That’s more like it, up just over 3% for the week.
The markets were still quite volatile, but the strategy stayed fairly stable. Compared to the prior week, it called for a similar ratio of assets the entire time. But as the volatility continued to climb, cash increased to limit the potential drawdown.
This is definitely a defensive portfolio. It doesn’t mean the markets are likely to keep falling. But at this level of volatility the potential pain, and impact to geometric return, is too great to ignore. On March 6th, 2020, the strategy rebalanced to:
22% SPY , 26% TLT , 12% GLD , 40% Cash