Another RISKOFF day today, so stay diversified if you must hold stocks

Good morning. Our model is up to 34 stocks held evenly in the optimized CQNS Long portfolio. This portfolio would be hedged by shorting the $SPY by a BETA-weighted amount.

The benefits of stock picking declines when short-term interest rates approach the expected return of stocks.

We only see four stocks with a better risk-adjusted return than the indices:
   2 PNM    PNM Resources In -0.000044    5.23%     0.60     1.06  0.00113   1.04   0.20
   4 IEP    Icahn Enterprises L P -0.000020    5.66%     0.79     1.10  0.00243   1.16   0.30
   5 BRK.B  Berkshire Hathaway Inc. -0.000019    6.89%     0.77     1.01  0.00560   1.00   0.77
   6 AME    Ametek Inc -0.000007    7.17%     0.69     1.13  0.00684   1.01   0.86

All of these stocks pay a dividend. That helps in a risk-off market.
​
Good luck in the markets today. Stay safe.