In today’s briefing:
- SPX 4,100 Barrier – Next Draw Down Sets up a Better Trade
- Polen Focus Growth Q1 2022 Portfolio Manager Commentary
- Greenhaven Road Capital Q1 2022 Letter
- 1 Main Capital Partners Q1 2022 Fund Letter
- Polen Global Growth Q1 2022 Portfolio Manager Commentary
- Polen International Growth Q1 2022 Portfolio Manager Commentary
SPX 4,100 Barrier – Next Draw Down Sets up a Better Trade
- The US equity decline still lacks real capitulation/outflows/redemptions for a major low but the next leg down does offer a better tactical long entry point.
- RSI near 25 is the ideal buy zone for the SPX (this week or into late May). The weekly cycle has yet to show a convincing bottom.
- NDX 12,700 is rejection resistance to induce a slide closer to 11,000 higher degree support for a better tradable rally sequence. RTY bull near 1,650.
Polen Focus Growth Q1 2022 Portfolio Manager Commentary
- Polen Capital is a high-conviction growth investment manager.
- During the first quarter of 2022, the Polen Focus Growth Composite Portfolio returned -13.39% and -12.56% gross and net of fees.
Greenhaven Road Capital Q1 2022 Letter
- Greenhaven Road Capital Partners Fund returned approximately -26.5% net in the first quarter.
- The three big factors that currently appear to be dominating investors’ focus are rising interest rates/inflation, rising oil prices, and war in Ukraine.
1 Main Capital Partners Q1 2022 Fund Letter
- For the first quarter, 1 Main Capital Partners, L.P.
- (the “Fund’s) returned (11.4)% net of fees and expenses, according to the “Fund’s” quarterly results.
- The first quarter of the first year, the fund returned 11.
Polen Global Growth Q1 2022 Portfolio Manager Commentary
- Polen Capital is a high-conviction growth investment manager.
- We scour the globe in search of the highest quality, sustainable companies to invest in.
- Aon, Visa, and Mastercard were the top absolute performers during the quarter.
Polen International Growth Q1 2022 Portfolio Manager Commentary
- Polen International Growth Composite Portfolio returned -13.94% gross and -14.17% net of fees, respectively, versus the -5.45% return of the MSCI All Country World ex-USA Index.
- The most significant detractors from performance included ICON, Evolution AB, and Sage Group.
Before it’s here, it’s on Smartkarma
