|
Style Model
|
Mid Blend
|
||
|
Sector Model
|
XLU
|
1.52%
|
|
|
Large Portfolio
|
Date
|
Return
|
Days
|
|
ABX
|
4/11/2013
|
-17.86%
|
314
|
|
NEM
|
9/30/2013
|
-14.34%
|
142
|
|
EW
|
10/28/2013
|
-13.03%
|
114
|
|
JOY
|
11/18/2013
|
-1.31%
|
93
|
|
SWM
|
12/31/2013
|
-11.53%
|
50
|
|
TM
|
2/3/2014
|
0.40%
|
16
|
|
RS
|
2/10/2014
|
3.95%
|
9
|
|
CSCO
|
2/12/2014
|
-1.89%
|
7
|
|
ITRI
|
2/13/2014
|
8.09%
|
6
|
|
INT
|
2/18/2014
|
-1.00%
|
1
|
|
(Since 5/31/2011)
|
|||
|
S&P
|
Annualized
|
11.93%
|
|
|
Sector Model
|
Annualized
|
25.85%
|
|
|
Large Portfolio
|
Annualized
|
27.31%
|
Rotation: selling ITRI; buying CBI.
The “scare market” continues to churn. This is merely a transition from a fake market
to a real one.
The danger is that the “real” economy is far far below the
stratosphere that QE has taken the market.
While the taper is nothing to fear, a hiking of interest rates could
prematurely kill the first light the economy has seen since 2007.
Again, I’m talking about the economy itself. People who work for a living (or people who
would like to) have been in a recession during the entire QE fueled bull
run. Stepping back from the looking
glass into the real world is a trick I’m not sure Janet Yellen knows how to do.
Time will tell.
Don’t fear the taper!
Only a full reversal of the Fed balance sheet could derail us at the
moment.
Tim
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