Weekly Commentary
June 2, 2010
Closing out May the markets finished with their worst monthly return since February 2009, and the worst performance for the month of May since 1940, with the major indices down between 7 and 8%. Only 5 out of 20 trading days in the month had positive performance of greater than 1%, while 9 days were worse than 1%. The European sovereign debt crisis continues to be a major contributing factor weighing market prices down. With the markets continuing their negative slide, the Stadion Investment Model is signaling that a positive price trend has failed to materialize in the markets, and in conjunction no underlying market breadth data has developed to give confirming indication that a price reversal is on the horizon. We will continue to monitor the markets as well as the Stadion Investment Model for positive indications of a reversal in market trend. Until then all portfolios are currently defensively positioned in cash and short term fixed income ETFs. - SMM-062010-023Looking for more insights?
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