Action in US equity markets was pretty muted this week with consolidation just below resistance (and prior pivot high) at ~4600:
It will be interesting to see whether Santa can pull us above this resistance zone and towards the all-time highs at ~4810 (~4.5% higher) before the end of the year.
Despite the respectable performance of US equities over the past week this asset class was outperformed by Real Estate, Gold and Bonds:
With holdings in the Rutherford Portfolio looking like this:
and, despite 55% of funds being held in BIL (proxy for Cash), performance was relatively good:
keeping up with the benchmark AOR Fund.
Checking the current rotation graphs:
we are still not seeing strong action in the desirable top right quadrant (strong short- and long-term momentum) but the recommendations from the rotation model:
are to Buy shares in PCY and VTI and to Hold our positions in GLD.
Consequently, this week’s adjustments will look something like this:
where I will be adding shares of PCY and VTI to the portfolio and selling the necessary number of shares in BIL to generate the necessary cash required for these purchases. I will not be making the small suggested adjustments to holdings in GLD or SVXY.
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