Updating the McClintock generated a surprise as I expected the Dual Momentum™ model would follow the recommendation we observed for both the Franklin and Pauling portfolios which was to invest 100% of the portfolio in U.S. Equities. Not so with the McClintock as the recommendation is to go with U.S. Bonds (BND).
If this were a full review, I would do nothing as the current holdings are BND and SCHP. Both are low volatile securities, relatively speaking. SCHP is an inflation protection security so it fits into a similar Dual Momentum “family” of securities.
A full review of the McClintock is due in a little over two weeks from today.
There are two “black” clouds hanging over the current market.
- Will Putin launch a nuclear attack?
- Will democracy survive in America?
Those are two heavy thoughts to contemplate when investing for the future.