The Dynamic Allocation Strategy maintained its large allocation to equities. Five of the six top-level indicators in the model (relative strength, leading economic indicators, manufacturing, shipping rates, and central banks) continue to favor equities relative to fixed income. The global equity market participation (breadth) indicator deteriorated and now favors fixed income. Within the equities decision, Emerging Markets, U.S. Small-Caps, and U.S. Growth received the largest weightings. Click the link below to read more about the strategy’s positioning.
Full strategy commentary: NDRDAS202102041