Alderique
Dear partners, By now your newsfeeds must be inundated with almost everything tariff-related. I think even my cat is beginning to understand international trade and geopolitics too, and why her brown rocks are beginning to be less tasty, I suppose. Market downturns, like the one we're going through, are a natural part of the market cycle. I have, in the past, reiterated that it's only a matter of "when", not "if" that one occurred. And I've always sought to prepare the portfolio to go through it. As of this writing, the S&P500 index shows a performance of -13.54% year-to-date (YTD). Alderique is at -3.11%, a difference of between losses experienced of 10.43%. The fear-and-greed index currently sits at 4, indicating extreme fear as prospects of a recession solidify into a reality for many. Reportedly, the markets lost trillions in a matter of seconds when tariffs were announced. To say that market conditions are tumultuous would be an understatement. Moving forward into this new reality, Alderique would simply continue doing what it has consistently done. That is, to read, think, adapt and repeat. The portfolio has made a few purchases over the last two trading days, and will continue to do so even as the markets bleed. There are a few companies I've had my eye on for the longest time, and this downturn might be the opportunity needed to execute. Because of the extreme volatility and unprecedented nature of current market circumstances, I would be writing a post detailing all actions taken during the previous week. This would, hopefully, increase transparency of all activity happening within Alderique and the rationales for certain actions. With you, through the highs and downs of Mr. Market, Alderique.
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