MTI Steady At Moderately Bullish Level

January 07, 2017 BY Doug Ramsey <   >

The Major Trend Index was stable at moderately bullish readings throughout the month of December, and closed out 2016 with a 1.13 ratio of positive to negative points. The Momentum work improved during the month, but was largely offset by declines in the Intrinsic Value, Attitudinal, and Supply/Demand categories.

While the MTI has weakened after a stretch of 1.20+ readings in the fall, we’ve elected to keep net equity exposure levels in the Leuthold tactical portfolios relatively high at 64-65%.

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