Tactical ETF Portfolio Shift Commentary 10/29/2019

Within our fixed income allocation, we reduced our longer-dated Treasury exposure because we believe the flattening trend of the yield curve is effectively over as the Fed and other central banks continue to cut rates and ease policy. Within our equity allocation, we are reducing exposure to two sectors (REITS and Technology) that have had strong relative performance the last several months and are moving toward value-oriented equities that have underperformed but look poised to outperform through the end of the year.

  • DATE: October 30, 2019
  • TYPE: PDF

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