Stock market performance in May was very strong, maybe too strong. Our Money Talks Money Walks model keeps its allocation to stocks at overweight with strong conviction. However, there are some changes in the sector allocation, as well as within the bond allocation.
Although the world looks turbulent and risks remain elevated, April was a good month in terms of performance, especially for equities. Consequently, there are five upgrades of the model recommendations in our Money Talks Money Walks report, driven by changes in the trend indicator.
The consequences of the Middle East conflict are filtering through our Money Talks Money Walks model, leading to nine model recommendation changes this month.
In February, the overall picture at financial markets was positive, but beneath the surface there were signs of volatility and return dispersion. However, these developments didn’t lead to many changes in our Money Talks Money Walks model yet…
