Weekly Update 15 May 2023
For the first time since 2021, there is the possibility of some real money being made over the next 12 months.
For the first time since 2021, there is the possibility of some real money being made over the next 12 months.
If bank earnings continue to come in strong, we believe bank shares could bounce.
Our strategy returned +14% in Q1, beating the MSCI World index by 6 percentage points.
It looks like the first quarter of 2023 will end with a gain for stocks.
All our US and European bank positions were sold on Friday, moving the majority of the portfolio into cash.