The Major Trend Index dropped 0.02 to 1.08 in the week ended July 25th, with four of five categories declining during the period. The string of weakened readings this summer prompted us to cut net equity exposure in our tactical funds on July 10th by 5-6% to 60%, and we stand ready to hedge equity positions further if our disciplines continue to deteriorate.
Aug
01
2014
Major Trend Dropped 0.02 to 1.08
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