Up 0.4% for the week. It’s looking like the market might have bottomed. We’ll see, I’m not making a prediction either way. If it does bottom, expect the strategy to under perform the S&P 500 for a few weeks. Historically it has always lagged a bit on the initial rebound. Remember, the unlevered portfolio only slightly beats the index over time (but with half the volatility and a quarter of the drawdown). It beat the index by 5% in August, so on the rebound expect to give some, but not all, back vs. the index.
But I may be getting ahead of myself, because who knows if we’re really heading back up again. On September 6th, the portfolio rebalanced to:
52% SPY , 36% TLT , 12% GLD