Tactical Update: August 5, 2024 (PREMIUM-UNLOCKED)

*The following Premium post was originally sent to TLS members on August 5, 2024.*

Blood in the streets…

The selling pressure and investor panic is not consistent with the market data and risk levels currently suggested in the market. Therefore, we have shifted to a Short-Term Bullish stance as reward is significantly skewed vs. risk. The only move we have made thus far is to add to our short volatility fund:

• We added to our position in the short volatility fund, SVIX, near ~17.99 (about ~2% exposure now)
• *UPDATE: We sold 1/4 of our position in the short volatility fund, SVIX, near ~24.00 (about ~1.5% exposure again now)*
• *UPDATE: We sold another 1/3 of our position in the short volatility fund, SVIX, near ~26.00 (about ~1% exposure again now)*
• *UPDATE: We added a hedge position in the inverse S&P 500 fund, SPXS, near ~8.99 (about ~10% short exposure, including leverage — hedging short-term risk after a 130-point bounce off of this A.M.’s low)*
• *UPDATE: We covered (sold) 1/2 of our hedge position in the inverse S&P 500 fund, SPXS, near ~9.23 (about ~5% short exposure now, including leverage)*

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.

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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.