Congratulations to the Q2 winners
No survey this week, Q3 competition starts next week
Quick summary:
Get ready for the Q3 competition starting on July 9th! We're taking a break this week due to the 4th of July holiday. Thanks for your patience—see you soon!
Q2 has been another exciting chapter in our competitions! There was a 0.96 point difference between the top two, highlighting the competitive intensity this quarter. Congratulations to our winners and great job to all who took part!
ORCA BASON Fund is up 5.4% in Q2 2024, and 18.6% year-to-date in 2024
The June jobs report and remarks from Fed Chair Jerome Powell, along with the June meeting minutes, are set for release this week
The competition
We're skipping our usual survey this week due to the 4th of July holiday. Since the markets are open only until 1 PM on Wednesday and closed on Thursday, we won’t trade the signal on the low-volume Friday. Thanks for your understanding, and we look forward to kicking off the competition from July 9th.
And now, let’s celebrate our Q2 competition winners! Another quarter has flown by, marked by strong performances and smart strategies. It was a tough quarter to make consistently good predictions, which makes your winning performances all the more impressive.
This time around, a 0.96 point gap has defined the race between our top two competitors, underscoring the intense rivalry and skill that our participants bring to the table. A round of applause for all, especially to the anonymous User24345, who clinched the first spot! Congratulations on your well-deserved victory and the $1,000 prize.
Everyone in the top 20 gets rewarded, so the rest of the $4000 prize money is distributed according to the rules of the competition ($600 to second place, $400 to third, and so on. Places 11 to 20 get $100 each).
NOTE: Payment details will follow shortly. For newcomers to the Leaderboard, we will be in touch via email to gather your payment information. Returning top performers can expect their rewards by week's end.
Here's our top 20 rankings for this quarter.
Some good familiar faces, and some new ones. Great game everyone, kudos on the performance.
NOTE: For all those new to the whole thing, read more about it here or watch a video of Scott and myself guiding you through the survey, showing you all its features, and briefly explaining how the competition works.
Market Overview: Q2 2024
Q2 2024 saw the financial markets navigate through a pattern of "sideways-up" movements, starting with a tough April that experienced significant sell-offs but eventually stabilized. The trend saw a modest uplift following the May FOMC, with June reaching new all-time highs driven by favorable macro data hinting at potential Fed cuts, yet each peak was met with brief periods of consolidation. Despite a late June sell-off, a strategy of riding out the fluctuations would have paid off, demonstrating the resilience of the market amidst occasional volatility.
Volatility remained relatively contained throughout the quarter, even during the market's final day dip, suggesting a steady, if cautious, optimism as we head into the summer and election season. ORCA BASON Fund mirrored this trend, marking a positive gain of 5.4% in Q2, and an 18.6% increase year-to-date, reinforcing the effectiveness of its strategic adaptations in a fluctuating market landscape.
This week, market focus will primarily be on the June jobs report set for release on Friday, a pivotal update following recent cooling inflation trends. Earlier in the week, attention will also turn to Federal Reserve Chair Jerome Powell’s remarks and the Fed's June meeting minutes, which investors will scrutinize for insights on future monetary policy. These events, amidst a holiday-shortened trading week, are expected to drive market sentiment and decisions.
DISCLAIMER: Neither the survey nor any of the contents of this website can act as investment advice of any kind. The results of the survey need not correspond to actual market preferences or trends, so they should be interpreted with caution. Oraclum Capital, LLC (Henceforth ORCA) is a management company responsible for running the ORCA BASON Fund, LP, and for organizing a survey competition each week, where it invites the subscribers to its newsletter (this website) to participate in an ongoing prediction competition. The information presented on this website and through the survey competition should under no circumstances be used to solicit any investment advice, nor is it allowed to be of commercial use to any of its readers. The survey and this website contain no information that a user may use as financial or investment advice. All rights reserved. Oraclum Capital LLC.
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