17 days after we bought VEVE on 20 July, yesterday we sold for a profit of about 3.9%.
After only a single cycle in 2025, yesterday marks the fourth cycle to complete in 2026.
What does that indicate? I cannot say for sure but there is clearly more volatility in the markets in 2026 than 2025.
The cause of that volatility ebbs and flows, different things become more or less prevalent depending on the mood of the market - Trump, oil, inflation, AI costs, corporate earnings etc. Any and all of these things are pushing and pulling on sentiment at any one time to a greater or lesser degree.
Thankfully we do not need to know the causes, we can simply keep an eye on what VEVE is doing and use that volatility to your advantage.
PIP-VEVE profits since our first cycle, which started on 21 August 2023, are £35,000 short of £1,000,000 in total across all accounts.
VEVE has climbed 63% since 21 August 2023 over the 1,081 days that have since passed.
You have held VEVE for 353 of the 1,081 days and the total PIP-VEVE return has been 34%.
That means we have achieved half the total return but only been exposed to the market one third of the time – we are capturing a good chunk of the better days with this strategy.
That is a good risk / return profile, especially when compared to the bonds you would otherwise have owned, which are worth 7% less over the same period.
By my reckoning that is a 41% swing in your favour. Not to be sniffed at.
The current VEVE high is 108.34, we will look to buy again when VEVE drops to 105.09, but I would not be surprised if we achieved higher highs than 108.34 in the meantime.