The stock markets are rallying again. At least superficially.
If you take a closer look, you realize that the rally has been driven by very few AI stocks.
MATT has still been heavily defensively positioned, as energy and commodities still had such strong momentum. Only the emerging markets provided a strong boost, while gold continued to fall. Energy and commodities remained fairly stable despite the falling oil price. Towards the end of the month there was finally a rotation from gold into 2x leveraged small caps, which had slightly stronger momentum than the S&P 500.
This means that around 45% of the portfolio is now invested offensively. MATT is therefore slowly shifting into risk-on mode. Nevertheless, it still contains a certain amount of protection against a renewed escalation in the Middle East.
MATT continues to have low volatility compared to other momentum strategies.
MATT strategy: https://getqu.in/1zBXjL/
Asset performance (in the portfolio):
EM 3x | +20.85%
Commodities | +1.03%
Gold 2x | -6.85%
Energy | -4.71%
Small 2x | +2.65%
Wikifolio certificate:
05/2026: +2.78%
Since 01.02.2026: +4.83%
Comparative values Performance (Max DD):
05/2026
š„MSCI World: +4.8% (-1.7%)
š„Single stock mom: +3.4% (-13.3%) @Krush82
š„MATT: +2.8% (-1.8%)
3xGTAA: +0.5% (-7.9%) @Epi
Gold: -3.4% (-6.8%)
Since 01.02.2026
š„3xGTAA: +26.2% (-16.2%) @Epi
š„Single share mom: +10.1% (-24.7%) @Krush82
š„MSCI World: +9.9% (-6.4%)
MATT: +4.8% (-12.1%)
Gold: -5.9% (-17.5%)
Trading days:
08.05.
no changes
22.05.
+ 2x Small ($DE000SJ1Q3V8 (+0,73Ā %) )
- 2x Gold ($LBUL (+0,12Ā %) )
Allocation at the end of the month:
25% 2x Small $DE000SJ1Q3V8 (+0,73Ā %)
25% Energy $IXC (+1,49Ā %)
25% Commodities $XDBC (+0,99Ā %)
20% 3x EM $3EML (+4,58Ā %)
5% cash
