Weekly Performance Update: Week of 9/30/24
- Acrux Capital
- Oct 5, 2024
- 2 min read
Market Recap
The market sold off a bit on Tuesday on the ongoing conflict in the Middle East, but was able to quickly form a base for the week heading into NFP on Friday. The results of NFP was a blowout jobs number, beating expectations by over 100k on the headline. While the market initially surged some, there was a modest selloff from opening range highs, only to rally back close to those levels into the close.
It seems, at least as of this writing, that the market seems a bit undecided and that 'good news is bad (or not great)' in terms of the magnitude of future rate cuts. At least for the remainder of this year.
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Our Overall Performance - Big Picture
Decent results in the first 3+ months of trading, but Hedge Fusion and Futures Focus lagging just a bit from where we expect to see annualized returns. Albeit still positing amazing returns to-date. However, highly confident this will sort itself out and the strategies will all be on target for the NON-COMPOUNDED annualized returns as follows.
Pure Alpha: 500% to 1,000%
Hedge Fusion: 250% to 500%
Futures Focus: 500% to 1,000%
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Our Performance this Week
Pure Alpha leads the week again, with both Hedge Fusion and Futures Focus down. Hedge Fusion posting its worst week yet, but still well within the overall risk parameters and all part of the game. In reality the loss is posted this week will see an equal amount of winning weeks that are 2x that amount to the positive side in the proper volatility regime and over the course of any 12 month period.
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For more detailed performance check the following: Strategy Performance Page
The Week Ahead/Outlook
CPI on Thursday and PPI on Friday. These, coupled with the slightly elevated volatility, should present us with a ton of opportunities in the week ahead and the remainder of the month as we head into the Election on November 5th.
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