Current discussion about market evolution assigns almost a 50-50 chance on either direction. Making a directional bet based on some form of “analysis” is akin to a coin toss, given all the extraneous parameters over which no-one has a grasp on.
Luckily, at Whitetip Investments AEPEY we’re as stress-free as ever. Our course of action is dictated by TASIS, our proprietary, in-house developed investment management system that rewards assets for trend and penalizes them for volatility and with its robust risk management overlay provides an integrated approach throughout the entire investment cycle. Thanks to TASIS, our portfolios were quiet passive throughout last summer to early fall, went outright long late October, but started trimming positions by the end of February. By the end of the first week of March they were almost completely liquidated and by the next they were outright short. All this happened naturally, just by following the flow of our system’s dictates.