The SPX daily chart shows the Keybot the Quant turns during 2022. Last year started on the bull side with everyone 100% euphoric telling each other that stocks can grow to the sky. They got cut off at the knees.
The chart shows about 8 key downdrafts and 5 updrafts so the bears clearly had the upper hand during the year. The benchmark SPX, which is the S&P 500, the United States stock market, loses -19.4% during 2022. The SPX was down -20.2% on Friday but the market makers pushed it higher during the last hour of trading in 2022 so it would not end below that silly bear market metric of -20%.
The January, then April-June, then August-September then early December months were key down periods for stocks in 2022. It is an ugly chart but up or down does not matter when the quant is a long-short oscillator.
Keybot the Quant algorithm trading gains +45% in 2022 compared to the SPX losing -19% a 65 percentage-point outperformance. In addition, Keybot outperformed all the overpaid hedge funds on Wall Street.
The SPX begins 2023 at 3840. Keybot the Quant is short in the SH ETF. Keybot the Quant is champing at the bit to go long when trading begins for the new year on Tuesday morning, 1/3/23.
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