June 20, 2022
Tactical Growth Mandate - Weekly Briefing
My Happy belated Father’s Day to all the dads in the readership. Every year Eric completes a mad libs sheet for me at school called “all about my dad”. I have been proudly displaying his work on my office wall for the past 3 years. His answers have been moving from “cute” funny to a whole new level of “insulting” funny. Here’s a snippet of this year’s masterpiece:
“Let me tell you all about my dad. He is 600 years old, his hair is white and he weighs 800 pounds. He is 3 feet tall and as strong as a fart. He loves to eat wings and drink beer”.
If you’re smiling, good. We need to stay a little lighthearted to talk about these stock markets.
The Tactical Growth mandate continues to do very well on a relative basis to the markets and our competitors, but it is a very nasty environment out there. Through June 17th, the S&P500 is down 22.91%. Only 1932 (the dirty thirties) was worse through this point – meaning no investor alive has ever experienced a start to the year like this.
I’m very happy to have kept us on the right side of this market since the beginning of the year. I hope the newsletters have helped you navigate the markets and gain a better understanding of what’s going on in markets. I look forward to the day when this correction comes to an end and stocks start getting attractive again for trading. Until we can get the offence back on the field, please continue to remain patient and know that I’m watching daily for good opportunities and protecting your capital first and foremost.