"Act so as to keep the mind clear, its judgment trustworthy" - Dickson G. Watts, author of Speculation As A Fine Art And Thoughts On Life. [A brief summary here (link)]

Saturday, August 14, 2010

retail sales update



Just a quick update on yesterday's release of US retail sales data. Looks like the year-over-year weakening may be stabilizing, but I think I'll wait for an outright uptick before moving the model portfolio back to a net long position. The market neutral position over the past couple months has helped widen the gap to 11% over the benchmark (Vanguard Total World Stock ETF).