Global Asset Allocation Update

Global Asset Allocation Update:

By |2018-02-07T17:14:32+00:00February 7th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Stocks|

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%. Despite the selloff of the last week I don't believe any portfolio action is warranted. While the overbought condition has largely been corrected now, the S&P 500 is [...]

Global Asset Allocation Update

By |2017-10-26T19:49:01+00:00October 26th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

The risk budget this month shifts slightly as we add cash to the portfolio. For the moderate risk investor the allocation to bonds is unchanged at 50%, risk assets are reduced to 45% and cash is raised to 5%. The changes this month are modest and may prove temporary but I felt a move to [...]

Global Asset Allocation Update: Step Away From The Portfolio

By |2017-09-22T14:35:31+00:00September 22nd, 2017|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolios this month. The post Fed meeting market reaction was a bit surprising in its intensity. The actions of the Fed were, to [...]

Global Asset Allocation Update: No Upside To Credit

By |2017-08-18T12:02:15+00:00August 18th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks|

There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are other changes to the portfolio though so please read on. As I write this the stock market is in the process of taking a dive (well if [...]

Global Asset Allocation Update: Not Yet

By |2017-07-17T18:22:01+00:00July 17th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks|

There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolio this month. Growth and inflation expectations rose somewhat since last month's update. The change is minor though and within the range of [...]

Global Asset Allocation Update:

By |2017-06-19T16:17:41+00:00June 19th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks|

There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are no changes to the portfolio this month. The growth and inflation outlook continued to weaken somewhat since last month's update. Certainly nothing very dramatic though, just a [...]

Global Asset Allocation Update

By |2017-05-18T18:48:22+00:00May 18th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Politics, Real Estate, Stocks|

There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are, however, changes within the asset classes. We are reducing the equity allocation and raising the allocation to REITs.  Based on the bond markets there has been little [...]

Global Asset Allocation Update

By |2017-04-18T15:31:57+00:00April 18th, 2017|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Markets, Stocks|

There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50.  The performance of markets in the first quarter of the year was a bit schizophrenic. Stocks performed well which one might interpret as a reflection of improving economic growth [...]