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April 2017 Performance Review

April was a good month for stocks and bonds across the board in April, with foreign markets performing best of all. With longer-term rates declining and foreign markets strong, our model portfolios logged a decent month — even with the drag of shorting.

March 2017 Performance Review

The rally in stocks fizzled in March and bonds didn't offer much help as rates drifted up slightly. Foreign stocks performed better as the valuation gap — after years of underperformance to the U.S. stock market — may be attracting more money.

February 2017 Performance Review

Maybe it is the buzzy Snap IPO, maybe the daily stock market record highs, but we seem to be getting closer that ole' irrational exuberance again.

January 2017 Performance Review

The interest rate increase that accelerated when President Trump won in November ended in December. Rate-sensitive investments across the board have performed well in recent weeks, pushing our Conservative portfolio up more than our Aggressive portfolio in January.

December 2016 Performance Review

The Powerfund Portfolios started 2016 well and ended 2016 well, but the underperformance during the interest rate increase was a post-election drag on our bond and foreign funds which lowered both portfolios' annual return numbers. 

November 2016 Performance Review

November was Donald Trump's month in the markets. Nobody saw him winning much less U.S. stocks going up in the wake, but weirdly many of the stocks that did well after the surprise Trump victory started doing so before the election. Maybe this oddity — which could be a mere coincidence — will show up in the fake news that permeates the conspiracy circles online. Talk about a bull market…

October 2015 Performance Review

October was a strange one — and not just for the elections. Pretty much everything that was recovering this year slipped in last month.

September 2016 Performance Review

September was one of the dullest months in quite some time in the markets. The only broader fund categories up more than 3% where China and Japan funds. Most fund categories were within plus or minus 1%. Even in sector funds no category gained or lost over 5%.

August 2016 Performance Review

August was not much of a month for bonds or stocks and was surprisingly tame given swings in global markets over the last year or so. Slightly rising interest rates pushed bond prices down, and with not much in stock market upside to overcome the drag, we had fractional losses in both portfolios. 

July 2016 Performance Review

July was another month that the Conservative Powerfund Portfolio outpaced our Aggressive Portfolio. This is largely because rates keep declining globally and the Conservative portfolio is heavier on bonds and rate-sensitive stocks.