Model Portfolio Performance and Commentary, 6-30-26

 Here is an update of my Model Portfolio performance year-to-date through June 30th and market commentary.

The out-performance of the S&P 500 Index during May and June widened the gap between my Model and the general market.

While we were about even ending April, the S&P pulled ahead with a Monster May, as technology stocks rip-roared higher. The high concentration of 35% in tech stock weighting in the S&P could not be overcome with our diversified Model approach using cash, stocks and Gold. 

The April and May model portfolio selections included Energy, Gold, Materials and Industrials. Technology was represented in the small-cap S&P 600 Value Fund (at 11% weighting), and in the Russell 2000 Value Fund (11.6%), but the allocations were not high enough to move the needle to meaningful gains. 

The precious metals were also no help, as Gold fell $614/ounce, or -13% over the May-June period, and silver back-tracked 20%.  We were allocated 20% between Gold and Silver the two months. 

 Here are the Model Portfolio results through June 30th. 

 Model January,   +4.19%          SP500, +1.47%
 Model February, +4.33%          SP500,  -0.86%
 Model March,     -4.72%           SP500,  -5.20% 
 Model April,       +1.08%          SP500,  +10.1%
 Model May,        + 0.78%         SP500,  + 5.26%
 Model June,        +0.02%          SP500,   -1.28%

 through 6/30/26  +5.53%          +9.51%  

So, the fully invested S&P 500 is besting our Model approach by 4 percent year-to-date. We're okay with that, as we don't expect to match or beat 'the market' on strong BULL runs. 

By holding Cash and some non-correlated assets like Gold and Silver, we strive for positive overall gains, keeping ahead of inflation. My model portfolio dates back to 1/1/2018. Inflation averaged +3.63% per year. Full results available upon request.

With just 2 trading days left in July, the Model and S&P 500 are both down 1.8% to 2.3% respectively. Our 10% position in Gold is up 1%, and our 2 value-oriented ETF's are both UP about 1/2 percent. Our 20% in cash is sitting on the sidelines. Tech stocks are down 10%, and the Nasdaq Composite is down 7% month-to-date, so it's a coin toss if July will end with gains or losses.

Thanks for reading!

~Barry

 Wealth manager / advisor since 1982.