Category: Tactical Asset Allocation
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The market climbs a wall of worry
Last week, the US investor sentiment, an indicator that is a part of the AAII Sentiment Survey, indicated the percentage of investors surveyed that had a bearish outlook for the stock market. An investor that… Read More
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Global Asset Allocation had a strong year in 2019, but…
People don’t usually invest all their money in equities, even though the stock market is mostly what we talk about. Large institutional investors like pensions and endowments don’t invest all their capital in the stock… Read More
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Argentina stock market loss is a reminder of single country ETF risk
If we looked at the MSCI Argentina ETF on July 4th, its gains year to date were astonishing. Below is a chart of both iShares MSCI Argentina & Global Exposure ETF (AGT) and Global X… Read More
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All investors are market timers
All investors are market timers. It isn’t just tactical traders. I’ve been hearing more about “market timing” recently from some investment advisors saying they aren’t market timers. But they are. We all are. And timing… Read More
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Global Asset Allocation hasn’t done any better
I’ve been hearing of how different active management strategies haven’t performed as well as the S&P 500 stock index the past five years. I can’t say it’s a big surprise since the SPX has been… Read More
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A few observations on Global Macro and Trend Following
A few observations on #GlobalMacro and #TrendFollowing As I see it, trend following can be global macro and global macro can be trend following. I call my primary strategy “global tactical,” which is an unconstrained,… Read More
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Global asset allocation takes a beating in 2018
Most financial advisors and financial planners recommend to their clients some type of global asset allocation. Their global asset allocation models usually include a range of bonds, U.S. stocks, and International stocks. Some may include… Read More
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Momentum stocks need to find some buying interest
The U.S. stock indexes were down nearly -2% today. Prior to today, it appeared more likely the stock market would attempt to trend higher. The only positive about today’s price action was the volume was… Read More
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Observations of the stock market downtrend
In the last observation I shared about the stock market, “The stock market trends up with momentum,” we saw the stock market reverse back up with strong momentum. The S&P 500 stock index had declined about -7%… Read More
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Global Market ETF Trends
Looking at the broad global markets, U.S. stocks are in a positive trend along with the U.S. Dollar. International stocks, commodities, and foreign currency are trending down. With the directional trends and momentum being in… Read More