August 2016 Commentary


Dipsea Capital Fund LP  


August 2016 Fund LP Commentary: 


From Mid-July 2016 through the end of August 2016, the S&P 500 Index of U.S. stocks upheld a historically tight range of less than 2%.  Price action and volume was subdued, even during the bulk of earnings season.  The broad market index closed down -.12% for the month.  The Dipsea Capital Fund generated a return of +.39% after fees for August.  Year-to-date, the Dipsea Capital Fund is up .86% versus the broad market index gain of 6.21%.   


The market clearly wasn’t conveying a lot of price or sentiment information during August.  What we can glean from the month’s action is the observation that the market environment continues to remain “fragile”. The ever broadening regulatory requirements upon financial institutions have created the unintended consequence of fewer institutional participants.  This reality contributes to the manic nature we have witnessed the past 18 months in the market volatility realm.  Specifically the market’s behavior will likely continue to oscillate from very low to extreme volatility, and back again, ever more quickly.


Our best response and adaptation continues to be valuing patience, and avoiding the inclination to place suboptimum wagers.  Furthermore we continue to work diligently to test and fine tune our rule based methodology to respond to the market’s mutation to a more machine centered versus human based structure.


We appreciate the continued opportunity to work on your behalf and be a trusted steward of your capital.




Chris Antonio  

Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts

September 8, 2017

August 3, 2017

July 7, 2017

June 7, 2017

April 12, 2017

March 2, 2017

Please reload

Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square