The CatShark Report November 16, 2025

Despite ending the government shutdown, markets fell over concerns about employment, ongoing inflation (the affordability crisis) and interest rates. Despite the fall, we extended our lead over our benchmarks as our defense kicked in. Here’s each strategy (please remember to check Black Diamond for your specific results):

LUL PerformanceStart:10/22/2025Trading
By StrategyToday:11/14/202518 Days
Projected
Current Value PlusPeriod Est.Avg DailyQuarterly 
Paid/Accrued DividendsTotal ReturnTotal ReturnTotal ReturnWin Rate
Portfolios
Alpha Convergence Conservative                        101,799.83 1.42%0.08%4.98%50.00%
Alpha Convergence Aggressive                        101,858.73 1.52%0.08%5.33%50.00%
Alpha Convergence                         101,836.07 1.36%0.08%4.77%50.00%
 
Preserve                                            (Benchmark is Conservative)                        100,399.97 1.02%0.06%3.56%61.11%
Benchmarks 
LUL Style                                  45.48 0.72%0.04%2.51%
S&P 500 plus Preferreds                                445.07 0.67%0.04%2.36%
RSP 500 plus Preferreds                                129.89 -1.16%-0.06%-4.07%
Smart Beta                                  60.81 -1.02%-0.06%-3.58%
Multi-Manager                                  94.44 0.10%0.01%0.35%
Conservative                                  83.09 -0.40%-0.02%-1.40%

On The Move

No trades this week as our portfolios slowly grind out better returns. We’ve done a lot of analysis on our new technology and why it is working so well. In the coming weeks, we will share with you our client-friendly version of our institutional white paper, documenting all the supporting research behind our new system. What I like most about it is that only we have it.

Market Conditions

The market is jittery for very valid reasons – the government shutdown not only hurt the economy (estimated to reduce economic growth by 1.5% this quarter by Kevin Hassett), it also blacked out some of the most reliable data on which the stock market trades and we may never know what the October data was for several key categories.

What It Means for Us

As the market gyrates, our new tech allows us to surf more than being churned in the chaos.

Disclaimer

This newsletter is provided for informational purposes only and represents the current opinions of LUL Wealth Management (“LUL”). It should not be considered personalized investment advice or a recommendation to buy, sell, or hold any security or adopt any particular investment strategy. The information presented is based on sources believed to be reliable, but LUL makes no representation as to its accuracy or completeness.
Past performance is not indicative of future results. All investments involve risk, including the potential loss of principal. The investment strategies discussed may not be suitable for all investors. Each investor should review their investment objectives, risk tolerance, and financial situation with a qualified advisor before making any investment decisions.
Performance data presented reflects the specific LUL strategies described and may not reflect the performance of any individual client account, which will vary based on account-specific factors including timing of investments, additions or withdrawals, and individual restrictions.
This communication is not an offer to sell or solicitation of an offer to buy any securities. LUL is a registered investment advisor. For additional information about LUL, including fees and services, please refer to our Form ADV, available upon request.
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