So far the SMT is having a pretty decent start to the year.
The stock portfolio is outperforming the S&P for the year at +4.3%
The energy portfolio is up +7% (If I marked to market the energy portfolio would be up 8.5% but I haven’t closed the natural gas position yet so I don’t know how this trade will finish.)
I’m being very cautious with the metals but have still managed to outperform gold for the year with a 5.2% gain.
The currency portfolio is the one spot where I have struggled. It’s down 6.3% for the year. I think I can bring this one back and end the year in the green once the dollar turns back up. I’m currently getting into position for that to occur during the second half of the year.
And finally the Quest portfolio is up a little over 120% so far.