{"id":4976,"date":"2026-06-04T15:12:29","date_gmt":"2026-06-04T14:12:29","guid":{"rendered":"https:\/\/crescit.se\/?p=4976"},"modified":"2026-06-04T15:22:44","modified_gmt":"2026-06-04T14:22:44","slug":"marknadsbrev-maj-2026","status":"publish","type":"post","link":"https:\/\/crescit.se\/en\/marknadsbrev-maj-2026\/","title":{"rendered":"Market Letter May 2026"},"content":{"rendered":"
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In May, global stock markets rose broadly, closing near records, while volatility fell to low levels. The rally was driven by a few companies and rested more on hopes for peace in the Middle East than on resolved conflicts.
\nCrescit Hedge performed well in that environment. The fund rose +1.85 percent during the month and took the year to +4.46 percent. The result came primarily from long call options on the US and Europe, as they increase in value when the indices do but can never lose more than the premium we paid. The protective legs paid as expected when the market rose.<\/p>

\nDuring the month, we rolled exposure to longer call options expiring in December, to maintain participation in a continued rally at a lower cost while maintaining protection. With cheap protection and a market pricing in calm that is not yet secured, we remain prepared for a rebound, but are in if the rally continues.<\/p>\n

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<\/object>Crescit monthly newsletter December 2025<\/a>Download<\/a><\/div>\n

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I maj steg v\u00e4rldens b\u00f6rser brett och st\u00e4ngde n\u00e4ra rekord, samtidigt som volatiliteten f\u00f6ll till l\u00e5ga niv\u00e5er. Uppg\u00e5ngen drevs av ett f\u00e5tal bolag och vilade mer p\u00e5 hopp om lugn i Mellan\u00f6stern \u00e4n p\u00e5 l\u00f6sta konflikter. Crescit Hedge presterade v\u00e4l i den milj\u00f6n. Fonden steg +1,85 procent under m\u00e5naden och tog \u00e5ret till +4,46 procent. […]<\/p>\n","protected":false},"author":4,"featured_media":4989,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,19],"tags":[],"class_list":["post-4976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aktuellt-crescit","category-crescit"],"acf":[],"_links":{"self":[{"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/posts\/4976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/comments?post=4976"}],"version-history":[{"count":5,"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/posts\/4976\/revisions"}],"predecessor-version":[{"id":4990,"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/posts\/4976\/revisions\/4990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/media\/4989"}],"wp:attachment":[{"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/media?parent=4976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/categories?post=4976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crescit.se\/en\/wp-json\/wp\/v2\/tags?post=4976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}