MTI Fell 0.02 to 0.97 Small Losses in Sentiment and Economic

The Major Trend Index fell 0.02 to 0.97 in the latest week, driven by small losses in both the sentiment and economic work. Technical market action, while hardly impressive, remained just bullish enough to keep MTI from falling into negative territory (i.e., readings below 0.95). We continue to target below-average net equity exposure of 50% in the Core and Global Funds, and are prepared to make further significant reductions if the MTI finally rolls over into “bear” territory.