On Break, New Positions
I must be misunderstanding what purpose BIL serves, because I don't understand why we're shorting it (-0.94%). I thought it shows up in this portfolio just as a place to park cash, as it yields ~4%.
Thank you for the update.
I was wondering if the backtest performance of this strategy includes commissions and execution fees. This week we rotate like 80% of the portfolio again and if this happens every week I am afraid the performance will decrease a lot compared to a buy and hold strategy.
I'm confused about the delay comment. Is this the portfolio for the coming week or was this the portfolio you held last week? Last week's letter said you were short IEF and long dollar so I'm not sure how you had an up week unless that was a week behind.