Trading Systems Performance for July 2023
Below is a performance summary for our fully rules-based trading systems for the month of July 2023. To learn more about these systems and to follow along in real-time with their signals, check out our Trading Systems page.
March markets at a glance
|Market||July||Year to Date|
|S&P 500 ($SPX)||+3.27%||+20.62%|
|10-Year Treasury (IEF)||-0.65%||+1.30%|
|60/40 Portfolio (SPY/IEF)||+1.70%||+12.89%|
Trading system performance
|System||July||Year to Date|
|Trade Risk Index||-0.08%||+4.37%|
Trading system commentary
July was another strong month for the stock market with the S&P500 finishing up over 3% led by energy stocks and financials. Meanwhile, we got trend continuation (lower) for the bond market as the 10-year treasury bond fell -0.65% throughout the month.
Both of our Merlin and Lamorak trading systems were pretty quiet this month with net movement under 1%. Merlin continues to increase exposure to the stock market and is looking for new long setups while Lamorak trades short-term around the edges of turning points. There weren’t a whole lot of surprises or noteworthy moves to comment on in July, which is generally a good thing.
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