Yesterday\u00a0was a pretty good day for our portfolio despite the fact that TLT just fell another big chunk to 129 ish. It\u00a0seems to have found some support with interest rates on the 10 year being around 2%. Obviously our momentum portion is down about 6%-6.5% for the month. That’s about 25% of our portfolio. \u00a0However, \u00a0Our alpha portion is having a great month\u00a0and is kind of making up for some of that loss. We’re down on the month but\u00a0we’re inching closer and closer to break even. We had a good Jan so if we can eek out a small gain in Feb with all of this crazy volatility, I’d be v. pleased. I mean, the S&P\u00a0is up 5%, down 4%, up 5% down 5%. The TLT is up 10% then down 6.5%.\u00a0It’s not easy an easy environment\u00a0especially with our pair trades\u00a0of which haven’t been all that negatively correlated lately. Both SPY and TLT were moving down in sync. That causes pain in a pair trade. However,\u00a0we are still doing well and we’re positive so I am happy about that. \u00a0With a little bounce in TLT\/REITs we’ll be very profitable over all.<\/p>\n
I read a relevant\u00a0article today. it starts off with “I got crushed last week. The accounts that I manage (for the most part) suffered losses and were down for the week. “.<\/p>\n
Rough Week For Bonds: Why I’m Staying The Course<\/a><\/p><\/blockquote>\n