Global Asset Allocation Update

By |2019-10-23T15:07:30-04:00January 4th, 2018|Alhambra Portfolios, Alhambra Research, Markets|

There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. The extreme overbought condition of the US stock market persists so I will continue to hold a modest amount of cash. There are some minor changes within the portfolios but the overall allocation [...]