Old_Joe, pay attention who posted about politics first. If you guys want to discuss politics please use the off-topic.
It's pretty clear see below
https://www.nytimes.com/2020/10/14/us/politics/coronavirus-trump-investors.html

Sticking to the original topic, as I meant no insult to any individual posters here, OJ or FD1000, I find, to be more specific, much albeit not all of technical analysis to be nonsense. I think volume data is useful in the right hands, as are advance decline, short-term momentum, and investor sentiment ratios, but it is this specific rearview analysis in the article of long-term past returns I find to be ridiculous:

April has been the strongest month this century, rising 80% of the time AND producing average monthly gains of 2.5%. The second- and third-best months are November (rises 79% of the time, with average monthly gains of 1.7%) and October (rises 70% of the time, with average monthly gains of 1.3%), respectively. In fact, if we look at the S&P 500, there have only been 7 years when this benchmark index has fallen during both October AND November. Here are the years:
1951, 1971, 1973, 1976, 1987, 2000, 2008.
5 of those 7 years occurred during the secular bear markets from the 1970s and 2000s. 1987 was when we had Black Monday and the resulting fallout the next month (November). Outside of those years, we've had ONE year since 1950 when we've been in a secular bull market and saw the S&P 500 slide during both October and November in the same year. I think it's safe to say that the odds really favor the bulls during the balance of 2020.
Let's take it one step further. If we look at the S&P 500 from the close on October 27th through the close on January 18th of the following calendar year, our benchmark index has ended this period higher than it started in 61 of the last 70 years. It's risen 35 times in the past 38 years during that period. I'd say the odds are definitely on the bulls' side. But it's not just the frequency of the gains, it's the size of them. Before I give you this next stat, keep in mind that the S&P 500 has averaged gaining roughly 9% per year since 1950. Would you like to know how many times the S&P 500 has gained at least 9% during this "less-than-90-day-period"? 17. And if we lower the bar to 8% or more, the number swells to 25 times in the past 70 years.
What if I said that the NASDAQ's history during this period is even more bullish? Because it is. The average gain on the S&P 500 during that October 28th through January 18th period is 4.59%. The NASDAQ? +6.20%. Furthermore, over the past three decades, here are the 4 best calendar months on the NASDAQ in terms of annualized returns:

To look at history based merely on the price movements in the past without any real analysis as to why that price movement occurred--say falling interest rates, age demographics, America becoming a super power after the wars, and not being in the midst of a terrible pandemic for instance--and whether similar conditions are present today is stupid and useless to me, and reaks of snakeoil salesmen.
However, there is use in some technical data I believe for measuring the "psychology" of the market in the short-term.

NYT article -

What has emerged from your research that retirees should think about?
The importance of interdependence alongside independence — we all would do better in our later years if we’re connected and not isolated. And how do I maximize my health span, not just my life span?
And there’s the serious issue of funding our longer lives. A third of the boomers have close to nothing saved for retirement and no pensions; that is a massive poverty phenomenon about to happen, unless millions of people work a bit longer, spend less, downsize or even share their homes with housemates or family.
What is the biggest mistake retirees make?
Far too many think far too small. I have asked thousands of people from all walks of life over the years who are nearing retirement what they hope to do in retirement. They tell me: ‘I want to get some rest, exercise some more, visit with my family, go on a great vacation, read some great books’ Then most stall. Few have taken the time or effort to study the countless possibilities that await them or imagine or explore all of the incredible ways they can spend the next period of their lives.

rethinking-retirement

I was first attracted to this fund, FSRPX, when I was creating a list of mutual funds with consistently high risk adjusted returns. It's management captures 148% of the upside (of the Consumer Cyclical Index) while suffering only 91% of the Index's downside losses in down markets.
It continues to deliver those results long term. Its 5, 10, and 15 trailing returns has placed this fund in the top 1% of Consumer Cyclical funds. It is a concentrated fund in which just 10 companies account for 66% of the fund's assets.
FSRPX - M* Profile:
https://morningstar.com/funds/xnas/fsrpx/quote
Forbes Article -
The Tale of Retail

