Powerfund Portfolios Performance Review

Powerfund Portfolios Commentary

January 2024 Performance Review

February 22, 2024

December's significant returns for stocks and bonds largely fizzled out in January, at least for non-US stocks. ...read the rest of this article»

2023 Performance Review

January 12, 2024

Falling inflation, a surprisingly robust economy, and expectations of reduced short-term rates led to a dramatic decrease in long-term rates and a significant stock market rally, especially in speculative sectors that suffered in 2022. ...read the rest of this article»

November 2023 Performance Review

December 12, 2023

November was a month for the record books. The bond market abruptly reversed course as investors collectively decided that 5% on a ten-year government bond was about as high as we're going to see. ...read the rest of this article»

October 2023 Performance Review

November 19, 2023

With the strength in early November, The S&P 500 index is only about 5% away from all-time highs hit at the end of 2021. The bond market is still down about 20% from the highs, with longer-term government bonds down around 40% — the biggest drop ever. ...read the rest of this article»

September 2023 Performance Review

October 10, 2023

The hot US stock market couldn't handle the renewed slide in bonds, leading to a decline of over 4% for a balanced portfolio of stocks and bonds for the month. Despite this, the economy remains strong, even as 30-year fixed rate mortgages approach 7%, reminiscent of the worst of the bond market hit in 2022.  ...read the rest of this article»

August 2023 Performance Review

September 13, 2023

The economy is not slipping into a recession so far, at least not in the USA. However, rates are expected to remain high due to escalating costs in energy and housing. Notably, only short-term bond funds exhibited growth last month, with almost all fund categories sinking. Some riskier bond funds were the exception, benefiting from a robust economy that supports higher default risk bonds. ...read the rest of this article»

July 2023 Performance Review

August 5, 2023

The stock market is like a fighter in a movie, taking severe punishment in the form of rising rates and saying, "Is that all ya got?" to commentators asking "what is keeping him standing?" before a big comeback. ...read the rest of this article»

June 2023 Performance Review

July 5, 2023

Considering our heavy exposure to value stocks and bonds, we're surprised to be at least in the ballpark of the Vanguard benchmark total global portfolio fund. This is despite the tech and large-cap growth market quickly outpacing us. ...read the rest of this article»

May 2023 Performance Review

June 5, 2023
Category: 
Powerfund Portfolios

The economy remains surprisingly buoyant, despite the Federal Reserve's relentless rate increases to temper persistent, high inflation. Given that we're still in a real estate bubble, built upon a foundation of low rates and lax Covid-related fiscal and monetary policy, this is quite a remarkable feat.  ...read the rest of this article»

Stock Funds1mo %
UltraShort Bloom. Crude Oil (SCO)19.45%
ProShares Decline of Retail (EMTY)15.47%
Proshares Short Bitcoin (BITI)7.77%
Franklin FTSE South Korea (FLKR)3.83%
Vanguard Communications ETF (VOX)2.61%
Franklin FTSE Brazil (FLBR)2.25%
Proshares Short High Yld (SJB)1.74%
NightShares 2000 (NIWM)0.87%
Franklin FTSE Japan ETF (FLJP)0.52%
[Benchmark] Vanguard 500 Index (VFINX)0.43%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)-2.48%
Invesco CurrencyShares Euro (FXE)-2.93%
Vangaurd All-World Small-Cap (VSS)-3.50%
Homestead Value Fund (HOVLX)-3.54%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)-3.70%
Vanguard FTSE Developed Mkts. (VEA)-3.73%
VanEck Vectors Pharma. (PPH)-4.08%
Vanguard Value Index (VTV)-4.12%
Franklin FTSE Germany (FLGR)-4.76%
Vanguard FTSE Europe (VGK)-5.12%
LeatherBack L/S Alt. Yld. (LBAY)-7.33%
Franklin FTSE China (FLCH)-9.04%
ProShares UltraShort QQQ (QID)-13.75%
Bond Funds1mo %
iShares JP Morgan Em. Bond (LEMB)0.72%
[Benchmark] Vanguard Total Bond Index (VBMFX)-1.09%
Vangaurd L/T Treasury (VGLT)-2.79%
Vanguard Long-Term Bond Index ETF (BLV)-2.91%
Vanguard Extended Duration Treasury (EDV)-4.23%

April 2023 Performance Review

May 5, 2023
Category: 
Powerfund Portfolios

This year has been marked by turbulence in the banking sector. The total assets of failed banks already exceed the inflation-adjusted assets of the banks that failed in 2008 during the financial crisis. These stark figures suggest we are likely to surpass the total assets of all the banks that collapsed during the 2008 crisis, which saw elevated failures through 2012 due to massive losses from aggressive real estate lending during a substantial housing bubble. ...read the rest of this article»

Stock Funds1mo %
Vanguard FTSE Europe (VGK)4.13%
Franklin FTSE Germany (FLGR)3.69%
Franklin FTSE Brazil (FLBR)3.42%
Vanguard FTSE Developed Mkts. (VEA)2.63%
[Benchmark] Vanguard Tax-Managed Intl Adm (VTMGX)2.55%
VanEck Vectors Pharma. (PPH)2.45%
Vanguard Communications ETF (VOX)2.32%
Homestead Value Fund (HOVLX)2.01%
Vanguard Value Index (VTV)1.77%
Invesco CurrencyShares Euro (FXE)1.72%
Vangaurd All-World Small-Cap (VSS)1.57%
[Benchmark] Vanguard 500 Index (VFINX)1.56%
LeatherBack L/S Alt. Yld. (LBAY)0.57%
Franklin FTSE Japan ETF (FLJP)0.52%
ProShares Decline of Retail (EMTY)0.34%
Proshares Short High Yld (SJB)0.22%
Franklin FTSE South Korea (FLKR)-0.54%
[Benchmark] Vanguard Emerging Mkts Stock Idx (VEIEX)-0.66%
ProShares UltraShort QQQ (QID)-0.68%
NightShares 2000 (NIWM)-0.94%
Proshares Short Bitcoin (BITI)-3.18%
UltraShort Bloom. Crude Oil (SCO)-3.97%
Franklin FTSE China (FLCH)-4.27%
Bond Funds1mo %
Vanguard Long-Term Bond Index ETF (BLV)0.66%
[Benchmark] Vanguard Total Bond Index (VBMFX)0.54%
Vangaurd L/T Treasury (VGLT)0.51%
iShares JP Morgan Em. Bond (LEMB)0.36%
Vanguard Extended Duration Treasury (EDV)0.14%
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