The Week in Review: Performance updates from Cabana’s CEO – November 28, 2017
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 November 27, 2017 and is presented net of maximum advisory fees and commissions.
All Cabana Portfolios were up for the week, ranging from +0.92% (Conservative) to +0.36% (Alpha Income).
We saw equity markets climb last week in response to hopes for a tax bill. That theme continues to underpin stocks. We also saw strong retail sales numbers, which have resulted in a bounce in the consumer discretionary/retail sector. Lastly, we saw a huge move in the finance sector, led by banks and insurers. It is always a good sign when we have financial leadership. This seems to indicate that the “flat yield curve” concerns are abating. Consistent with this idea, energy has been up the past two days. Demand may be catching up with the long-term over-supply issues within the energy sector. Bond yields remain contained, giving support to our dividend sensitive assets and international markets.
Banks, retail and energy are on the move. Interest rates remain accommodative. A cut in taxes may be on the way. What’s not to like? We remain bullish.
Year-to-date net-of-fees performance:
ALPHA INCOME: +5.23%
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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