Prometheus Research

Prometheus Research

Share this post

Prometheus Research
Prometheus Research
Prometheus S&P 500 Program
S&P 500 Program

Prometheus S&P 500 Program

Caution Continues

Prometheus Research's avatar
Prometheus Research
Jun 09, 2025
∙ Paid
8

Share this post

Prometheus Research
Prometheus Research
Prometheus S&P 500 Program
10
1
Share

The Prometheus S&P 500 Program aims to outperform the S&P 500 over a full investment cycle. The program will aim to achieve this objective by leveraging a combination of Sector Selection, Beta Timing, Active Overlays, and Dynamic Risk Control.

You can read the 27-page primer detailing the mechanics of our approach below:

We started Prometheus with a simple premise: bring the highest quality of institutional-grade macro investment research to everyday investors. Today, we are taking another big step in this direction with the official launch of our systematic Prometheus S&P 500 Program.

S&P 500 Program

Prometheus S&P 500 Program Primer

Prometheus Research
·
May 5
Prometheus S&P 500 Program Primer

We started Prometheus with a simple premise: bring the highest quality of institutional-grade macro investment research to everyday investors. Today, we are taking another big step in this direction with the official launch of our systematic Prometheus S&P 500 Program.

Read full story

For reference, we visualize the simulated path of the program below:

Today, this program continues to control the equity market drawdown using risk control measures. While the S&P 500 experienced a drawdown of 20% during the 2025 correction, the Prometheus S&P 500 Program never exceeded a 10% drawdown. Further, the program has maintained upside capture while maintaining these improved drawdown characteristics. This is consistent with the portfolio’s objectives, i.e., maintaining upside exposure to equities while reducing or avoiding drawdowns.

In our last note, we flagged headwinds for US equity exposures. These programmatic views did not bear fruit. Nonetheless, these headwinds remain in place, causing our beta timing measures to stay cautious on US equities.

Today, the portfolio is positioned as follows:

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Prometheus Research
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share