Trade Alert – Equity & ETF Models
We rebalanced some of our overbought positions in the equity model back to model weights. Other than GEV, which is a growth stock, the trade included four value stocks (WMT, VZ, KMI, and MO). The value – growth trade is getting long in the tooth. Thus, we are taking some profits. We are not yet ready to reduce value further and add growth, as the current portfolio balance has been working well. The sector model is in better balance, therefore we do not need to make similar trades today.
Equity Model
- Sell the following stocks to their model weights:
- GEV 2.50%
- WMT 2.00%
- VZ 2.00%
- KMI 3.00%
- MO 2.00%
ETF Model
- No trades
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Michael Lebowitz, CFA is an Investment Analyst and Portfolio Manager for RIA Advisors. specializing in macroeconomic research, valuations, asset allocation, and risk management. RIA Contributing Editor and Research Director. CFA is an Investment Analyst and Portfolio Manager; Co-founder of 720 Global Research.
Follow Michael on Twitter or go to 720global.com for more research and analysis.
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