Asset Allocation – USA – Dynamic CMA
The Dynamic CMA USA Portfolio asset allocation is designed to use the information gained from relative valuations to adjust asset allocation within the portfolio. The alignment moves toward increasing conservativeness as market and sector valuations approach overvalued positions and moves toward higher aspirational positions when market valuations move toward undervalued positions.
Global Market Forecast – 2019 (X-USA)
Last month we published our view on the USA market and the various sub-segments of the stock and bond market. This is report is for USD investors and covers the non-USD markets.
Investment Strategy Today – February 13, 2019
Inflation remains well contained throughout the world especially in Switzerland and Japan. Global economic growth is still moving forward. Russia is enjoying excellent trade conditions. Europe and UK struggle with declining production. USA is enjoying one of the best employment environments in decades.
Service Change: New Profitability and Revenue Ranking Peer Group Plot Added
Each stock’s respective profitability and revenue ranking slider chart has both a ranking for the individual stock within the complete universe and the position of the stock’s peer group in terms of market capitalization (Large, Mid, Small) and GIC sector (Energy, Materials, Industrials, etc.). This permits a quick comparison as to whether the stock is performing well in the complete market as well as within the stock’s peer group.
USA Fair Value Report – 2019 February
The market benefited from the 4th quarter “adjustment”. Markets have returned to earlier pricing levels with improved relative valuations. The total market has a better valuation, fair rather than overvaluation, at the same pricing level of mid-2018.