We Claim to be neither Fake nor Smart...

...But the Gabriel Private Alpha (GPA) Fund continues to beat the Artificial Intelligence (AI) hedge fund index and numerous hedge fund indices:

8/1/2020 15:51:53	Gabriel Private Alpha GPA Fund (after fees)	SP-500 (SP-500 ETF SPY)	Barclay Hedge Fund Index	Hedge Fund Index	AI (Artificial Intelligence) Hedge Fund Index	Eurekahedge 50 (50 largest hedge funds) Index
Overall Return since January 2020	17.9%	2.7%	0.9%	-2.6%	-0.6%	-5.2%

We accomplish this with a Beta of 0.14 (one-seventh [1/7th] the volatility of the S&P 500). Here is a screenshot of our year-to-date return (32.59% before fees):

Back-testing of our model supports the Fund generating Alpha with Low Beta over the long-term. Nevertheless we are humbled by our return, and grateful for those who read the Gabriel Report.

All the Best,

Brian Gabriel

Despite 2nd Wave of COVID, we are Very Bullish

Dear Reader, We are very bullish this upcoming month. For those who may (rightfully) inquire how one can be bullish given we are experiencing: Historic protests Historic unemployment Historic pandemic (now likely in a 2nd wave) ...it's very complicated, but there's statistically sound reason to believe the massive stimulus will buoy the markets in the near-term even in the face of such head winds. Readers will note I am less bullish over the intermediate to long term. Thank you all for sharing! Brian This report reflects the current opinion of the author. The report is based upon sources believed to be accurate and reliable. Opinions and statements about the future expressed in the report are subject to change without notice. The report is not a solicitation or an offer to buy or sell any security.

S&P 500 Overvalued but Likely to Move Higher

Market headwinds persist while tailwinds subside slightly. The S&P 500 remains historically overvalued , while the bullish effects of massive fiscal stimulus persist but are subsiding. The S&P 500 has traded within a range around 3250 (red line) to near 3600 (green line) for the past couple of months: The S&P 500 will likely continue to trade within a range until earnings catch up with stock prices and/or additional fiscal stimulus arrives. When the S&P 500 breaks out we believe it’s more likely above the green line than below the red line. We believe the S&P 500 is in a bull market and are bullish for the upcoming month. This report reflects the current opinion of the author. The report is based upon sources believed to be accurate and reliable. Opinions and statements about the future expressed in the report are subject to change without notice. The report is not a solicitation or an off...

Market Valuations in Danger Zone as Federal Reserve Pledges Afterburner

Updated 9/1/2020 Gabriel Private Alpha Fund (after fees) SP-500 (SP-500 ETF SPY) Eurekahedge 50 (50 largest hedge funds) Index AI (Artificial Intelligence) Hedge Fund Index Barclay Hedge Fund Index Hedge Fund Index Return since January 2020 (the inception of GPA Fund) 33.0% 9.5% -5.2% 2.7% 2.3% -0.6% The United States stock market valuations are in a Danger Zone. A formula of stock market valuations around the world indicates that United States markets are the second most overvalued in the world (after India). Frankly our model forecasts negative one and two year S&P 500 returns if considering only market valuations. However the Federal Reserve’s actions in March 2020 temper this bearish outlook. In March the Federal Reserve (Fed) lowered the Federal Funds rate - the rate at which money is loaned to banks - to its present rate near 0% in order to fuel a stalling economy. Lowering the Federal Fund rate fuel...

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