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Position Update
- Apr 5, 2013
- 1 min read
Given the market volatility today due to the weaker than expected jobs report, we wanted to provide an update relating to our portfolio. When reading our previous bogs, we are seeing cracks in the current rally and expect the market to correct in the near-term.
As stated in our last update, we liquidated all remaining small-cap long positions. Our small-cap behavioral model has registered an official “sell” signal and yesterday we started to build our inverse small-cap portfolio.
We bought the ProShares Short Russell2000 ETF (ticker: RWM). For those investors looking for higher beta investing, one should also look at the ProShares UltraPro Short Russell2000 ETF (ticker: SRTY).
We also received a bullish signal within the investment grade corporate bond sector. The iShares Barclays Aggregate Bond Fund (ticker: AGG) is a great way to take advantage of this sector.
Depending on how the market closes today, most likely we will be scaling out of the S&P 500 ETF (ticker: SPY) and the Nasdaq 100 ETF (ticker: QQQ). These are positions that we bought in early December and have been taking profits over the past month.
Joseph S. Kalinowski, CFA
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