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Rutherford Portfolio Overview (Tranche 1): 20 October 2023 | ITA Wealth Administration Get hold of US

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It was a foul week for equities with the SPX (S&P 500 Index) dropping ~2.5% on the week:

Rutherford Portfolio Review (Tranche 1): 20 October 2023 2We are actually again within the potential assist zone (shaded space) close to the prior pivot low at ~4200 and near the underside of the 2SD boundary of the long run bullish uptrend channel. On the pessimistic aspect, ought to we drop beneath this potential assist zone, issues don’t look encouraging, with the following degree of potential assist coming in at ~4000.

In contrast with different main asset lessons, US Equities got here in on the centre of the pack:

Rutherford Portfolio Review (Tranche 1): 20 October 2023 3with Commodities and Gold main the best way and Bonds and Actual Property mentioning the rear.

Present holdings within the Rutherford Portfolio appear to be this:

Rutherford Portfolio Review (Tranche 1): 20 October 2023 4

and, because the portfolio is holding a excessive share of funds allotted to Money (or BIL, ST Treasury Notes) efficiency didn’t endure too badly:

Rutherford Portfolio Review (Tranche 1): 20 October 2023 5so, we’ll verify the present rotation graphs:

Rutherford Portfolio Review (Tranche 1): 20 October 2023 6the place we see DBC exhibiting a brief time period bounce (vertical upward motion) and GLD simply creeping into the fascinating high proper quadrant. Nevertheless, on a relative foundation BIL remains to be exhibiting as sturdy – and we all know that is going nowhere quick.

Having a look at suggestions from the rotation algorithm:

Rutherford Portfolio Review (Tranche 1): 20 October 2023 7we see a purchase advice for GLD and a Maintain for DBC with Sells for all different ETFs.

Shifting to the Place Sizing Sheet the image seems to be like this:

Rutherford Portfolio Review (Tranche 1): 20 October 2023 8with a suggestion to scale back holdings in DBC and re-allocate funds so as to add shares in GLD. For the reason that DBC suggestion is a comparatively discretionary adjustment, I’ll select to maintain my present holdings in DBC and promote shares in BIL (Money) to buy 16 shares in GLD.

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