Info Tech and Consumer Discretionary are largest sector weights in domestic portfolio.
We increased equity exposure back above 50% in mid-November as a result of the MTI returning to Neutral.
Select Industries gross composite gained 3.8% in November and is now up 16.7% YTD.
Our AdvantHedge gross composite lost 0.8% in November, outpacing the inverse performance of the S&P 500 (+2.7%) and the NASDAQ (+3.7%), but not the volatile Russell 2000 (+0.1%).
Major Trend Index turned negative and as of early October, we are now targeting 40% net equity exposure.
Select Industries slightly increased Department Stores & Health Care Facilities; Global Industries purchased Real Estate Management & Development and Road & Rail.
Consumer Discretionary is heaviest weight in domestic and Global AdvantHedge.
Net equity target is 55%; waiting for clearer signal from our Major Trend Index (currently rated Neutral).
Select Industries bought Department Stores & Health Care Facilities; Global Industries Purchased Gas Utilities & Integrated Oil & Gas.
Info Tech is largest sector weight in domestic AdvantHedge; Consumer Discretionary is heaviest weight in Global AdvantHedge.