Portfolio on 5.22.20

Up 1.1% for the week. The cash is gone now for the first time since February 28th. The portfolio is up about 3% since that day, while the S&P 500 is about flat over that horizon.

Year to date the strategy is up 4.2%, clipping the S&P 500 by 11.9% for the year.

All the cash went straight to bonds as correlation is looking a bit more favorable. On May 22nd, 2020, the strategy rebalanced to:

40% SPY , 40% TLT , 20% GLD

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