{"id":1604,"date":"2018-07-30T22:54:47","date_gmt":"2018-07-31T02:54:47","guid":{"rendered":"http:\/\/laplaceinsights.com\/?p=1604"},"modified":"2019-04-03T19:25:42","modified_gmt":"2019-04-03T23:25:42","slug":"columbus-strategy-report-august-2018-edition","status":"publish","type":"post","link":"https:\/\/laplaceinsights.com\/fr\/columbus-strategy-report-august-2018-edition\/","title":{"rendered":"Columbus Strategy Report \u2013 August 2018 Edition"},"content":{"rendered":"<p>Below you will find the Columbus strategy highlights for this month.\u00a0 For more insights and a detailed discussion, including to get the monthly allocations, please download the report by clicking the button at the bottom of this message.<\/p>\n<h2>Staying Conservative&#8230;<\/h2>\n<ul>\n<li>Year-to-Date, Columbus is up 1.7% while our world allocation benchmark (GMWAX) is down -0.8% and our new 60\/40 global stocks\/bonds benchmark (VSMGX) is up 1.6%.\u00a0 Meanwhile, the S&amp;P 500 (SPY) gained 5.8% on the back of a strong earnings season this past month.<\/li>\n<li>Although the earnings season drove the S&amp;P 500 July gains, many recent news headlines are outright bearish.\u00a0 There seems to be widely diverging opinions in the analyst community, resulting in much confusion among investors.<br \/>\nMarket turbulence, diverging opinions and confusion are typical during major regime changes.\u00a0 The equity markets have not yet established their next bearings, so Columbus keeps exerting prudence with a portfolio that is mostly out of equities for the time being.<\/li>\n<li>Columbus continues to maintain a large position in the US Dollar Bullish Index ETF (UUP), despite somewhat of a stall in the dollar&#8217;s run lately.\u00a0 This is mainly due to a lack of compelling alternatives at this time.<\/li>\n<li>An important exception is the allocation to our real-estate ETF (VNQ).\u00a0 VNQ first appeared in the portfolio last month with a tiny position that rounded down to zero.\u00a0 This month is another matter as Columbus allocates a substantial portion of the portfolio to VNQ.<\/li>\n<li>Meanwhile, the allocation to our Commodities Complex ETF (DBC) has been reduced substantially, reflecting its recent loss of momentum.<\/li>\n<\/ul>\n<p>I encourage you to <strong><a href=\"https:\/\/drive.google.com\/file\/d\/1NYExriqRRQgNxzMRTc-MaWHWngh-t9z5\/view\" target=\"_blank\" rel=\"noopener noreferrer\">download the report<\/a><\/strong> and read the discussion in section 6 to learn more about Columbus&#8217; portfolio allocation decisions and the related rationale.<\/p>\n<p>Please don&#8217;t hesitate to contact me should you have any questions.<\/p>\n<p>Best regards,<\/p>\n<p>Jean-Marc and the Laplace Insights team<\/p>","protected":false},"excerpt":{"rendered":"<p>Below you will find the Columbus strategy highlights for this month.\u00a0 For more insights and a detailed discussion, including to get the monthly allocations, please download the report by clicking the button at the bottom of this message. Staying Conservative&#8230; Year-to-Date, Columbus is up 1.7% while our world allocation benchmark (GMWAX) is down -0.8% and [&hellip;]<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/posts\/1604"}],"collection":[{"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/comments?post=1604"}],"version-history":[{"count":4,"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/posts\/1604\/revisions"}],"predecessor-version":[{"id":2222,"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/posts\/1604\/revisions\/2222"}],"wp:attachment":[{"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/media?parent=1604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/categories?post=1604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/laplaceinsights.com\/fr\/wp-json\/wp\/v2\/tags?post=1604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}