Trade Alert – Equity & ETF Models
As we will discuss in tomorrow morning’s commentary, we are concerned about a short-term market top given the recent bifurcations between defensive stocks (now very overbought) and growth (now very oversold).
With that in mind, we have had an overweight equity exposure in portfolios for the last year, and today we are just moving back to the target weight. If we start to get confirmation of a correction, we will then begin to underweight equities, but we are not there yet.
For now, we are taking profits and rebalancing risk across sectors with the trades listed below.
Equity Model
- Reducing JPM, BRK.B, BLK, DUK, and KMI back to target weights. The weights are identified in the portfolio section on the website.
ETF Model
- Reducing XLF, XLP, and XLI to target weights.
Want These Alerts Via TEXT?
To receive trade information via text, click on your user name in the upper right corner of the website. Then click My Account and the title SMS Notification Preferences.
NOTE: You must add your country code in front of your number. The U.S. code is 1.
Please let us know if you have any problems.
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
Customer Relationship Summary (Form CRS)