Barac Capital's Q3 2018 Letter

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Includes: AGG, DDM, DIA, DOG, DXD, EEH, EPS, EQL, FEX, FWDD, HUSV, IVV, IWL, IWM, JHML, JKD, OTPIX, PSQ, QID, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RWM, RYARX, RYRSX, SCHX, SDOW, SDS, SFLA, SH, SMLL, SPDN, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TWM, TZA, UDOW, UDPIX, UPRO, URTY, UWM, VFINX, VOO, VTWO, VV
by: Ted Barac

Summary

Barac Capital Management offers retail investors customized accounts that are managed by an experienced institutional investor and hedge fund manager. Our investment objective is to achieve superior risk-adjusted returns through a long-term value-investment approach.

We allocate capital across multiple asset classes (e.g. stocks, bonds, and Treasuries) and geographic regions based on a thorough analysis of valuation and risk/reward dynamics.

The recent market sell-off has increased the attractiveness of the markets but it hasn't been substantial enough to change my overall cautious view and needs to be put into the context of the massive gains that have still been made over the past two years.