Resources & Investment Updates From Komara Capital Partners

September has historically been a market weak spot, yet it has defied expectations. Instead of stumbling, stocks are pushing to new highs, volatility remains muted, and the seasonal trapdoor that investors often brace for has yet to appear.

That ongoing divergence from history highlights why we rely on process over prediction. Markets will often tempt investors with patterns, narratives, and gut instincts, but those don’t provide a consistent edge. A systematic investing approach does, in our view. It adapts to what’s actually happening — capturing strength while it lasts and cutting risk when conditions change — and it removes the guesswork that so often derails long-term plans.

In this month’s Note, we look at how markets navigated September’s supposed weakness, the potential catalysts that could bend trends from here, and why consistency is as important in strong markets as it is during downturns.

But first, here’s a summary of the global asset classes utilized in our portfolios and their exposures for October.

Quiet markets can feel uneventful, but they’re often when the real work of investing takes place. Compounding isn’t flashy. It requires time, stability, and patience. When volatility is subdued and trends are intact, progress builds quietly in the background, setting the stage for meaningful long-term results.

That doesn’t mean we’re idle. A systematic investing process doesn’t switch off when markets are calm; it keeps monitoring, measuring, and preparing. Calm periods are when discipline is reinforced, so that when conditions inevitably change, the system can respond with clarity instead of emotion.

In this month’s note, we explore why periods of calm are powerful for investors — and why staying prepared, not passive, is the key to long-term success.

But first, here’s a summary of the global asset classes utilized in our portfolios and their exposures for September.