Tuesday, May 27, 2008

Sectors and Styles Strategy Report: May 27, 2008

excerpts from this week’s report:
Model Growth Portfolio (MGP)
"Last week’s results have extended one of the best relative performance weekly winning streaks for the MGP: 8 out of the last 9, 14 out of the last 16, and 16 out of 21 for the year. The MGP’s year to date alpha now sits at 296 basis points..."

Model Growth Portfolio (MGP) Re-balancing
“No portfolio adjustments are being made at this time...”
ETF Market Monitor
Econ. Sectors & Industries: Economically sensitive sectors along with Financials were hit quite hard. Flight to defensive sectors was the standard response.
Size & Styles: Extremely curious to note that Small and Micro Cap had such a strong relative performance week.
Global: Economically sensitive to the US consumer China and India were the big losers.
Other: Exceptional strength across the commodity board.

Expected Return Valuation Model
“Last week’s sharp 3.47% decline in equities moved the ERVM away from fully valued and into a slight undervalued range. Additionally, the credit crisis is over crowd took a hit last week as several commentators noted that worst may not…”

Moving Averages Scorecard
“While no mega trend changes occurred, there was a decidedly broad-based net decline in the near-term direction of many indicators. For example as the following chart shows, Industrials,…”

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