V2 Newsletter October 21 2023 Update

Rising Rate Expectations Pound The Markets!

October 21, 2023

Recap

Equities experienced a fairly broad retreat this week. The negative price action was mostly predicated on interest rate angst with some risk aversion related to the Israel-Hamas war piled on by Friday. The uncertainty surrounding a potential ground invasion by Israeli forces into Gaza weighed on sentiment ahead of the weekend due to the understanding that participants cannot react in real time while the markets are closed for trading.

Treasuries continued to act in a volatile manner that resulted in the 10-yr note yield crossing 5.00% at its high this week for the first time since 2007.

The V2 Portfolio moved from long to short this week and was flat.

Subscribe to Premium to read the rest.

Become a paying subscriber of Premium to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • Current VIG Portfolio! (We Use Common ETFs.)
  • • Access KIAM our automated , AI, algorithm in Composer.
  • • Weekly Recap, Performance, Market Notes and Informative Charts!
  • • Totally Transparent. V2 Is Easy to Follow. Simple to Use.