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PAR Model
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Frank Donovan, Vice President Model Capital Management LLC constructs tactical ETF-based portfolio management strategies. Model Capital provides these tactical strategies in research reports tailored to registered investment advisors. These tactical strategies are based on near-term return and... More
My company:
Model Capital Management LLC
  • More Downside Expected For U.S. Equities 0 comments
    Apr 10, 2012 1:22 PM | about stocks: SPY, DIA, QQQ

    The S&P 500 (and SPY) is down about 1% today, which brings its decline in April to about 3%. This prompted some observers to call for a rebound, for various reasons. Volatility dominates in the short term, and daily market moves are certainly hard to predict. But over longer term, 3-6 months, we expect the market to go lower.

    With our tactical asset allocation model (PAR model), we focus on mid-term, 6-month horizon. On March 31st, the model gave the expected return for the S&P of -5.2% - see the chart below.

    Take a look here at my original post with the March model result.

    seekingalpha.com/instablog/2192311-taaco...

    Visit us at taacomplete.com for more info.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Market currents, expected return, asset allocation, TAA, long-short, global macro, risk premium, market direction, S P 500, equity exposure Stocks: SPY, DIA, QQQ
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