For the week ending on 7/6/22, Sentiment became extremely negative again: Bearish remained the top sentiment (52.8%; very high) & bullish remained the bottom sentiment (19.4%; very low); neutral remained the middle sentiment (27.8%; below average); Bull-Bear Spread was -33.4% (very low). Investor concerns included recession; inflation & supply-chain disruptions; the Fed; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (19+ weeks). For the Survey week (Thursday-Wednesday), stocks were flat-up, bonds up, oil collapsed, gold tanked, dollar up. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=6&scrollTo=696

Energy situation is evolving quickly. Less than 2 months ago crude oil was priced near $120-130. Also there was concern about food shortage due to the Ukraine war. Commodities and their futures are the few brighter spots in 2022. Now it is the reverse.
https://aljazeera.com/economy/2022/7/6/oil-steadies-after-plunging-on-recession-fears
Wonder if Powell will raise another 75 bps in July? In addition, China’s demand on oil is considerable smaller due to their zero-tolerance COVID policy. Some lockdowns are beginning to lift in several large cities.

Energy commodities etf funds got killed slaughterd past 3 wks
How much do you suggest portfolio in commodity energy?? 5%??

C'mon. You know that the only one who can answer a question like that is yourself.
Since I can afford NOT to tap my portfolio at all, I'm not doing it. My time-horizon gives me leeway to suffer through these awful days. There is still more pain to come. I heard a talking head on Bloomberg say the SP500 would go to 3,100.
I'm still overweight in PRWCX. I just added a bit at the end of last month. Now it's 36.8% of total. Ya, that's a big bet.
I'm personally holding 6.27% of my total in Materials at the moment. That compares to 2.47% in the SP500.
Energy: 10.24% vs 4.8% in the SP500.
PRNEX PRFDX ET
(And PRWCX holds ZERO in Energy! And only 1.3% of its portfolio in Materials.)
I don't know how, and don't care to learn how, to play the game of shorting stocks. My only bond fund right now is HY TRP TUHYX. Yield is now up to 6.84%. Bonds are down to 20% of total portfolio. I bought my stock funds at the highs, early in the year. I've rearranged and added a bit since then. But it still feels like sitting in a big giant pile of doggie poopies. From time to time, I continue to buy, bringing down my cost-basis.
Also own TRAMX. PRISX. BRUFX. RGR. BHB.

As I said before, I read many articles that claimed you can't do it. I have been using my system over 20 years. Well, if you don't care, you don't. Over the years, I have learned a few techniques on several boards + my own interpretation.
As I said before, in order to swim, you got to be in the water. My system is explained (here) + actual results that were copied directly from my brokerage.
BTW, my portfolio (think 10/90) as of 7/5/2020, beat VWENX(about 64% stocks) for 1-3-5 years with SD for 1-3-5 year at 1.96-2.57-2.31.

“Traders and analysts say that some of the decline in commodity prices can be traced to the retreat of investors who piled into markets for fuel, metals and crops to hedge against inflation. JPMorgan Chase & Co. commodity strategist Tracey Allen said about $15 billion moved out of commodity futures markets during the week ended June 24. It was the fourth straight week of outflows and brought to about $125 billion the total that has been pulled from commodities this year, a seasonal record that tops even the exodus in 2020 as economies closed.”
From: The Wall Street Journal July 5, 2022
Article: “Falling Commodities Prices Raise Hopes That Inflation Has Peaked “ - by Ryan Dezember

https://www.marketbeat.com/stocks/NASDAQ/OCSL/chart/
Thanks for the tip. I like companies that can mint money out of thin air. Will have a look at this one,
The -10% YTD doesn’t trouble me. I gravitate to stuff that’s down. Suspect it’s holding up better than TRP or BlackRock.

First, getting out isn't momentum.
Second, I have heard so many times, you can't time the market. When I was an accumulator, I didn't care. When I got older, and had a lot more, I learned how to do it. Since 2018, retirement, I was out to MM with a max loss of less than 1%, while the SP500 lost 3 times 20% minimum.
Third, I got back on time, not the bottom, but at much lower prices.
If you want to swim, you can't learn it from a book, you actually, have to do it live.

First, you previously described yourself as a "momo" trader.
Second, frequent trading significantly impairs returns for many investors.
There have been numerous studies which confirm this finding.
The Barber/Odean study may be the best-known.
Third, get over yourself.
Most people don't care about your "special" trading system or that
you supposedly averted losses and got back in at much lower prices.

First, getting out isn't momentum.
Second, I have heard so many times, you can't time the market. When I was an accumulator, I didn't care. When I got older, and had a lot more, I learned how to do it. Since 2018, retirement, I was out to MM with a max loss of less than 1%, while the SP500 lost 3 times 20% minimum.
Third, I got back on time, not the bottom, but at much lower prices.
If you want to swim, you can't learn it from a book, you actually, have to do it live.

