• / Free eNewsletters & Magazine
  • / My Account
Home>Tuttle Tactical Management Weekly Market Commentary

Related Content

  1. Videos
  2. Articles
  1. 4 Hidden Risk Factors in Bond Funds Today

    Investors should dig into their bond portfolios to understand all the places their managers are hunting for yield, says Morningstar's Eric Jacobson.

  2. Stock ETFs Worth Sticking Around For

    Although the stock market isn't a screaming buy today, investors shouldn't completely abandon equities for bonds. Here are some stock ETFs that are worth a closer look.

  3. Yacktman: Stocks Still Attractive Relative to Bonds

    Equities may not be significantly undervalued but still look good relative to the paltry returns available in the fixed-income market, says Don Yacktman.

  4. Sharpen Your Portfolio Plan for 2014 and Beyond

    Roundtable Report: At the outset of 2014, Morningstar strategists dig into the market's current valuation and expected return, seek out high-quality U.S. and foreign stock opportunities, size up the role of cash today, assess the Fed's impact on the market, and reveal the best ways to fight inflation.

Tuttle Tactical Management Weekly Market Commentary

Tuttle Tactical Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. You should not assume that any discussion or information contained in this letter serves as the receipt of, or as a substitute for, personalized investment advice from Tuttle ...

05/15/2013

We have been talking about some troubling divergences in the market for the past couple of weeks. These have worked themselves out— Small and mid cap stocks are now outperforming the S&P 500 over the past week and month and Treasury Bond yields are coming back up.

Up until the past couple of days it was hard to imagine the stock market rally continuing with small cap and mid cap stocks doing badly and Treasury yields continuing to fall. Now that this has reversed it is hard to see anything derailing this rally over the next few months. Short term the market is now looking overbought so it is due for a pause. Longer term all bets are off when the Fed takes its foot off the gas.

Bonds
The 30 year Treasury has now retraced 76% of the move it made earlier in the year as investors have rotated out of bonds into stocks. Even with this move iShares is still seeing net positive flow into Treasury ETFs. With the market looking overbought and Treasuries now looking oversold the market could be poised for a small rally.

Other Markets
Gold continues to look weak as there is no real need for save havens at this point.

Strategies
This week we have sold US Dividend stocks into rallies. We are now holding a fair amount of cash across the board that will be put back to work into any weakness in the market.

We sold our Treasury bond positions in our income strategies but continue to hold them as a hedge in our growth strategies. With Treasuries looking oversold and stocks looking overbought I am still longer term bearish on Treasury Bonds but I like having this protection short term.

Top Holdings

1
blog comments powered by Disqus
Upcoming Events
Conferences
Webinars

©2014 Morningstar Advisor. All right reserved.