Vig Co August 24, 2024 Update

Lower Rates In September!

Good morning.

The stock market exhibited mixed action at the index level this week. Some sessions featured downside moves driven by consolidation activity, and some sessions featured robust buying. Like recent weeks, buying activity was driven by the notion that the Fed will lower rates beginning in September.

Ultimately, the S&P 500 settled 1.5% higher, the Nasdaq Composite jumped 1.4%, and the Russell 2000 closed 3.6% higher than last Friday. This price action left the S&P 500 just 0.6% below its all-time high. Volume was below-average through most of the week, reflecting a lack of participation due to vacation schedules and some hesitation ahead of potentially influential events.

Performance

We currently hold two symphonies. Here is their performance this week and since inception. We were up this week.

Performance since inception.

Here are three important things to know.

We are closing our Vig Co. Investment Newsletter on September 14, 2024. Over 800 of you have been following our work. But, after 5 years the time commitment for me was becoming too great. I am pleased with our long-term performance. Our performance over the last two years has been weak. You can unsubscribe at the bottom of any newsletter. Thank you for your kind words and please know my family, dog (Archie) and I are all in good health and fine.
We are moving half of our investment funds to a new portfolio/symphony in composer called Vig Co Simple 21 MA TQQQ UPRO NVDA. This is a return to our humble beginnings more than 10 years ago. The strategy is leverage long (Using UPRO, TQQQ, and NVDU) when the price of the SP500, QQQ or NVDA is above their 21-day moving averages respectively. When the prices fall below the moving average the model derisks by moving to cash (BIL). See the image above for backtested results since 2016. Annualized returns are roughly 40%. Here is the link to the symphony. VIG CO SIMPLE 21. It is free to access and use.
We will move half of our investment funds to the best-performing section of V4. It is called Vig Co. Bond Bond VIX. We started using it live on Feb. 23. It is up 44% in that time frame. SPY is about about 10% in the same period. Since 2016 annualized returns (backtesting) are 80%. Here is the link to the symphony. It is free to access and use. VIG CO BOND BOND VIX

We will continue to post our results, holdings, changes, charts, and insights on our blog at www.thevigcompany/blog.

We will be posting regularly on our Facebook page. Facebook The Vig Company

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Chris

Market information from Bloomberg, ETRADE, Composer, Koyfin, and StockCharts.com.