Results are below for 2008, frictionless (no fees or trading costs are deducted), and monthly and yearly rebalances. The model is out-of-sample since 2006. I will be doing an update to the white paper by the end of the month, so stay tuned!
S&P 500: -36.77%
10 YEAR: 21.51%
Monthly Rebalance, equal-weighted:
Yearly Rebalance, equal-weighted:
That’s 36 profitable years in a row for the timing model (just barely thanks to bonds ripping in November and December!).
Click on table to enlarge: