All Weather Strategy

All Weather Strategy: The All Weather Strategy performed in line with World equity in December. Vaccine news, stimulus, and stimulus expectations can drive stock markets further. Currently, our equity target allocation is at the strategy max of 85%.

All Weather Strategy: The All Weather Strategy underperformed as World equity recovered in the past three months. President Biden, stimulus checks, and vaccine news lead to positive sentiment. We increase our equity allocation to the strategy maximum of 85%.

All Weather Strategy: The All Weather Strategy outperformed as World equity fell in October. US election day won’t end uncertainty, China is driving an Asian recovery. We continue to focus on downside protection with 15% short-term gov’t bonds and 30% gold.

All Weather Strategy: The All Weather Strategy outperformed as World equity fell in September. It appears there could be a second lockdown on the way in Europe, first out is the UK. We continue to focus on downside protection with 15% short-term gov’t bonds and 30% gold.

All Weather Strategy: The All Weather Strategy has underperformed World equity, due to the forceful rebound in stocks. We remain cautious with a conservative equity allocation, focus on downside protection, and keep 30% in gold.

All Weather Strategy: The strategy had a lower return than World equity in July, as equity rebound continued. We continue to focus on downside protection with 30% short-term gov’t bonds and 30% gold. Gold has also helped the return of the strategy and was the best performer in July.

All Weather Strategy: The strategy had a lower return than World equity in June, as equity remained strong. Fed can’t rescue the market forever, even if the virus is under control, other issues remain. Continued focus on downside protection with 30% short-term gov’t bonds and 30% gold.

All Weather Strategy: The All Weather Strategy has underperformed World equity, due to the forceful rebound in stocks. We move away from our ultra-conservative equity target allocation but remain cautious and focus on downside protection.