Portfolio Trade Alert – May 18, 2022

By Lance Roberts | May 18, 2022

Trade Alert For Equity Model Only

After adding value-oriented positions to our model over the last couple of weeks, we had increased equity exposure above target levels. We were holding the SPDR S&P 500 Index (SPY) for a rally that started last week.

However, that rally came to an abrupt end this morning following the dismal report by Target (TGT) which reeked of recessionary warnings about the consumer, inventory builds, and supply change issues. To raise cash and reduce equity exposure for the time being we sold our 3% SPY position.

  • Sell 100% of SPY

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Lance Roberts is a Chief Portfolio Strategist/Economist for RIA Advisors. He is also the host of “The Lance Roberts Podcast” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter, Linked-In and YouTube
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