A quick summary of what we are seeing by investment category (equity markets, fixed income and liquid alternatives):
- Equity Markets: Investor sentiment remains extremely optimistic (short-term bearish for equities), Don’t Fight the Tape or the Fed moved from a +1 to 0 (now neutral on Equities). The 13/34-Week EMA trend indicator remains bullish. The CMG NDR Large Cap Momentum Index is nearing a buy signal. Neutral to positive on equities.
- Fixed Income: HY remains in a buy signal and the Zweig Bond model remains in a buy.
- Liquid Alternatives: The CMG Opportunistic All Asset ETF Strategy is taking on more risk. Recently, we increased allocations to technology and biotech. Yesterday, we sold out of short duration bonds (“MINT”) into Vanguard Total World Stock ETF (“VT”).