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Back in the Saddle Again

By Gary Antonacci

 

U.S. stocks rebounded sharply in October. Pretty much every trend following method was out of the stock market last month, but most are back in stocks now. My dual momentum models were no exception to this, although some of us exited only half of our stock positions at the end of September, due to the changes in signals that were occurring every few days. I have to report model changes at one point in time (which is month end) as used in my book and on my website, so we switched entirely from stocks to aggregate bonds at the end of September, then back into stocks at the end of October. Our Global Equities Momentum (GEM) model is again long the iShares Core S&P 500 ETF (IVV), while our Environmental, Social, and Governance (ESGM) model is again long the Parnassus Fund (PARNX).

 

As I mentioned last month, our dual momentum ... Log in or subscribe to continue reading.


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