Market insight and a highlight of Cabana’s year-to-date performance:
Cabana’s six portfolios range from “Conservative” to “Aggressive” and include an income strategy portfolio. Performance is as of market close December 18, 2017 and is presented net of maximum advisory fees and commissions.
The Cabana Portfolios were up over the week, apart from the Alpha Income. The Conservative led the way and was up +0.94%. The Alpha Income was down slightly at -0.31% due to a bounce in bond yields, which effected dividend payers and high yield bonds.
Santa Claus showed this week in the form of tax legislation, which appears like it will be put into law. The idea is that a significant cut in corporate rates will result in the repatriation of money from overseas that can be put to work to stimulate the economy. Whether this works out remains to be seen, but the equity markets used it as reason enough to push this bull market forward to year end. As we discussed last week, rotation is occurring within equity sectors on an almost daily basis. I suspect some last-minute window dressing by advisors. One thing is for sure, big money is not moving to the sidelines. We remain bullish.
In closing, I would like to wish everyone a happy holiday! I hope it is spent with family and friends.
Year-to-date net-of-fees performance:
ALPHA INCOME: +5.83%
Performance is presented net of advisory fees and commissions (Conservative – Aggressive is presented net of 3% fees from January 1, 2017 – February 28, 2017 and 2% beginning March 1, 2017; Alpha Income is presented net of 2% fees)
-G. Chadd Mason, CEO
*Performance numbers indicated with (+) for positive return and (-) for negative return.
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