McClintock Portfolio Update: 10 April 2025

Silver Creek Falls

McClintock is the last of the three Sector BPI portfolios to be reviewed this week.  Yesterday’s up market looks to be nothing more than a “Dead Cat Bounce.”  Sectors still under water this morning “mandated” I sell all shares in the holding ETF, SHV, and use the cash to populate the sector ETFs.

McClintock Sector Holdings

Below is the current McClintock portfolio.  Limit orders are positioned to invest the $3,500.

McClintock Rebalancing Recommendations

Instead of concentrating on the sector most under target, I spread out the limit orders assuming different sectors will drop at different rates. Tariff wars are not over and the 125% tariff on China has yet to be felt.  For this reason I set purchase prices well below the current prices.  We are in for rocky times ahead.  Talking tough and exuding confidence will not quiet the current erratic markets as there is little confidence in the current leadership.

McClintock Performance Data

Since 12/31/2021 the McClintock lags the SPY benchmark by a small amount.  The portfolio is outpacing all other potential benchmarks tracked using the Investment Account Manager software.

McClintock Risk Ratios

The following risk ratios shows why I rank the Treynor the least important of the three.  It is too beta driven.  The drop in April is out of line with the other three metrics.

It is encouraging to see the Jensen Performance Index gain ground over the March number and it is slightly ahead of the April 2024 value.  Equally important is the slight improvement in the Information Ratio.  If the Jensen continues to improve we should soon see a positive slope for the Jensen.

The short-term interest rate on SHV is dropping and that is helping the Jensen.

Comments are always welcome.

Tomorrow the Huygens Asset Allocation portfolio is scheduled for review.  It will be interesting to see how the asset allocation model is performing in this uncertain environment.

Tweaking Sector BPI Plus Investing Model: Part II