The Equity Trend Model adds risk back to the model and rebounds in March 2019 with a month-to-date return of 3.21%.
The market added to its positive Year-To-Date return in February with the S&P 500 Total Return gaining 3.10% for the month.
The market roars back in January, while the Equity Trend model continues to trim exposure to equities.
While the S&P 500 Index has recently rebounded off of its Christmas Eve by over 10% as of the close on January 11, 2019, investors should remain cautious.
In this week’s recap: an impressive jobs report, a disappointing factory activity index, a slight recovery for oil, and some tailwinds on Wall Street.