Weekly Risk Report 11/13/2009
The first two weeks of November have helped to erase the nominal declines that occurred at the end of the previous month. International and global portfolios did the best while domestic portfolios kept pace. Currency and income portfolios were steady and rose as well.
The declines seen at the end of October have helped to slow the pace of money returning to the markets. This has had the benefit of letting the markets cool off and our Speculation component reflects this fact. It has dropped from a very bearish value a few weeks ago to a neutral ranking today. Three of our four risk components are now neutral with just the Relative Valuation component showing a bullish signal. Overall we see a decline in risk and appropriate cash levels in our portfolios.
The rapidly expanding number of exchange traded mutual funds gives us the ability to shop for the very best for each type of portfolio. We currently use ten different ETF providers to accomplish our portfolio designs. More ETFs become available each month. As this ability to choose expands, so does our effort in building creatively designed and efficient portfolios.
