Rutherford Portfolio Review (Tranche 4): 23 June 2023

Temporary “Cardboard” Cathedral in Christchurch, New Zealand while original Cathedral, that was destroyed in an earthquake, is being rebuilt.

It wasn’t a great week for US equities with the S&P 500 Index pulling back from the 1SD upper boundary of the uptrend channel:

It still looks possible for US equities to pull back to the potential support zone at ~4300 but, in comparison with other major asset classes, this still leaves it in the top half of the relative performance list:The Rutherford portfolio is looking like this:

that resulted in the  performance as shown below:

i.e. we lost a little ground relative to the benchmark AOR Fund.

Taking a look at the rotation graphs:

we only see VTI as being strong in the desirable top right quadrant.

Checking recommendations from the rotation model:

we only see Hold recommendations for VTI and the benchmark AOR Fund. with Sell recommendations on all other assets.  This means that this week’s adjustments to Tranche 4 will look something like this:

i.e. I will be selling current holdings in VEA and the proceeds will move to Cash.