Rutherford Portfolio Review (Tranche 5): 26 May 2023

Sailboat in Auckland Harbor, New Zealand

US Equities are still having a problem getting through the resistance zone at ~4200 level – despite the strong performance of techology stocks over the past week. The S&P 500 index (SPX) had a volatile week with a small gain:

that keeps US equities near the top of the performance list over the past week:

with most asset classes showing losses.

Current holdings in the Rutherford Portfolio look like this (descriptions are missing due to problems at Yahoo):

with the porfolio being well balanced/diversified. Recent performance looks like this:

… misssing out on the April bullish market as a result of review date/timing luck. Tranche 5 (the focus of this week’s review) is one of the poorer performing tranches and, as I mentioned last week, I shall be “retiring” this tranche next week so as to allow me to make mandatory withdrawals from this (retirement) account.

Although not significant, since the tranche is being closed, we’ll take a look at the rotation graphs:

where we see GLD showing short-term strength although weakening (relatively) in the longer-term time frame.

Recommendations from the rotation model look like this:

however, I shall be selling current holdings as shown below:

to free up ~$18,000 Cash.

David