All major indices hit record highs with Russell 2000 small-caps leading on 15-day streak
Major sector rotation favors industrial stocks over tech since election (S Fund benefiting)
Portfolio positioning remains focused on U.S. equity funds heading into year-end
Well the markets pushed through for that “Breakout to the Upside” with the Dow, S&P 500, NASDAQ and Russell 2000 Small Cap indices all closing Friday at historic highs. Of note is that the Russell is now on a 15-day win streak. We’re also seeing more evidence of that major sector rotation within the markets since election day. In the last three weeks, U.S. Steel is up over 60% while Apple is up a mere 0.6%. Who’d have “thunk that” a year ago! That said, the majority of our allocation remains in the U.S. equity funds (S/C) as we think about positioning ourselves in December for the start of 2017.
Well the markets pushed through for that “Breakout to the Upside” with the Dow, S&P 500, NASDAQ and Russell 2000 Small Cap indices all closing Friday at historic highs. Of note is that the Russell is now on a 15-day win streak. We’re also seeing more evidence of that major sector rotation within the markets since election day. In the last three weeks, U.S. Steel is up over 60% while Apple is up a mere 0.6%. Who’d have “thunk that” a year ago! That said, the majority of our allocation remains in the U.S. equity funds (S/C) as we think about positioning ourselves in December for the start of 2017.