WAM Strategy Note: Back to Neutral
Taking 60/40 and Long/Short strategies back to a neutral benchmark weight.
Disclaimer: For informational purposes only.
Please see here for more information about The Weight of the Evidence.
Discussion
After going OW equities on May 30 (see post below) I think now is the time to lock that in and take equities back to a neutral benchmark weight. I don’t believe there will be more than -3% downside from here, but markets are stretched enough into a key OPEX window where a -5% pullback is in the cards. I want optionality here.
In now way, shape, or form do I want to short equities, but sitting at neutral is nice and comfy.