I just find the notion that crypto is somehow liberating people, and poor people especially, absurd. These are largely unregulated markets manipulated and controlled by a handful of wealthy investors and speculators: https://cnbc.com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html Moreover, if paper currency "debasement" is theft, what can one say of the profits investors routinely extract from stocks and bonds of companies they do not work for, especially in the case of securities trading in the secondary market? Outside investors trading stocks and bonds that aren't providing new capital for companies to grow are essentially profiting off the labor of the employees of companies they invest in while doing no work for those companies at all. Isn't that a kind of theft?
At least in the case of the dollar, the currency is being debased via the issuance of Treasury bonds used to pay for all sorts of government services for citizens. And that currency is regulated by a centralized government that is democratically elected by its citizens. No such central regulation exists for bitcoin, but if our currency is thoroughly undermined by it, it will cause immeasurable damage to the USA. As the world reserve currency, the dollar has the benefit of being the currency oil and gold are priced in. Anytime some country wants to buy a barrel they have to purchase dollars to do so. It's funny but some of our worst enemies like Russia want the dollar to collapse for this reason.

“If it seems too good to be true it probably is.”
Hard to feel sorry for folks duped into thinking they were getting 18% annual interest with no more risk than in an FDIC insured account. Some were even led to believe their money was safer than in a bank. I guess it goes to show that people are gonna believe what they want to believe.
Not referencing any particular company or currency. Just elucidating on what I’ve been picking up from the WSJ’s daily drumbeat of news around this issue.
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@Old_Joe. Thanks for the pertinent comment. Still too torn over the latest mass shooting to address that one. Last one I know of was Monday - but haven’t turned on the news yet today.

Well of course right after I comment, Voyager files for bankcrupcy and 100,000 people essentially lose their money. They are never getting that back. What a crock.

the debt level bothers me. A lot more than EPD

+1. Yes, true. They have buildings and projects underway. I should expect the debt will fall when that's all done?

Anti-crypto govt crusaders often cite that crypto is used to hide drug money.
I'm sure it is. But for every drug king-pin who uses it, there are 10,000s of ordinary people who use it.
Given the awesome technical surveillance abilities of the US govt, its within their power to identify where the drugs are grown and processed and who the big boys are -- and to covertly "take out the assets". Its also within their power to largely seal the border across which the drugs are trafficked. Instead, we have mass waves of male border crossings -- which provide distractions to our under-resourced border patrols, so the smugglers can enter at other points.. The open border also facilitates human trafficking, but strangely, the liberals who bemoan the human trafficking within the US refuse to suggest we cut off the supply -- at the border.
The govt can choose to stop (or severely disrupt) the drug trade. Probably a lot of govt officials are on the take at the highest levels. One (living-) President's son is a known crack addict and has bragged on a recording about he (the son) has the President's ear.
So please, no arguments that crypto needs to be banned to stop drugs. That is a straw man argument. They basically wish to continue to debase the currency at their will. Indeed some left-wing academics have suggested a "Fed-issued" crypto to eventually replace currency -- so that govt can know every transaction we have, and further control us down to the transaction level.
I wonder how Hunter would like that?

I didn't watch the video. But if the argument that it has no fundamental value -- the same argument could be made of those green pieces of paper -- or even the plastic - in our wallets. -- They have value because someone else: sovereigns or Visa, say they do.
I own no crypto. But look, the problem to which crypto purports to be the solution is the ongoing debasement of fiat currency --- that debasement constitutes theft -- theft of one's labor/efforts.
Imagine you are a resident of Zimbabwei, Iran, Venezuela, etc. Somehow, you are able to eke out an existence and save a bit. -- If you save your money in LC, your funds are constantly debased. If you seek to exchange your LC for USD, the govt may not allow you to, or may charge you an exorbitant FX fee. Ditto with gold. And where exactly do you safely store your USD or gold? For that matter, a lot countries cannot even trust their banking system -- they or their parents -- have lived through wholesale devaluations Notably, India -- a country which is dominated by small, family businesses which use cash did a "de-monetization". It was hastily announced and implemented, and a lot of legitimate businesses and households had a lot of their rupees invalidated because the banks would not process their exchanges prior to the deadline.
Many east Asian cultures have an absolute distrust -- with good reason -- of their govt-sanctioned banking regimes.
We could also discuss how here in the US, the Govt's bank has increased the M2 money supply by 40% since Covid -- and now the Fed is "shocked, shocked" that the result is inflation... In the 1930's, Roosevelt ordered the confiscation of private gold -- right before he devalued the USD against gold.
My point: govts have a "trust problem" with their fiat currencies. They've created the problem. Indeed the history of human civilization is the history of currency debasement. Now the govt wants to "help people" by outlawing crypto? This is the equivalent of the fox guarding the hen house.
Cont'd next post..

A bit too late to the game and priced too high. Their China ETF will be 20 bps higher than CNYA and underperforms it by a wide margin in 1, 3, 5 year trailing periods.
Numbers aside, the more alarming issue at Matthews is the exodus of portfolio manager talent that has occured over the past 2-3 years. For a small team, they've lost 10+ really important portfolio managers to competitors in a very short amount of time, including Tiffany Hsiao, Juanyuan Ji and Beini Zhao (all left for Artisan). This has been discussed ad nauseam in other threads. Never seen anything like it in all my years.
Sometimes the real story is not in the performance numbers!

Not surprising. Performance wasn't bad but the fund never scaled, I think it still had <10MM in it (and it started in 2014), which makes it hard to invest in for big investors, regardless of how good the performance numbers look. A fund that small that long isn't making money for the manager...can't last forever like that.

@Observant1: bare-bones.
https://www.marketwatch.com/investing/fund/odidx

@Crash ,
Click this link for ODIDX info.
This is not a recommendation...

+1.