May 2021 Overview

This past month was an interesting month for all the markets. There was a significant correction in all the indices and commodities. The alpha fund experienced great volatility in the second week of May, but slowly claimed back some of the lost position it experienced. We are seeing Gold price action emerge from it’s hiatus and is starting to trend upward, primarily due to inflation concerns.

Corn and Soybean is hitting record highs, with sharp corrections along the way. We anticipate strong volatility for the next couple of months.

Crypto hit all time highs the second week of May, and then corrected (40%) off of their highs. Ethereum has found a floor and is continuing it’s upward trend whereas Bitcoin is essentially flat. During the correction, many of the alt coins experienced a larger correction than the main crypto coin assets; specifically for this fund’s position, Raydium coin lost over 60% in value over the month of May, but has found a floor around the same price it was trading at the end of February.