Sector
Current Rating
SPDR S&P 500 ETF
Vanguard FTSE Dev Mkts
Vanguard FTSE Emerging Mkts
SPDR Gold Trust
Vanguard Intermediate Bond
Vanguard Total Intl Bond
SPDR Barclays High Yld Bond
Vanguard Short-Term TIPs
Vanguard Global ex-US REIT
LEGEND
– Overweight
– Neutral
– Underweight
– Rating Change This Period
The big news this month is the S&P 500 moved to overweight based on the momentum it has showed over the last several months. The model is optimistic, but cautious should any significant dips occur. Developed markets also remain overweight, as they have showed strength with no signs of turning around. For the first time since this model has started, there are not underweight asset classes. International REITs finally moved out of underweight, after a long (and unprofitable) prediction of underweight. Gold went from overweight to average as it appears to be in a trading range for the foreseeable future.