V2 Model September 24, 2022 Change

Recap

The month of September has been the worst-performing month of the year historically for the stock market. Unfortunately, it is living up to that historical reputation this September.

Markets worldwide were down sharply this week with the S&P 500 Index finishing over 3% lower for the fourth week in the past five. Investors are worried that given Q3 earnings warnings and other signs of a slowing economy, the Federal Reserve (Fed) will steer the economy into a hard landing as they attempt to curb present price pressures.

Moreover, many market participants believe that Q3 estimates, which have been slashed over 6% from the end of June, will have to be cut further amid a deteriorating macroeconomic landscape.

The V2 Model Portfolio was up this week and continues to outpace our benchmark of the SP500 by nearly 30 percent.

A good number of you reached out to me this week with words of thanks and enthusiasm for our work. For that, I say thank you for following what we do. Our approach remains pretty simple. Focus on the math. Believe in the long term.

That said, we will make a change during Monday's session.

Performance This Week / YTD

V2 +6.84% / +7.53%

SPY -4.57% / -21.63%

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