The Trade Report

December updates to our ETF portfolios

Good morning,

November was a strong month for both our ETF models. After moving our normal trade date up one week to get ahead of the election, both Ultra-Growth and Balanced posted their best-ever month relative to their respective benchmarks.

Both portfolios benefitted from the addition of small-caps in late October, and Balanced gained additional ground thanks to the increase in our software position. 7 positions gained more than 7% (versus the 3.7% gain for the S&P 500) and only semiconductors and healthcare (both underweights on a look-through basis) were negative since our last trades.

Finally, stocks over bonds and offensive sectors over defensive sectors have been consistent bets in 2024 that also aided performance.