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Week of January 8, 2024 - Weekly Performance by Strategy

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  1. All 1 unit position sizes that were used for the results above are shown on the respective strategy performance pages on the strategy 'Trades' PDF.

  2. Clients trading more than 1 unit of risk per trade (2x, 3x, etc.) realized the performance published above correspondingly to that amplified magnitude.

  3. The results for Trade Sphere are based on 1 unit size as well, which is generally around $500 per unit, and the entries and exits published as 'signal guidance'.


CPI was center stage this week on Thursday, and for the most part, even though it came in slightly hotter than expected, ended up being a non-event for the markets overall.

We were positioned somewhat to the bullish side into the event across the strategies and would have benefited from a continued melt up in equites, but the modest selloff was sufficient enough for our bearish directional trades to offset the modest down move that resulted post-number.

Looking Ahead

The econ calendar is fairly tame next week, with the only possible market mover (albeit slight) is Retail Sales on Wednesday. Markets are closed on Monday for MLK Day, so the shortened trading week comes into play somewhat.

The market is shaping up for an environment where for our purposes more exposure will offer more upside potential, but not more risk per se. We expect to see this across the strategies, as even if volatility is priced lower, this does not match up with the realized volatility path our data indicates is possible.

In a nutshell, I expect the next 2-3 weeks to offer us some good opportunities to take some money out of the markets on both sides.


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