OTM Market Update –
Prior Week Market Performance:
- The S&P large caps lost 1.0% last week to 2081.18.
- The Russell 2000 small caps lost 1.0% last week to 1251.86.
- Long Bonds (TLT) gained 1.4% last week to 131.45.
- Asset Allocation Model: Stocks (gained to 47.25% from 42%); Bonds (dropped to 34.25% from 41%); Discretionary (19.50%)
Last Week’s Commentary: The long and medium term trends are still intact, but I would expect this upcoming week to be a down week in the market. If you are strictly intermediate or long term, there is nothing to see here, although if you are heavily weighted in equities you may want to hedge a bit into bonds.