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 July 17, 2017 and is presented net of advisory fees and commissions.
All Cabana Portfolios were up for the week, ranging from +.92% (Alpha Income) to +1.94% (Aggressive). We saw dovish comments from Federal Reserve Chairperson Janet Yellen after a very tame CPI report, which indicated inflation is still well below the 2% Fed goal. This coupled with the great ISM report in June provides a true “goldilocks scenario,” where manufacturing and services are expanding and inflation doesn’t warrant any aggressive interest rate hikes by the Fed in the near future. Right now the futures market have taken a September rate hike off the table and a December hike is 50/50. As a result, we saw a pullback in rates which benefited our dividend payers, bonds and REITs. This has also resulted in a pullback in the US Dollar, which benefits our multinational companies and foreign equities in the commodity space. Finally, we have continued to see a bounce back in tech, which helps the broader indexes. In sum, all our asset classes enjoyed a very good week!
Year-to-date net-of-fees performance:
ALPHA INCOME: +3.80%
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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All performance returns are presented net-of-fees and include the reinvestment of dividends and capital gains. Benchmark comparisons are presented gross-of-fees.
Past performance may not be indicative of future returns. No current or prospective client should assume that the future performance of any specific investment or strategy will be profitable or equal to past performance levels.
All investment strategies have the potential for profit or loss. All strategies have different degrees of risk. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client.
Historical performance results for investment indexes and/or categories typically do not show the impact of transaction and/or custodial charges or the deduction of an advisory fee, which may decrease historical performance results. There can be no assurances that a strategy will match or exceed its benchmark.
Some performance returns do not represent actual trading using client assets but were achieved through retroactive application of a model designed with the benefit of hindsight. Model returns have inherent limitations. Specifically, these returns do not represent actual trading and may not reflect the impact of material economic and market factors on the adviser’s decision-making if the adviser had actually managed the client’s money during this time frame.
Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio. There are no assurances that a portfolio will match or exceed any particular benchmark.
Cabana LLC manages assets on multiple custodial platforms. Performance results may vary based upon differences in associated costs and asset availability within the Cabana Model.