- Wealth PMS
Jan 2020 Performance
And to think January was supposed to be a mildly negative month (momentum-wise by historical standards). Instead, we had what seemed like a years worth of action, packed into the 20 and a bit days since the last momentum rebalance on Jan 6th. In hindsight, the decision to stay invested through budget weekend cost us some of our returns for the month. But it would have hurt more had we exit to see a big upmove. At least that's the story we'll tell ourselves.