Hi, I’m Landon Whaley, Editor of The Whaley Report.
I spent 10 years working for two of Wall Street’s oldest and largest investment firms, back when there were actual investment firms. I have an MBA from one of the best business schools in the country. And I know first-hand that most brokerages and financial institutions don't have your best interests at heart.
That's why, 8 years ago, I launched my own asset management firm, explicitly focused on a global macro style of investing.
This type of investing means that I am unconstrained in terms of trading a wide range of markets, industries, and geographic regions. It also means that I’m unconstrained in the variety of financial instruments that I trade, allowing me to go both long and short across 4 key asset classes – stocks, bonds, currencies, and commodities.
I have condensed my global investing approach into something simple, effective and profitable for the individual investor, The Whaley Report. As my track record shows, I have succeeded in making TWR approachable and profitable!
BELOW YOU WILL FIND PART OF THE WHALEY REPORT SUBSCRIBERS RECEIVED THIS WEEK, JUNE 26, 2017!
This is a list of all Whaley Report trades that are currently open. This table summarizes all the relevant information for those trades including: execution details and exit parameters.
Below you will find a breakdown of all eight Focus Markets. This is where the true value of The Whaley Report is found. This example of our US Equity Focus Market, the S&P 500, SPY, details the six critical pieces of information that I provide weekly for each of the eight markets we cover.
(Click the images to enlarge)
Here is a sample of what the Focus Market trades look like in real time.
+ How is TWR Unique?
There are 2 key elements that make The Whaley Report unlike any other investment service for individual investors.
First, my Gravitational Investment Framework for generating trade ideas. Over the past two decades I have developed an investment process I use every day to manage real money across the globe in real time. And it's the exact same process that I use in The Whaley Report. I call it my Gravitational Framework because it’s a time-tested process for evaluating the 3 most critical forces, or gravities, that impact asset prices: fundamental, quantitative and behavioral.
Most professional asset managers focus on just one of these areas. However, I focus on and combine all 3 for a well-rounded and independent view of each market that I trade. Understanding how each of these 3 gravities works in conjunction with the others is the key to understanding how to trade a particular market, as well as earning outsized returns.
The second element that makes TWR unique is my focus on just 8 of the most critical financial markets. After an intense amount of research, I determined that in a given calendar year, the majority of asset returns can be captured in just 8 markets, which I call Focus Markets. Every week I evaluate and trade these same 8 Focus Markets. For the equity asset class, I trade US equities and Chinese equities. For fixed income, I trade US investment grade corporate bonds and US Treasuries. For currencies, I trade the US Dollar and the Euro. And finally, for commodities, I trade oil and gold.
Rather than trading futures contracts or other complex derivatives, I keep it simple and trade these markets using liquid, easily purchased exchange-traded funds (ETFs). I save you valuable time and dramatically improve the effectiveness of your investing by focusing your attention on just the 8 Focus Markets.
So hopefully at this point, my background indicates I know what I’m doing and the 2 key elements that make The Whaley Report unique have piqued your interest. But the proof is always in the pudding. Keep reading to find out about the returns I'm achieving.
+ How TWR Stacks Up in the Real World
I am completely transparent about and accountable for my performance. I can’t stand 'theoretical' performance claims that couldn’t possibly be attained in the real world of investing.
There is no such thing as someone who averages 200% a year or 6000% a month. These people either cherry picked one trade that got lucky, or they just flat out made up the results.
The best money managers in the history of the world average 20-30% a year over 10 years or more. Base your expectations on the fact that most newsletter guys and money managers are NOT the best in the history of the world.
That said, I’m very proud of what I have accomplished over the last 4 years. My trade ideas in TWR have delivered returns far superior to those of most mutual funds and hedge funds.
When I compare my returns to the 25,000 mutual funds tracked by Morningstar, I outperformed 99.9% of all funds over the last year, 98% over the last 2 years and 70% of funds over the last 3 years.
In terms of outperforming the 3,000 hedge funds tracked by Morningstar, I have outperformed 96% of all funds over the last year, 74% over the last 2 years and 68% of funds over the last 3 years.
While I'm excited about the overall performance, I am equally impressed with the consistency that I have been able to deliver to my subscribers. I have never had a down calendar year and this includes just 2 weeks of trading in 2012, which ended with a gain.
Real vs. Theoretical
You may notice that I always compare how I perform to the performance of real money managers, not other newsletter writers. This is purposeful.
People can’t possibly provide good insight into how markets work and how to trade them without knowing what it's like to risk real money in the marketplace. I hate to be the bearer of bad news, but most newsletter writers don’t manage real money.
For this accountability and transparency, subscribers are given access to a complete list of all closed trade ideas dating back to the inception of TWR. This is so you can evaluate all of the losers, as well as the winners. I provide a complete breakdown of the percent of winning trades to losing trades and the average profit or loss per trade.
I do this to help manage your expectations. This is how real money management works. Not every trade is a winner, nor can it be, as many would have you believe. Losses occur, but the key is to minimize losses and crush your winners. That’s how you put together a great track record.
Each week, on the last page of TWR, I track all of my open trade ideas, I update my track record and I compare my results against the appropriate money manager categories from both the mutual fund and hedge fund industries.
+ What You Get
I pack a ton into each weekly report. Each week you will receive:
- Weekly commentary covering a wide range of topics.
Focus Market Bias
Long Bias - indicates that the economic, quantitative and behavioral gravities are bullish and I believe a particular market will rise in price.
Short Bias - indicates that the economic, quantitative and behavioral gravities are bearish and I believe a particular market will decline in price.
Neutral Bias - indicates that the economic, quantitative and behavioral gravities are not aligned (a mix of bullish and bearish signals) and a particular market currently has an unclear direction and should be avoided.
The goal of the market bias, over time, is to capture the majority of the prevailing trend in a Focus Market and, more importantly, “catch the turns” and alert investors when the current trend ends and a new one begins.
Bias History - You will have the ability to see the bias history for each Focus Market going back 3 months.
Alpine and Abyss Lines
These are the most critical prices, calculated using a proprietary algorithm, above and below the most recent closing price for each Focus Market. How a market interacts with these prices has historically been a very good indicator that market’s short to intermediate-term direction.
Focus Market Commentary
Detailed analysis of the most critical developments from the previous week completed using my Gravitational Framework, where I monitor the economic, quantitative and behavioral gravity of each market.
Exact entry and exit prices for the Focus Markets with the best profit potential, and the least amount of risk, for the coming week.
- Transparent tracking of all open trade ideas
Updated Track Record Chart
Shows my trade idea returns since the inception of The Whaley Report, back in 2012. This chart is updated as of the most recent Friday’s close, and my performance is compared to the most relevant categories of mutual fund and hedge fund managers.