November Portfolio Review
The AlphaPicks Global Asset Portfolio rundown.
November can be encapsulated by the phrase “animal spirits.” Markets were risk-on with the election in the rear-view mirror. Some risk assets had the best month of the year. Bitcoin +37%, Nasdaq +4.6% and S&P 500 +5.4%.
The election provided a lot of opportunity as markets transitioned into a new regime. The team actioned many of the ideas that were laid out in the ‘Election Primer,’ pushing the portfolio to a 16.58% gain YTD (as of Dec. 2).
In this article, we’ll review the performance details of our Global Asset Portfolio and explain what we bought and sold, as well as our positioning for the final month of the year.