Logical Invest strategies July performance
For July, many of our strategies outperformed the SP500 (SPY + 1.2%,) including the Universal Investment Strategy 3x Leveraged (+7.7%), the Crypto & Leveraged Top 2 Strategy (+5.7%), the Gold-Currency Strategy II (+4.5%) and the Dow 30 Strategy (+4.5%). The The year-to-date best performer, the Maximum Yield Strategy, continued its strong performance adding 4.5%.
Below are the strategy monthly returns.
Market Outlook
The S&P 500 displayed a varied performance throughout July 2024.
The month started with an upward momentum from late June, peaking around mid-July at approximately 5,680.
The latter half of July saw increased volatility, with the index dipping below 5,480. On the last day of the month, the SP500 had it’s best intraday performance in months after Federal Reserve chair Jerome Powell said an interest rate cut “could be on the table as soon as September” if data on inflation and the labor market continued to improve.
Gold also had a volatile performance in July, reaching upward resistance around $2,500 before correcting, only to show strength in the last two days of the month.
Treasuries are also on the move, as short-term rates are starting to price in a potential Fed cut in September. The yield of the 3-month Treasury is finally dropping after being steady around 5.4% for the last year.
Rate cut expectations are also affecting longer-term Treasuries. This can be seen in the long Treasury ETF, TLT, which we often use as a hedge. As long-term Treasury yields fall, the price of TLT rises. It seems to be trying to break out from its current price range.
We’d love to hear your thoughts in our forum!
The Logical-Invest team.
Hi, I have not been receiving my month-end emails with new allocations and monthly performance for the last two months. Could you please resolve the issue and send me the missing emails.
Thanks,
Amit Sharma
We are looking into it