Trust the Data
Review of the 🐿️'s BUSHY™ Multi Asset ETF Portfolio and live Acorn trade ideas. 2025, Week 31.
In case you missed it, the weekend note came out on Sunday morning EST. In it, the🐿️ wrote up a new Emerging Market idea. Do check it out!
![It's the [insert Ticker] of [insert EM]!](https://substackcdn.com/image/fetch/$s_!5-aK!,w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F14c5ebb5-78ca-444f-9401-2059b57d6b8c_1024x1024.png)
BUSHY™ portfolio had its largest drawdown since ‘Liberation Day’ last week, shedding 2.43%. Pain was pretty much across the board. Even the support that was being provided by the portfolio FX hedges faded with that big negative reversal in the US dollar after Friday’s weak jobs number.
I would not be surprised to see the dollar recapture its 100-day SMA (blue line) but a quick drop back below the 50-day (green line, 98.29 currently) which has acted as pretty reliable resistance since early May could signal that the USD downtrend is going to push on.