performance Page
The Week Ahead/Outlook
CPI on Wednesday and PPI on Thursday. Seems to be a jump ball for now if the Fed's efforts have worked to truly curb inflation and if it is actually under control. The Bond Market and Gold have been signaling otherwise, but the rest of the year it should become more apparent.
No Subscription Required for Pure Alpha, Hedge Fusion and Futures Focus.
Auto Trade our signals.
No subscription fees and fees based only on value provided!
Kommentare