Portfolio Update – December 2023

Following a few months of radio silence, mostly due to Google Sheets breaking down last summer, I am pleased to return with an all new All Seasons Portfolio update!

We take a quick look at the December 2023 performance, and round up the year, before looking ahead for what 2024 has to offer.

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Portfolio Update – February and March 2023

It is time for the combined February and March portfolio update, which were two months when the All Seasons Portfolio showed two different faces.

The US headline inflation rate keeps declining, landing at 6% in March.

All eyes are now fixed on economic growth, with investors searching for indicators of whether a recession is coming, and, if so, when it will hit. The rising interest rates are finding they ways to the economy, with the March banking scares being a symptom thereof (albeit a seemingly isolated event in SVB).

Continue ReadingPortfolio Update – February and March 2023

Portfolio Update – January 2023

The US headline inflation rate is still coming down from high levels, having come in at 6.4% for January, and is in a clearly falling trend.

The now larger uncertainty is on the economic growth side, with the growth rate of real GDP barely holding above 0% on a YoY basis. If 2022 was a year focused on inflation, in 2023, the story will be about growth and whether a "soft landing" becomes possible.

Continue ReadingPortfolio Update – January 2023