The Dynamic Allocation Strategy’s equity allocation declined to below 90%.
Five of the six top-level indicators in the model (relative strength, participation, leading economic indicators, shipping rates, and central banks) favor equities over fixed income. However, the Purchasing Managers’ Index (PMI) breadth indicator now favors fixed income.
U.S. Large-Caps, U.S. Growth, and U.S. Small-Caps received the largest weightings. Click the link below to read more about the strategy’s positioning.
Full strategy commentary: NDRDAS202107061