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High Beta - Burning A Hole In The Pocket

While "Indicator" has been oscillating around zero for the past few weeks, SPY has been advancing nicely. This has eroded my alpha, so that it is now close to 4%. Hence a desire to "do something".

The behavioral economists would be smacking their lips at what might happen next, that is driven by performance anxiety, the investor makes a massive mistake. Well, so be it.

Rather than sticking with stocks which follow previous patterns, some of which haven't, I have specifically identified stocks which have a faster reaction to a market rally. But mindful of the fact that "Indicator" is around zero, I have gone for a market neutral strategy, that is a portfolio of potential goodies with good Sortino Ratios, totally offset by shorting SPY.

For the past week, this has been a reasonable strategy.

The portfolio comprises BC, CVI, DFS, EMN, ES, HMN, IBA, LII, RBC, TEX, TTM.

Lets see if this succumbs to the behaviorist's. Happy to discuss with anyone interested.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.