Recent Idea Performance Review & Positioning Updates (August 2023)

Performance Update and Positioning Insights

In this post, I provide a performance update on 10 recently posted ideas as well as provide updated views on positioning. I believe some of these have overextended their recent gains and would close them or trim them at the very least.

In terms of return attribution methodology, I am using end of day prices as of the publishing date or last trading date, if applicable. Note these returns are all approximations and I am using the Bloomberg Total Return function to calculate these for consistency purposes. I’ve provided S&P 500 and High Yield Index returns over the corresponding periods for benchmark comparison purposes. This is not an official track record or recommendation by any means.

Disclosure: The information provided is for informational purposes only and should not be considered as investment advice. Any investment decisions made based on the information provided are at your own risk. I may have a financial interest in the securities discussed, which could influence my views. It is essential to conduct your own research and consult a qualified financial advisor before making any investment decisions. Investing involves risks, and past performance is not indicative of future results. By using this information, you acknowledge that you are responsible for your own decisions and release me from any liability. Seek professional advice tailored to your financial situation and objectives.