Prometheus ETF Portfolio
Weekly Update: 12.06.2024
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 five 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 disinflationary outcomes. This pricing is consistent with what we see in the economy. The economy is likely to slow on the back of a slowing labor market and weakening investment. We expect markets continue to price a disinflationary expansion.
Economic Data Monitor: Economic remained flat this wee. In particular, vehicle sales, durable goods orders, and continuing claims were positive. Meanwhile, unemployment rates, ISM services and manufacturing payrolls were negative.