Sector
Current Rating
SPDR S&P 500 ETF
Vanguard FTSE Dev Mkts
SPDR Gold Trust
Vanguard Short-Term TIPs
Vanguard FTSE Emerging Mkts
SPDR Barclays High Yld Bond
Vanguard Intermediate Bond
Vanguard Total Intl Bond
iShares Commodity Indexed
PowerShares Base Metals ETF
Vanguard REIT
Vanguard Global ex-US REIT
LEGEND
– Overweight
– Neutral
– Underweight
– Rating Change This Period
Lots of changes this month, as the technical model code was refactored, revealing some bugs and opportunities for optimization. The biggest news is the technical model moved the S&P to overweight, and in ‘buy the dips’ mode. Preliminary August figures show the S&P 500 returning to neutral.
Developed Foreign markets also moved to overweight, as did Gold for the first time in awhile.
Global REITs remain in the underweight camp – the model has been wrong on this one for the last few months – maybe now it will get it right.