Lots of BS about me. How nice is to post trash without any proof.
==============
@davidrmoran:but it is true that FD1k should be a multimillionaire, philanthropist, and posting regularly for seekingalpha or similar
FD: I'm a multimillionaire but not philanthropist or making money posting on seekingalpha.
=============
@davidrmoran: plus a byline somewhere advising others about bonds and his rapid fund trading without penalty.
FD: why do you think I should pay any penalty? I have special arrangement at Schwab where I have a dedicated trader that buys all the Inst funds for me with no commissions and I can sell these funds within one day (I don't buy funds that have longer mandatory hold). Example: IOFIX,PIMIX. If I don’t buy Inst funds and these funds are not Schwab fund and I sell within 90 days I do pay the $49.95 short term penalty which is nothing compared to the amount I'm making.
===============
@Junkster,
Your posts have several examples of liars, are you insinuating that I lied too?. I never claimed that I made a very high %, just a pretty good performance with very low SD. Remember, since I retired in 2018, we have enough money to sustain our standard of living for another 40-50 years if our portfolio will make just 4% annually including inflation. Our portfolio is 35+ times our annual expense without our SS. This is why I set up the following goals: make 6% average annually with the lowest SD I can get (preferably under 3) and never lose 3% from any last top. We don’t care about maximizing performance anymore but to meet our specific goals. To do that I use mainly bond mutual funds + several short term trades (hours-days) using stocks/ETF/CEFs/other. The 3 year results are much better than my goals. I never lost more than 1% from any last top in the last 3 years. Below is a copy from my Schwab accounts as of yesterday which is about 95% of our total money. There is no way to achieve these results without being a good trader and why I posted other funds too
3 year performance/SD...SPY 13.1%/17.7...VBINX (60/40) 10%/11.1....VWIAX (40/60) 7.046.6%/...PIMIX 3.75%/5.6....IOFIX 0.2%/23.7
My portfolio performance was 9.9% annually for 3 year with SD=2.18
Below you can see an image of performance as of 10/14/2020 from Schwab. Column 1=one year...Column 2=YTD...Column 3=one year...Column 4=3 years

Below is the SD for one year and 3 years

Worthwhile blog entry that discusses the tightening relationship between the Fed and the Treasury. Also discusses the Fed's increasing embrace of MMT.
blog.yardeni.com/2020/10/dont-fight-t-fed.html

Disgusting swamp goo.

I agree. I wasn't in that meeting but I sold most of my portfolio(all bond funds) at the end of 02/2020 documented (here).
But, the following (link) is also a disgusting swamp goo and we can call it Joe Quid pro quo.

https://www.sec.gov/Archives/edgar/data/1141819/000089418920008331/convergenceliquidation.htm
(CPMNX)
497 1 convergenceliquidation.htm CONVERGENCE 497E
Filed pursuant to Rule 497(e)
Registration Nos. 333-62298; 811-10401
Convergence Market Neutral Fund
A series of Trust for Professional Managers (the “Trust”)
Supplement dated October 14, 2020
to the Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”)
dated March 29, 2020
The Board of Trustees (the “Board”) of Trust for Professional Managers (the “Trust”), based upon the recommendation of Convergence Investment Partners, LLC (the “Adviser”), the investment adviser to the Convergence Market Neutral Fund (the “Fund”), a series of the Trust, has determined to close and liquidate the Fund. The Board concluded that it would be in the best interests of the Fund and its shareholders that the Fund be closed to new purchases, except for purchases made through an automatic investment program, as of the close of trading on the New York Stock Exchange on October 16, 2020 (the “Closing Date”) and liquidated as a series of the Trust effective as of the close of trading on the New York Stock Exchange on November 13, 2020 (the “Liquidation Date”).
The Board approved a Plan of Liquidation (the “Plan”) that determines the manner in which the Fund will be liquidated. Pursuant to the Plan and in anticipation of the Fund’s liquidation, the Fund will be closed to new purchases, subject to any exceptions approved by the Trust officers in their sole discretion, effective as of the close of trading on the New York Stock Exchange on the Closing Date, after which the Fund’s assets may be entirely invested in money market instruments or held in cash. Accordingly, the Fund will no longer be investing according to its investment objective. However, any distributions declared to shareholders of the Fund after the Closing Date and until the close of trading on the New York Stock Exchange on the Liquidation Date will be automatically reinvested in additional shares of the Fund unless a shareholder specifically requests that such distributions be paid in cash. Although the Fund will be closed to new purchases as of the Closing Date, you may continue to redeem your shares of the Fund until the Liquidation Date, as described in “How to Redeem Shares” in the Fund’s Prospectus.
Pursuant to the Plan, if the Fund has not received your redemption request or other instruction prior to the close of trading on the New York Stock Exchange on the Liquidation Date, your shares will be redeemed and you will receive proceeds representing your proportionate interest in the net assets of the Fund as of the Liquidation Date, subject to any required withholdings. As is the case with any redemption of Fund shares, these liquidation proceeds will generally be subject to federal and, as applicable, state and local income taxes if the redeemed shares are held in a taxable account and the liquidation proceeds exceed your adjusted basis in the shares redeemed.
If the redeemed shares are held in a qualified retirement account, the liquidation proceeds may not be subject to current income taxation. You should consult with your tax adviser on the consequences of this redemption to you. If, for example, you hold your shares in an individual retirement account (and “IRA”), you have 60 days from the date you receive your proceeds to reinvest or “rollover” your proceeds into another IRA and maintain their tax-deferred status. You must notify the Fund at 1-877-677-9414 prior to November 13, 2020 of your intent to rollover your IRA account to avoid withholding deductions from your proceeds.
The Adviser will bear all of the expenses incurred in carrying out the Plan.
Shareholder inquiries should be directed to the Fund at 877-677-9414.
Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for reference.

