Dual Momentum investors have been positioned in International Equities (VEU) for many weeks. While both U.S. Equities (VTI) and International Equities show positive absolute momentum, VEU is ranked higher than VTI on a relative momentum basis. Below is the critical worksheet from the Kipling spreadsheet I use to make investment decisions.
While I check to see what the rankings were over the past 12 trading days, it is the most recent ranking that carries the day and for now that continues to be VEU. Dual Momentum investors are 100% invested in VEU.
Disclosure: I am/we are long VEU.