The AQ multi-strategy model portfolio is up +0.6% for May 2023 and +7.0% year to date.

T-Bills were the golden opportunity last year. However, they are maturing soon and yields have come down. Here's the next golden opportunity

The AQ multi-strategy model portfolio is up +2.3% for April 2023 and +6.4% year to date.

April was a dull month, with a bit of excitement towards the end when First Republic Bank went into freefall.

Today's high-interest rate environment allows for this unique barbell portfolio that protects capital and potentially delivers high returns.

March was a roller-coaster month. When Silicon Valley Bank collapsed, it set off a chain of bank failures that resurrected the ghost of GFC.

Inflation worries came back to haunt markets in February, hitting all asset classes.

Almost like clockwork, the new year marked a significant shift in markets as fortunes shift among the various asset classes.

December felt like a return to the market dynamics in the first half of the year when almost all asset classes dropped.

A macro shift occurred in November after CPI came in convincingly lower than forecast for the first time. Bonds and gold benefitted greatly.

October marked a relief from the carnage in September although it was more for risky assets. Volatility collapsed as the VIX dropped.

September turned out to be worse than August. All asset classes slumped. Even soft commodities could not escape the carnage.

This month, all asset classes dived. Sentiments are back to where they were early this year after Jackson Hole with a hawkish Jerome Powell.

Markets were already undergoing a rebound from the sharp sell-off in June when Jerome Powell added fuel to the fire towards the end of July.

Asset classes continue to be highly correlated to the downside with stocks and REITS taking the most hit. Safe-haven assets were also down,

Market sentiments turn around near the end of the month as Fed tampered down rate hike expectations of 75 bps or more which the market price

April was a terrible month for equities. But what made April a truly horrible month is that almost all other asset classes went down badly.

The US Federal Reserve kicked off the much expected first rate hike and penciled in another 6 more quarter-point hikes for this year.

The volatility persisted into February on the backdrop of rising inflation. This continued to add pressure across most asset classes.

The year started on a sour note marked by a volatile month with almost all asset classes in the red. See how our multi-strategy performed.