Saved by a glass of wine
April 14th, 2025. Weekly Review of the 🐿️'s BUSHY™ Multi Asset ETF Portfolio and live Acorn trade ideas. 2025, Week 15.
In case you missed it on Sunday, this week’s ‘Monday’ note focused on the carnage in the fixed income market and a new Acorn idea in precious metals.
The BUSHY™ Portfolio - Week 15
Plenty going on this week besides the usual BUSHY™ update. Portfolio hedges administered some pain last week, but fire insurance is a non-discretionary purchase.
After last week, the BUSHY™ portfolio is still down on the year, but losses have been trimmed to 0.58%. The portfolio’s underweight position in equities (especially US equities) and a significant drawdown in the hedge book (EUR puts and SOFR calls) accounted for BUSHY™’s weekly underperformance relative to benchmark.
