Category: Tactical ETF Portfolio Management
Tactical ETF Portfolio Management is about tactical decisions with Exchange Traded Funds.
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Stock Market Year-to-Date and First Quarter
So far, the U.S. stock market isn’t doing so well. And, the gains and losses over the past quarter have been asymmetric. Consumer Discretionary (12.6% of the S&P 500 index) and Healthcare (14.8% of the… Read More
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Absolute Return as an Investment Strategy
In “Absolute Return: The Basic Definition”, I explained an absolute return is the return that an asset achieves over a certain period of time. To me, absolute return is also an investment objective. In “Absolute Return… Read More
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Absolute Return as an Investment Objective
In Absolute Return: The Basic Definition, I explained an absolute return is the return that an asset achieves over a certain period of time. To me, absolute return is also an investment objective. Absolute Return as… Read More
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Asymmetric Sector Exposure in Stock Indexes
When you look at the table below and see the sector exposure percents, what do you observe? Do these allocations make sense? That is the sector exposure of the S&P 500 stock index: I used… Read More
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US Government Bonds Rise on Fed Rate Outlook?
I saw the following headline this morning: US Government Bonds Rise on Fed Rate Outlook Wall Street Journal – “U.S. government bonds strengthened on Monday after posing the biggest price rally in more than three months… Read More
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Trends, Countertrends, in the U.S. Dollar, Gold, Currencies
Trend is a direction that something is moving, developing, evolving, or changing. A trend is a directional drift, one way or another. When I speak of price trends, the directional drift of a price trend… Read More
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Fed Decision and Market Reaction: Stocks and Bonds
So, I’m guessing most people would expect if the Fed signaled they are closer to a rate hike the stock and bond markets would fall. Rising interest rates typically drive down stocks along with bonds.… Read More
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Diversification Alone is No Longer Sufficient to Temper Risk…
That was the lesson you learned the last time stocks became overvalued and the stock market entered into a bear market. In a Kiplinger article by Fred W. Frailey interviewed Mohamed El-Erian, the PIMCO’s boss,… Read More
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This is When MPT and VaR Get Asset Allocation and Risk Measurement Wrong
I was talking to an investment analyst at an investment advisory firm about my ASYMMETRY® Global Tactical and he asked me what the standard deviation was for the portfolio. I thought I would share with… Read More
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Trend Change in Dollar, International Stocks, Gold?
Directional trends tend to persist. When a price is trending, it’s more likely to continue than to reverse. A directional trend is a drift up or down. For example, we can simply define a uptrend… Read More