V2 Model Oct. 1, 2022 Update

Recap

September sucks. This year, though, was particularly bad. Including this week's losses, the Dow, Nasdaq, S&P 500, Russell 2000, and S&P Midcap 400 declined 9.0%, 10.5%, 9.3%, 9.7%, and 9.4%, respectively, in September.

This week had the same feeling of desperation as recent weeks have had. The desperation was rooted in concerns about rising interest rates, the extreme volatility seen in currency and bond markets, and worries that the global economy is headed for a recession.

The V2 Model Portfolio was up this week and continues to outpace our benchmark of the SP500 by over 35%. V2 was up for September by 9.00%. (I'll get the monthly recap out hopefully tomorrow with some additional long-term performance numbers.)

I had a number of inquiries this week asking how far the market will fall. I do not know. There are a number of common sense stopping areas from a technical point of view where buyers may look to enter the market. You can see a couple of ideas in our charts below. That said, V2 follows our quantitative approach. For the month only 15% of our ratios were in the green. We do not pick tops or bottoms. We follow the math.

Performance This Week / YTD

V2 +3.59% / +11.40%

SPY -2.93% / -23.93%

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