Trade Alert – Equity Model
As we discussed last week, the market has started to show signs of technical weakness in some of our longer-term indicators. As such, we have started to reduce exposure in very small amounts. As the market progresses, we will continue to take small actions to rebalance allocations and mitigate risk as needed.
Today, we start with a slight rebalance of positions trading well above their target weights. We are reducing Costco (COST), Walmart (WMT), and Abbvie (ABBV) back to their allocated target weights and keeping the proceeds from those reductions in cash for the time being.
Equity Model
- Rebalance the following positions to their model portfolio weights
- Costco (COST) – 4.5% of the portfolio
- Walmart (WMT) – 1.75% of the portfolio
- Abbvie (ABBV) – 5.0% of the portfolio
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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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