All Access Week


At Prometheus, we are committed to equipping our clients with the most granular, high-frequency, and actionable understanding of macro conditions in the industry. We offer our clients a range of research solutions, from big-picture macro themes to actionable trading signals. In the spirit of giving back to the community, we are excited to offer an All-Access week in our Institutional Services. Each day this week, we will unveil one product offering from our extensive Institutional Offering. If you’re interested in institutional access, please contact us at [email protected].

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Welcome to Prometheus ETF Portfolio. The Prometheus ETF Portfolio aims to allow everyday investors to access an investment solution that combines active macro alpha, passive beta, and strict risk control, all in an easy-to-follow, low-turnover solution. We aim to achieve strong risk-adjusted returns relative to cash, with limited capital drawdowns in depth and duration. We do this in a highly accessible package, which rotates between five highly liquid ETFs, readily available to any investor with a brokerage account.

Let us dive into our assessment of macroeconomic conditions:

  • Market Monitor: Over the last week, market moved to price in tightening liquidity conditions. The inflationary tilt to market pricing has further extended itself. This pricing continues to weigh on bond markets to the benefit of equities and commodities. As we have noted in the past, at extremes, inflationary pricing weighs on all assets.
  • Economic Data Monitor: Economic data momentum rose this week, consistent with a slowing but growing economy. Broad measures of economic activity continue to suggest stability in the economy; however, we see growing signs of slowing conditions in goods spending and cyclically sensitive consumption. We continue to monitor these developments closely.
  • Long-Only Portfolio: Our long-only strategy is looking to position long Stocks: 16%(SPY), long Commodities: 19% (DBC), flat Bonds: 0%(IEF), long Gold: 21%(IAU), and Cash: 44%(BIL).
  • Long/Short Portfolio: Our long-short strategy is to position long Stocks: 16%, long Commodities: 19%, short Bonds: -52%, long Gold: 20%.

Prometheus Next Gen ETF Portfolio – 05.31.2024


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