CQA Model Portfolio Remarks – Jan. 2021

The Coquest Advisors Model Portfolio gained an estimated +0.1% during the month of January. Trend Following was the largest positive contributor to performance during the month, as the strategy was able to capture profits from long global equity, long commodity, and short interest trades. Fundamental energy trading also contributed positively to results, due largely to bullish positioning in propane and natural gas. Short term pattern recognition was the largest detractor from performance during the month, due primarily to long U.S. interest rate trades and short positions in gold and silver. Systematic global macro and fundamental equity index timing also generated negative results, as a spike in volatility and a sell-off in equity markets late in the month worked against long positions.


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Disclosure: The risk of loss in trading futures and/or options is substantial. Past performance is not indicative of future results. The information in this message derived from third-party sources is believed to be accurate and reliable; Coquest does not guarantee the accuracy or completeness of the information. Opinions expressed in this material are subject to change without notice. This report should not be interpreted as a request to engage in any transaction of futures, options, and/or OTC derivatives. The information contained in this material is not to be relied upon in substitution for the exercise of your independent judgment. Seek independent financial, tax, legal, and accounting advice from your own professional advisers, based upon your particular circumstances.