I will pass. 2020 performance of Doublelune funds should tell you that he is no better than you and I when it comes to predict the future market, except he gets paid millions$.
A small allocation to Permanent Portfolio is probably ok for gold and stable currency such as Swiss Franc.

Not huge losses, but mostly gently down.
Exceptions - Bond funds DODLX and PBDIX saw small gains, as did Price’s rather new multi-strategy (hedge like) TMSRX. What I’ve been pondering is - If the tech and growth sectors correct sharply, will the lagging deep value stocks do so as well ... or will they perk-up?
(@Crash will be glad to know the M* Tracker is working again. I suspect it was under maintenance.)

https://www.sec.gov/Archives/edgar/data/1552947/000158064220003735/redwood497.htm
497 1 redwood497.htm 497
REDWOOD ALPHAFACTOR® TACTICAL CORE FUND
Class N RWTNX
Class I RWTIX
REDWOOD ACTIVIST LEADERS® FUND
Class N RWLNX
Class I RWLIX
Each Series of Two Roads Shared Trust
Supplement dated October 13, 2020 to the Prospectus and Statement of Additional Information (“SAI”)
for the Redwood AlphaFactor® Tactical Core Fund and the Redwood Activist Leaders® Fund
each dated February 28, 2020
The Board of Trustees of Two Roads Shared Trust (the “Trust”) has concluded, based upon the recommendation of Redwood Investment Management, LLC, that it is in the best interests of the Redwood AlphaFactor® Tactical Core Fund and the Redwood Activist Leaders® Fund (each a “Fund” and together, the “Funds”) and their respective shareholders that each Fund be liquidated. Pursuant to a Plan of Liquidation (the “Plan”) approved by the Board of Trustees, each Fund will be liquidated and dissolved on or about October 30, 2020.
Each Fund will be closed to all new investments on October 14, 2020. On or about the close of business on October 30, 2020, each Fund will distribute pro rata all of its assets in cash to its shareholders and all outstanding shares will be redeemed and cancelled. Each Fund will not accept any new investments and will no longer pursue its stated investment objective. The Plan for each Fund provides that the Fund will begin liquidating its portfolio as soon as is reasonable and practicable and will invest in cash or cash equivalents (such as money market funds). During this time, each Fund may hold more cash or cash equivalents than normal, which may prevent a Fund from meeting its stated investment objective. Shares of the Funds are not available for purchase.
Prior to October 30, 2020, you may redeem your shares, including reinvested distributions, in accordance with the “How to Redeem Shares” section of the Funds’ Prospectus. Unless your investment in a Fund is through a tax-deferred retirement account, you will recognize gain or loss for federal income tax purposes (and for most state and local income tax purposes) on a redemption of your shares, whether as a result of a redemption that you initiate or upon the final liquidating distribution by a Fund, based on the difference between the amount you receive and your tax basis in your shares. Please refer to the “Tax Status, Dividends and Distributions” section in the Prospectus for general information. You may wish to consult your tax advisor about your particular situation. Plan sponsors or plan administrative agents should notify participants that a Fund is liquidating and should provide information about alternative investment options.
ANY SHAREHOLDERS WHO HAVE NOT REDEEMED OR EXCHANGED THEIR SHARES OF THE FUNDS PRIOR TO OCTOBER 30, 2020 WILL HAVE THEIR SHARES AUTOMATICALLY REDEEMED AS OF THAT DATE, AND PROCEEDS WILL BE SENT TO THE ADDRESS OR ACCOUNT OF RECORD.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
________________________________________
This Supplement, and the Prospectus and SAI, each dated February 28, 2020, provide relevant information for all shareholders and should be retained for future reference. The Prospectus and the SAI have been filed with the Securities and Exchange Commission and are incorporated by reference. The Prospectus and SAI can be obtained without charge by calling 1-855-RED-FUND (733-3863).

