Consistency of returns - due to the cash flow nature of the loans, monthly performance tends to be relatively stable, unless there are value events equity kickers -upside volatility or defaults in the underlying portfolio downside volatility
Friday’s Settlement: 2902 (- 82) UPDATE: NO CHANGE: For the last sixteen weeks 3010 (our proprietary black resistance neck- line) has acted as the key upside pivot, and price action remained under that point (on a close basis) for this entire period. 3010 remains the pivot between a bullish and bearish market. It (3010) has worked like magic. Providing resistance to the tick. Eight days ago the market once again failed at that region, and is now suffering.