Insights

The S&P progressed higher during much of the month of July, but ended the month with a gap higher that failed and betrayed an area of strong resistance. We discussed this zone in previous letters as being the location of the initial sell-off which began in early 2022.

The S&P moved higher throughout the month of June creating some excellent swing trading opportunities for long positions. Volatility returned to the market and created surging waves into the price levels where the sell-off began in early 2022.

Is the party over? Many investors may be wondering if the stock market's advance in 2023 is for real and a good time to stay invested or even add to an existing positing. In other words does the market have more to go or has it run out of gas?

After spending the month of April moving sideways and consolidating, the S&P broke higher in May and is attempting to initiate a new uptrend.

Reacting to market volatility could hurt your chances of reaching your long-term investing goals. The trouble is that many people don’t understand stock market volatility and how it impacts their portfolio strategy.

Investors holding stocks and bonds as part of their portfolio of investments have experienced and will experience challenging market environments as is the case right now.

A key benefit of managed futures programs is their low correlation to traditional equity and bond investments.

Volatility has changed—and has changed us. During the previous decade, we had far more frequent occurrences of extreme (or “fat-tail”) moves in the equity markets, which deeply scarred most investors.