As of the market close on July 14 our flagship strategy(Tactical Opportunity) is up 43.2%(net of fess) in 2020 versus an S&P 500 Index loss of 1%. Since inception(Jan/2017) our T.O. Strategy has gained 133% versus an S&P 500 return of 43%.
Despite rising economic uncertainty and fear over a second wave of COVID-19, we continue to adjust our forward earnings estimates upward for 2021 and remain focused on stocks/businesses that are positioned to deliver durable, long term growth, while shunning areas of the market experiencing slowing growth, high debt burdens, and falling market share. The combination of cheap money, low inflation, and long term growth should act as a positive catalyst for well-positioned stocks in the second of 2020.