Rutherford Portfolio Review (Tranche 3): 18 November 2022

Montezuma Castle, Arizona

It was a relatively quiet week in US Equity markets with the sector closing down slightly on the week and prices still sitting at the top of the 1 Standard Deviation (SD) longer-term downtrend channel and at the center of the shorter-term uptrend channel :

It is still not clear where we might go from here with potential seasonal bullishness fighting the established long-term downtrend.

In terms of relative asset class performance US equities closed the week at the center of the pack with Bonds leading the way with positive returns:

After sitting in Cash for a number of weeks, last week the Cash available in Tranche 2 was invested as shown below:

with portfolio performance looking like this:

So, let’s check this week’s rankings and recommendations and see what we might do with Tranche 3 (the focus of this week’s review). First, from the BHS model:

where we see no Buy recommendations, and secondly from the rotation model:

where we see Buy recommendations for VTI, VEA, PCY and AOR (benchmark fund). This is similar to last week’s recommendations but with PCY replacing GLD as the fourth recommendation.

I will follow these recommendation to get something like this: