Global markets gained with emerging markets performing well. Global PMI slowed but remains in expansion. Non-U.S. equity Core model overweight on China, Australia, Germany, Canada; Explore model favors Chile, India, South Korea, Sweden, Taiwan.

Risk management model remains unchanged, advising full exposure to U.S. High Yield, Emerging Markets, U.S. Investment Grade, and Floating Rate Notes. Steady indicators support this allocation.

The NDR Catastrophic Stop Update: NDR's model recommends fully invested equity allocation in August. Market gains continue, led by cyclical value sectors. The model remains a mix of cyclical and defensive sectors.

The DH Smart Value Portfolio continues to invest in companies producing excess returns through positive economic profitability, supported by solid balance sheets (quality), significant cash generation (profitability), and trading with considerable margins of safety (valuation).

This week's Tech Talk highlights the S&P 500's proximity to resistance levels, indicating a potential short-term pause/pullback. The achieved 4600 target came with a potential bearish "Outside Reversal Day" pattern. Gasoline's positive momentum remains bullish. Market trends may develop over months, not days.

Explore the recorded Technical Analysis webinar with Art Huprich, CMT. Gain insights into equity markets, supply-demand dynamics, rotation opportunities, and more. Watch the replay to enhance your financial expertise!

S&P 500's uptrend faces potential selling pressure and resistance. Earnings season adds uncertainty. Monitor NYSE Advance-Decline Line, seasonality, SP500 support, US Dollar Index, banks, and treasury yield index. Headwinds building.

Domestic equity market proxies ended lower last week. Within the context of the SPX’s uptrend, large cap growth/technology/SPX’s short-term momentum has indeed started to churn.

Risk management model recommends full exposure to equity-sensitive fixed-income sectors: U.S. High Yield, Emerging Markets, U.S. Investment Grade, and Floating Rate Notes. Fixed income markets show mixed performance, with short-term yields rising and long-term yields cooling. Sector allocations remain stable, with slight changes in weights.

Improved Catastrophic Stop model recommends fully invested allocation. Global markets show positive growth, with Japan and Australia overweighted. Germany and the UK underweighted. Explore opportunities in Mexico, South Korea, Poland, Taiwan, and India. Models use various indicators for objective analysis.

Improved NDR Catastrophic Stop model enters July fully invested. S&P 500 gains, led by cyclical sectors. Technology remains largest position, while Industrials and Consumer Staples change. Sector model indicates mixed leadership, overweighting IT, Consumer Discretionary, Industrials, Health Care, Utilities.

The portfolio delivered +5.06% YTD net of fees, outperforming the benchmark. With a Beta of 0.76, it achieved 24% lower volatility than the index. The focus remains on quality, profitability, and margins of safety, while value stocks show potential. Recent portfolio changes include adding PayPal and selling Micron Technologies due to macro headwinds.

Last week, amid the S&P 500's uptrend, showed renewed upside participation after a stall. "Listen to the market, don't force your opinion on it," advises David Lundgren. Mid-Caps and Small Caps outperformed Large Cap Growth/Technology in June, a trend needing continuation. Smart Sector strategies offer discipline and support.

NDR Catastrophic Stop Loss model advises staying invested, but short-term resistance is shifting lower. Overbought sentiment and lack of broad upside participation may hinder SPX trend. Market tools show declines, US equities to rebalance. Cycle composite turns into headwind.

Watch the Day Hagan Technical Analysis: Sentiment, Rules of Research, & Participation, recorded on June 20, 2023, for market insights. Art Huprich talks about following objective indicators & watches concentration and leadership rotation. Wider participation is needed. Watch the banking sector. The importance of breadth and sentiment is emphasized.

Since the beginning of June, people are playing “catch up” in the domestic equity market by buying relative strength laggards (economically sensitive, non-growth, regional banks, small/mid-caps, energy) and taking profits and/or reducing buying the former relative strength leaders (large and mega-cap growth).

The NDR Catastrophic Sell Stop model combines time-tested, objective indicators designed to identify high-risk periods for the equity market. The model deteriorated from last month but entered June with a fully invested equity allocation recommendation.

The risk management model (chart at right) seeks to reduce exposure to fixed income sectors most sensitive to equity drawdowns (U.S. High Yield, Emerging Markets, U.S. Investment Grade, and Floating Rate Notes) during periods of market stress.

The NDR Catastrophic Sell Stop model combines time-tested, objective indicators designed to identify high risk periods for the equity market. The model (chart at right) deteriorated from last month but entered June with a fully invested equity allocation recommendation.

It was helpful getting on the right side of our benchmark, the S&P 500 (SPX), in mid-October/November 2022, noticing the relative strength shift to Growth in late January, the start of price stability and basing by the Bank complex and the recent uptick by Small Caps.