Ally Invest Review 2020:
https://wallethacks.com/ally-invest-review/
The 13 Best Brokerage Account Promotions and Bonuses for 2020:
https://wallethacks.com/best-new-brokerage-account-promotions/
Chase Private Client Offer ($2000):
https://account.chase.com

About 1 year ago I wrote this:

USAA recently "sold" their Investment division to Charles Schwab for $1.8 Billion. That's $1,800,000,000 in cash. USAA will transfer $90 Billion in assets to Schwab sometime in May 2020. I asked how individual investors (there are 1 million) will benefit from this sale. I am still waiting for that answer. This latest move may not mean anything for the orphan investors who are leaving USAA for Schwab. Doesn't look like individual account holders will receive any of this $1.8B as a "bonus" for this asset transfer.
The 1 million investors seem due some it not all of this windfall.

Instead of sitting still and letting my assets move uncompensated I instead actively move my assets twice. Once to Merrill Edge and then again to TD Ameritrade. I received bonus transfers totaling $2,500 which neither Schwab nor USAA where willing to offer me.
I am again facing a similar scenario at TD Ameritrade:

Charles Schwab SCHW has concluded the acquisition of TD Ameritrade Holding for roughly $22 billion. This led to creation of a behemoth in online brokerage space with combined client assets of more than $6 trillion and serving nearly 28 million brokerage accounts.

That's $6,000,000,000,000 AUM. The average account balance ($6T/28M accounts) is about $272K / account. TD paid me a bonus transfer of $1,500. This will not be offered to me if I sit and wait for the "acquisition transfer" to happen between TD and Schwab.
Any good "Bonus balance transfer" offer out there?

Bloomberg covers the topic here:

Home buying isn’t for everyone. While there are financial benefits to owning property — the value could increase, and mortgage interest can be tax-deductible — you lose the flexibility that comes with renting. And property taxes, maintenance, insurance and unplanned expenses mean there is much more to consider than just whether or not a mortgage payment is cheaper than rent.
Bloomberg spoke with people across the world about what went into their decision to buy — or wait.

real-estate-market-rent-or-buy-a-house-during-covid-home-hunters-explain-moves?

it is important to note the dates when MaxDD data is obtained.
Don't know the start and ending dates for M*. it a single day or over a week or month? MFO Premium listed the MaxDD for Cycle 6 - starting 202001 (Jan 1, 2020) and ending 202008 (August 30, 2020).

Maybe I am missing something, but when I calculate the change in either value or NAV of most of the bond funds listed in Charles Bolin's Seeking Alpha article I get far higher drops then the MFO statistics show.
Example VCOBX, MFO lists a DD over last year or during Covid crash of minus 0.8, but the NAV dropped from $21.48 (3/6/2020) to $20.20 ( 3/19), a drop of 6%
There were no dividends paid during this time, and even adding back in a proportion of the dividend of $0.04430 paid 3/31, you still get a drop of 5.8%.
Even the drop on a monthly basis for March is 0.8%.
Morningstar listed the Maximum Drawdown over all time periods as 2.7% from 2017 to 2018.
The definition of Maximal Drawdown MFO uses is " The percentage of greatest reduction in fund value below its previous maximum over period evaluated".

@davfor - I'm curious, what made you chose Brookfield or was it just thrust on you with the merger? I'm a bit surprised that their geographic presence doesn't include Australia. I am using ICLN as my broad based fund. TAN would have been just as good but it's my individual holdings that have gone bonkers. Like you (I think) I have no intention of selling and I don't expect much in the way of further gains but I'm also not adding more at this time.

"Smarter people" suggest that......

Value stocks outperformed growth for half a year after every presidential election since 1980, according to research by Larry McDonald and his team at the Bear Traps Report.

New administrations often pass a lot of spending bills that rev up the economy. Value stocks typically outperform when growth picks up. One reason is that when there’s more growth around, investors no longer pay up for what was once a narrower swath of growth plays.

https://marketwatch.com/story/value-stocks-are-poised-to-crush-growth-stocks-after-the-presidential-election-2020-10-09