Down about a one and a quarter percent this week. Not the best, but certainly better than the S&P 500. Not surprisingly, the portfolio moved out of stocks and into bonds on Friday. During the up move in June and July the strategy aggressively preferred stocks, but has slowly moved back to a normal composition. Time will tell if this was a beneficial adjustment or not. On August 2nd the strategy rebalanced to:
60% SPY , 32% TLT , 8% GLD