Ned Davis Research has an interesting tidbit today in favor of the recent shift in client portfolios from value to growth. As noted in this chart, investors within Fidelity’s mutual fund complex currently have fewer dollars invested in growth funds than anytime since 1992. This seems like a good contrary indicator especially in light of […]
I received fresh signals from Northlake’s Market Cap and Style models yesterday that resulted in swapping all value exposure to growth at the open of trading. There were no changes to the Market Cap reading which remains at Mid Cap. The shift to growth occurred after three consecutive months of value signals, a period during […]
There were no changes to the signals from Northlakes Market Cap and Style models for December. The signals remain mid cap and value, respectively. Therefore, clients continue to own the S&P 400 (MDY), and the Russell 1000 Value (IWD) and the Russell 2000 Value (IWN). The market cap model has been drifting very slightly toward […]
Over the weekend, the New York Times ran an article about a new study of investment strategies. The article supported Northlake’s ETF rotation strategy by endorsing a strategy of monthly rotation among actively managed mutual funds based on four separate macroeconomic factors. This article caught my eye because after more than two years of developing […]
The November signals from the market cap and style models Northlake uses to allocate ETF-dedicated funds were unchanged from October. Consequently, no trades were done for November and client portfolios continue to own Mid Cap and Value. Specifically, clients own the S&P 400 Mid Cap (MDY) for market cap exposure, while style exposure is split […]
Although I rarely make a trade intra-month in Northlake’s model driven ETF investments, last Wednesday morning I moved half of the small cap value exposure to large cap value. This resulted in a swap of the Russell 2000 Value ETF (IWN) into the Russell 1000 Value ETF (IWD)….
Over the weekend I received fresh signals from Northlake’s monthly models. The big change for October is a new Value signal in the Style model after four consecutive months signaling Growth. As a result of the new signal, at the open on Monday I swapped all personal and client positions in the Russell 1000 Growth […]
After getting fresh signals from Northlake’s monthly models, client holdings in the Russell 2000 Small Cap ETF (IWM) were swapped into the S&P 400 Mid Cap ETF (MDY) at the open of trading yesterday. This trade was triggered mainly by the technical factors in the Market Cap Model. No changes were made based on the […]
I was out of town and unable to post on the August Model Signals last week. As clients have seen by now, the new signals led to a trade in the ETF portion of their portfolios. Specifically, the Market Capitalization model shifted from a mid cap signal to a small cap signal. Consequently, all holdings […]
Fresh signals for July for the Market Capitalization and Style models led to some trades in clients accounts on July 1st. The Market Cap model shifted from a weak large cap signal to a solid mid cap signal for July while the Style model moved firmly into growth territory for the first time since the […]
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tim@northlakecapital.com
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