Maycrest Capital Celebrates 13 Years of Successful Investing

Maycrest Capital's co-founder highlights the 2019 investment results and other accomplishments.
Maria Davis, Maycrest Capital
Maria Davis, Maycrest Capital
WEST PALM BEACH, Fla. - Jan. 6, 2020 - PRLog -- Maria Davis, co-founder of Maycrest Capital, looks back at the year 2019 and provides her thoughts on the macroeconomic environment.
Among the milestones achieved in 2019:
  • Winning three industry awards;
  • Implementing an ESG policy; and
  • Topping the S&P 500 Total Return Index.
Returns of the Year 2019

"At Maycrest Capital, our mission is to deliver superior risk-adjusted returns over the long term. Over the past 13 years, we have achieved just that with our Maycrest Tactical Equity Strategy," reflects Davis.

"The broad U.S stock market reached new highs in the fourth quarter, which was somewhat a surprise to most market observers. While over much of the year the economy was a mixed bag and showed clear signs of slowing, our software model performed as designed in this time of uncertainty and kept us invested in the stock market."

The Maycrest Tactical Equity Strategy is an ETF strategy that changes exposure to the U.S. stock market based on the firm's proprietary BearCasting® model, which incorporates macroeconomic, technical, and sentiment indicators.

"With the return for 2019 of 32.36 percent, net of management fees of 1.2%, the Maycrest Tactical Equity Strategy had one of its best years ever," Davis adds. Since its inception in January 2007, the returns of the Maycrest Tactical Equity Strategy have surpassed its benchmark, the S&P 500 Total Return Index by 2.62 percent annually, net of management fees, while experiencing approximately half of the drawdown of the S&P 500 Index in the last recession.

Macroeconomic Environment

Davis believes the Fed lowering the fed funds rate three times in 2019 and providing additional liquidity were critical for the sustained expansion of the economy in the US.

As to the risks that Davis sees for 2020: "One risk that has been building for quite some time is the sustained weakness in the manufacturing sector, which has not shown convincing signs of a turnaround. Concerning are also the high levels of corporate debt in the U.S., in particular debt that is barely investment grade. A third risk that could be hidden in the wings is wage inflation forcing the Fed to increase interest rates to keep inflation in check. And of course, the Iran situation could spiral out of control."

While the firm's software model at present indicates that the Maycrest Tactical Equity Strategy should remain invested in the stock market, there may not be a smooth ride ahead in 2020. Investors can follow the BearCasting model's signals on the firm's website or by subscribing to the firm's monthly newsletter Macrogram.

About Maycrest Capital

Maycrest Capital is a research and asset management firm registered with the Florida Office of Financial Regulation. The firm's focus is to manage assets using the Maycrest Tactical Equity Strategy (Strategy), which is available through separately managed accounts on the Interactive Brokers' platform. Visit the firm's website for more information on the firm, its Strategy and  performance.

The firm may only conduct business in states where it is properly registered to do so. Past performance of the Maycrest Tactical Equity Strategy is not indicative of future results. An investment in the firm's Strategy is not appropriate or suitable for all investors and involves the risk of loss. Investors should expect unprofitable periods.

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Tags:Equity Strategy, Investment Returns
Location:West Palm Beach - Florida - United States
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