Tactical Update: January 19, 2023 (PREMIUM-UNLOCKED)

The following post was initially issued to TLS members on January 19, 2023:

Going shopping…

Stock prices continue their weekly pullback this AM. That is just fine with us as we have been looking to cover our hedges and add further long exposure. We have done a bit of both here this AM so far:

  • We covered (sold) 1/2 of our remaining position in the inverse financials fund, FAZ, near ~18.50 (about ~1.25% short exposure there now)
  • We added to our position in the industrials fund, XLI, near ~98.49 (about ~2.5% exposure now)
  • We added a position in the mid-cap pure value fund, RFV, near ~98.39 (about ~1.25% exposure)
  • *UPDATE: We covered (sold) 1/2 of our remaining position in the inverse S&P 400 fund, MYY, near ~24.10 (about ~1% short exposure now)*

That’s all for now. Check back on this post throughout the day for further portfolio moves. And as always, stay tuned to our DSS posts for further developments — they provide the most current updates to our investment portfolio and outlook.


Disclaimer: JLFMI’s actual investment decisions are based on our proprietary models. Commentary provided here is for informational purposes only and should not be taken as a recommendation to invest in any specific securities or according to any specific methodologies. Proper due diligence should be performed before investing in any investment vehicle. There is a risk of loss involved in all investments.