Richard SunNov 3, 20222 minOctober 2022 Investor Letter: The Markets Make a ComebackMarket Summary The markets made a strong comeback in October. The Dow gained 13.95%, posting its best month since 1976. All major...
Richard SunOct 3, 20222 minSeptember 2022 Investor Letter: The Bear is Very Much AliveMarket Summary September was another tough month for equities. The Dow Jones tumbled 8.8% to end in a bear market, the S&P 500 fell 9.3%...
Richard SunSep 2, 20221 minAugust 2022 Investor Letter: The Markets Search for DirectionAugust was another volatile month in the markets. The markets initially rallied on expectations for a more dovish Fed. However, this...
Richard SunAug 1, 20222 minJuly 2022 Investor Letter: Much Needed ReliefThe markets experienced some much needed relief in July as all major indices posted their best month of 2022. Although still in a bear...
Richard SunJul 5, 20222 minJune 2022 Investor Letter: A Bear Wakes from HibernationJune was another tumultuous month in the markets, with the S&P 500 officially entering bear market territory. The S&P 500 was down 8.4%...
Richard SunJun 1, 20222 minMay 2022 Investor Letter: More of the SameMay was another volatile month, with the S&P 500, Dow, and Nasdaq all bottoming on May 20th. The S&P 500 hit bear market territory in...
Richard SunMay 1, 20222 minApril 2022 Investor Letter: The Fed vs InflationDuring April, the Eta strategy lost 5.1%, significantly outperforming the S&P 500, which lost 8.8%. Our average exposure was 40%, showing...
Richard SunApr 25, 20221 minMarch 2022 Investor Letter: Volatility ReignsMarch was a volatile month, with the S&P 500 losing more than 4% to start, then roaring back to end up more than 3%. The latest rebound...