Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

4th Quarter | 2020

Market insights and analysis


Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Last week, the gold spot price was down 1.11% and the U.S. Dollar Index was up 0.75%. The Gold Bullion Strategy Fund (QGLDX) lost 1.22% for the week. The value of the COMEX gold futures, which closes early at 1:30 p.m., was down 0.30% for the week. The short-duration fixed-income ETF holdings within QGLDX were up for the week, averaging about a 0.03% gain.

U.S. equity markets posted losses in all three indexes last week. The Dow Jones Industrial Average lost 0.91%, the S&P 500 lost 1.48%, and the NASDAQ Composite lost 1.54%. Four of 11 sectors were up last week; Energy, which posted the largest gain, was up 3.13%. Two of the eight Quantified Funds were up last week: The Quantified Market Leaders Fund (QMLFX) was up 2.42%, the Quantified Common Ground Fund (QCGDX) gained 0.67%, the Quantified Managed Income Fund (QBDSX) remained neutral, the Quantified Tactical Fixed Income Fund (QFITX) was down 0.19%, the Quantified Pattern Recognition Fund (QSPMX) lost 0.27%, the Quantified Alternative Investment Fund (QALTX) was down 1.24%, the Quantified Evolution Plus Fund (QEVOX) was down 2.05%, and the Quantified STF Fund (QSTFX) was down 4.49%.

Equities were up significantly in the fourth quarter despite a dip in October. Domestic large-cap stocks were the worst performers, but the S&P 500 Index still gained more than 11%. The Russell 2000 small-capitalization index led the pack, gaining more than 30% for the quarter. Value stocks outperformed Growth for the quarter. Emerging markets gained over 18% for the quarter, and international developed stocks rose 15.7%.

Remember what the Dormouse said

One of my favorite gifts for Christmas was Haley Reinhart’s album “What’s That Sound?” Reinhart was a finalist on “American Idol” in 2011. I was repeatedly surprised while watching the show by the range and emotive power of her singing voice, and I have followed her career ever since. In recent years, she has been one of the stars of Scott Bradlee’s popular Postmodern Jukebox shows.

Gold prices consolidated last week, remaining above the 50-day moving average on the weekly chart and closing the week at $1,829.90 per ounce.