ClearAlpha Capital October Performance Review

Our portfolio rose 0.68% this month. Compared to the S&P 500 Index's gain of approximately 2.5%, our performance remained relatively resilient. This was primarily due to our deliberate avoidance of AI and related technology sectors that drove the broader market's advance this month. We believe the valuations and market expectations surrounding the current AI theme have become significantly stretched, with volatility and risks exceeding our risk budget. Our investment strategy remains focused on companies with solid fundamentals and reasonable valuations, particularly in consumer, industrial, and traditional technology sectors. While this approach may result in relatively slower returns in the short term, it aligns more closely with our assessment of the long-term balance between returns and risk.