All Weather Strategy

The All Weather Strategy underperformed a traditional 60/40 portfolio by 0.3% in May 2022. War in Ukraine, recovery demand, and supply-chain bottlenecks to drive commodities and gold.

The All Weather Strategy was down but outperformed a traditional 60/40 portfolio by 1.2% in April. War in Ukraine, demand for necessities, and supply-chain bottlenecks to drive commodities and gold.

All Weather Strategy: AWS significantly outperformed a traditional 60/40 portfolio by 2.1% in March 2022. War in Ukraine, recovery demand, and supply-chain bottlenecks drive commodities and gold.

All Weather Strategy: AWS outperformed a traditional 60/40 portfolio by 0.8% in February 2022. Fed’s unwillingness to crash markets could drive equities higher. War in Ukraine, recovery demand, and supply-chain bottlenecks to drive commodities and gold.

All Weather Strategy: AWS significantly outperformed a traditional 60/40 portfolio by 2.2% in January 2022. Fed/ECB unwillingness to crash markets could drive equities higher. Recovery demand and supply-chain bottlenecks to drive commodities. Risks: Inflation quickly gets under control, new lockdowns, Fed rate hikes crashing the US market.

All Weather Strategy: AWS outperformed a traditional 60/40 portfolio by 1.4% in December 2021. Fed/ECB unwillingness to crash markets could drive equities higher. Recovery demand and supply-chain disruption to drive commodities. Risks: Inflation turns out transitory, new lockdowns, US default.

All Weather Strategy: The strategy performed in line with a traditional 60/40 portfolio in the past three months. Fed/ECB unwillingness to taper could drive equities higher. Commodities driven by the energy crisis and supply-chain disruption. We keep our target allocations unchanged.