How was Q1 2020 like for US stock market?
The US stock market started 2020 in an euphoric tone. The signing of the Phase 1 trade deal between US and China sent the prices skyrocket, hitting all time high. Unfortunately, things started to turn ugly by end of February.as the COVID-19 outbreak took the world by surprise. The world economy came to a standstill as countries began to close borders and implement lockdowns. Market indexes plummeted over 30% and swiftly entering into bear market. To bail out the economy and save jobs, the Fed's introduced hefty stimulus. That gave the market a reason to cheer. In late March, the indexes rebounded from their lows to end the quarter with some hope of a V-shaped recovery.
How did the portfolio perform in Q1 2020?
For the month of March, the system's portfolio only fell slightly -0.34% while the benchmark SPY tumbled a 12.48%. The reason for only a slight drop is because the portfolio was on 100% cash for the most part of March as the system had offloaded all positions when the market trend reversed in late February. For Q1 2020, the US portfolio return was -5.09% while SPY was -19.45%. Despite beating the market by such a huge margin, it does not feel great, given the dire situation we are in now. Total return since inception is now +53.71%.
Join us in our quest for abnormal returns. Get started today >>
Portfolio March return: -0.34% (vs SPY -12.48%)
Portfolio YTD return: -5.09% (vs SPY .-19.45%)
Total return since inception (since June 2016): +53.71% (vs SPY +32.90%)
What is DIYQuant's plan for Q2?
My next move will be to wait for reversal to solidify before loading up. This is to prevent being caught in a fake bull run (aka bull trap or dead cat bounce). Market volatility is high hence huge price swing is expected. To know first hand where the market is heading every week, subscribe to our premium subscription package. Visit our main page to find out more.
Get Full Access and follow our system's quest for ABNORMAL returns
Performance Join as Member
Follow our blog on Facebook!
For the month of March, the system's portfolio only fell slightly -0.34% while the benchmark SPY tumbled a 12.48%. The reason for only a slight drop is because the portfolio was on 100% cash for the most part of March as the system had offloaded all positions when the market trend reversed in late February. For Q1 2020, the US portfolio return was -5.09% while SPY was -19.45%. Despite beating the market by such a huge margin, it does not feel great, given the dire situation we are in now. Total return since inception is now +53.71%.
Join us in our quest for abnormal returns. Get started today >>
Portfolio March return: -0.34% (vs SPY -12.48%)
Portfolio YTD return: -5.09% (vs SPY .-19.45%)
Total return since inception (since June 2016): +53.71% (vs SPY +32.90%)
What is DIYQuant's plan for Q2?
My next move will be to wait for reversal to solidify before loading up. This is to prevent being caught in a fake bull run (aka bull trap or dead cat bounce). Market volatility is high hence huge price swing is expected. To know first hand where the market is heading every week, subscribe to our premium subscription package. Visit our main page to find out more.
Get Full Access and follow our system's quest for ABNORMAL returns
Performance Join as Member
Follow our blog on Facebook!
![[Watchlist] US Stocks caught Trending on System's Radar for Week of 17th Sep 2018](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVlw8ePzHYbUGgNe8-I-gEMvS7StYEclF_E7lAhUHjHAXuTh1bUMXAt6Zg1o0qEFZfwIkS7__E3zVLFnLecU05bRmfsVTIxBqnwAsXocCDYCMCKYT3rXnPacIuEnANSsBQV6kHgPYQa8he/s72-c/stock-market-2616931_640.jpg)
![[Watchlist] US Stocks caught Trending on System's Radar for Week of 27th Aug 2018](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhld7TDTlKp433twtL0Ha0L_Aky2PiMKIJCcjTHgd4gZ0AUcAx1Y0R0c4NkdGA8Zru5eDEU4Mnfa2786NG_5UEfTqI2Hh4GQG6gai8q4XeNDMSlKb51xm-O7VwmhIevASVx62B5IC2drPM4/s72-c/stocklist1.jpeg)
No comments:
Post a Comment