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.
The latest monthly portfolio update is now live with the June 2023 All Seasons Portfolio performance snapshot. After the disappointing May, June came with positive vibes.
May 2023 All Seasons Portfolio performance snapshot is now live on the blog. The month-over-month return retraced some of the April gains, but we remain up for the year.
April 2023 All Seasons Portfolio performance snapshot with a new look and feel. The focus is now shifted back to the portfolio, and the post is made lighter and easier to digest.
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).
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.