Grounds of Royal Palace, Bangkok, Thailand
Apologies for being late with this week’s review, I had an emergency and had to go out of town for the weekend and only returned late last night. Last week was not a great week for US equities with the S&P Index closing the week down ~o.5% from last week’s close:
Prices are now sitting near the bottom of the current uptrend channel – so we’ll see where we go from here.
Real Estate was the best performing asset class on the week with relatively strong gains, particularly in the US sector:
Current holdings in the Rutherford Portfolio look like this:
with holdings in International Equities (VEA and VWO), Commodities (DBC) and Gold (GLD) in Tranche 1 of the portfolio.
Recent performance looks like this:
and is lagging the performance of the benchmark fund a little over the past couple of weeks.
Tranche 1 is the focus of this week’s review so we’ll take a look at the rotation graphs:
where we see significant rotation out of the desirable top right quadrant – with even VWO (Emerging Market Equities) beginning to show short term weakness after a few weeks of strength.
A look at the recommendations from the Rotation model being used to manage this portfoli:
shows no Buy recommendations and only Hold recommendations for VEA and VWO.
Consequently, this week’s adjustments will look something like this:
where I shall be selling the positions held in DBC and GLD and using the cash generated to buy shares in AOR, the benchmark fund.
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