Prometheus ETF Portfolio
Weekly Update: 12.20.2024
Welcome to Prometheus ETF Portfolio. The Prometheus ETF Portfolio aims to allow everyday investors to access an investment solution that combines active macro alpha, passive beta, and strict risk control, all in an easy-to-follow, low-turnover solution. We aim to achieve strong risk-adjusted returns relative to cash, with limited capital drawdowns in depth and duration. We do this in a highly accessible package, which rotates between three highly liquid ETFs, readily available to any investor with a brokerage account.
We visualize our live performance below:
Turning to our latest ETF Portfolio update, our latest observations are as follows:
Market Monitor: Over the last week, markets moved to price in a tightening of liquidity conditions as the expected path of Fed policy tightened relative to expectations. This weighed on bonds more than stocks and commodities, indicative of the currently positive nominal growth backdrop.
Economic Data Monitor: Economic data softened this week; industrial production, retail sales, personal income, and spending all disappointed expectations. The economy is still expanding, but these are meaningful indications of a slowing economy versus expectations.
Asset Class Signals: Stocks are now experiencing