October 2017 Market Forecast

Current Rating
SPDR Gold Trust
Vanguard FTSE Dev Mkts
Vanguard Intermediate Bond
SPDR Barclays High Yld Bond
Vanguard Short-Term TIPs
Vanguard Total Intl Bond
Vanguard FTSE Emerging Mkts
Vanguard Global ex-US REIT
– Overweight
– Neutral
– Underweight
– Rating Change This Period

Gold moved to overweight this month, basically on a valuation play.  The materials sector of the stock market also looks attractive at this point, so another option would be to look at the Gold Miners in addition to the a gold fund.  International developed markets also remained an overweight, extending the streak of overweights to 8 months.  This has been a profitable overweight call.  Global REITs remained underweight, and this has been a not so profitable call.  Early indicators for November show foreign REITS to go to equal weight.

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