Allocation History

Image Description

Current Scene: Moderately Bearish

Reallocation Signal Date: May 8, 2020

Previous Scene: Bearish

Current Scene: Moderately Bearish

Recap: Despite extraordinarily bad employment numbers and many, many unknowns going forward, CARA signaled an increase in risk assets across all portfolios. We follow a rules-based system is currently responding to the strong price improvement we have seen in the major equity indices. At this time, we acknowledge that we are in the midst of high volatility and should conditions deteriorate again, we will be prepared to reallocate and remove risk as appropriate.

* Reallocation is generally completed between one and three business days after the identified reallocation signal date.

Cabana’s Allocation in Response to the Economic Cycle

  • Scene
    Broad Themes
  • Bullish
    Typical of a bull market cycle resumption following a correction or bear market. Risk assets, such as equities, outperform fixed income assets such as treasuries, bonds, preferred stocks and REITS.
  • Moderately Bullish
    Typical of an uptrend within a cyclical bull market cycle. Equities of all types generally outperform. Fixed income and dividend paying assets may also be attractive.
  • Cautiously Bullish
    Typical of a pullback within a cyclical bull market. Defensive equity sectors as well as fixed income and dividend paying assets outperform higher beta risk assets.
  • Moderately Bearish
    This scene represents the typical uptrend within a larger, cyclical bear market. Income producing assets, including preferred stocks, corporate grade bonds and dividend paying large cap equities outperform higher beta assets.
  • Bearish
    This scene represents a true bear market or significant correction. Risk off assets are attractive. These include U.S. Treasuries, gold and the U.S. dollar.

Repeating Economic Cycle

Repeating Economic Cycle

* Markets are a leading indicator (within 6 to 8 months) of the economic cycle, which is considered when determining the asset allocation.

Changes Over Time

March 18, 2020

Bearish

Reallocation Signal Date: March 18, 2020

Previous Scene: Bearish

Current Scene: Bearish

March 8, 2020

Bearish

Reallocation Signal Date: March 8, 2020

Previous Scene: Cautiously Bullish

Current Scene: Bearish

February 26, 2020

Cautiously Bullish

Reallocation Signal Date: February 26, 2020

Previous Scene: Moderately Bullish

Current Scene: Cautiously Bullish

October 18, 2019

Moderately Bullish

Reallocation Signal Date: October 18, 2019

Previous Scene: Cautiously Bullish

Current Scene: Moderately Bullish

October 2, 2019

Cautiously Bullish

Reallocation Signal Date: October 2, 2019

Previous Scene: Moderately Bullish

Current Scene: Cautiously Bullish

Sept 11, 2019

Moderately Bullish

Reallocation Signal Date: Sept 11, 2019

Previous Scene: Cautiously Bullish

Current Scene: Moderately Bullish

August 5, 2019

Cautiously Bullish

Reallocation Signal Date: August 5, 2019

Previous Scene: Moderately Bullish

Current Scene: Cautiously Bullish

June 14, 2019

Moderately Bullish

Reallocation Signal Date: June 14, 2019

Previous Scene: Cautiously Bullish

Current Scene: Moderately Bullish

May 17, 2019

Cautiously Bullish

Reallocation Signal Date: May 17, 2019

Previous Scene: Bullish

Current Scene: Cautiously Bullish

February 21, 2019

Bullish

Reallocation Signal Date: February 21, 2019

Previous Scene: Moderately Bearish

Current Scene: Bullish

January 22, 2019

Moderately Bearish

Reallocation Signal Date: January 22, 2019

Previous Scene: Transitional Bearish

Current Scene: Moderately Bearish

December 21, 2018

Transitional  Bearish

Reallocation Signal Date: December 21, 2018

Previous Scene: Cautiously Bullish

Current Scene: Transitional Bearish

October 11, 2018

Cautiously Bullish

Reallocation Signal Date: October 11, 2018

Previous Scene: Moderately Bullish

Current Scene: Cautiously Bullish

May 10, 2018

Moderately Bullish

Reallocation Signal Date: May 10, 2018

Previous Scene: Cautiously Bullish

Current Scene: Moderately Bullish

March 23, 2018

Cautiously Bullish

Reallocation Signal Date: March 23, 2018

Previous Scene: Moderately Bullish

Current Scene: Cautiously Bullish

March 6, 2018

Moderately Bullish

Reallocation Signal Date: March 6, 2018

Previous Scene: Cautiously Bullish

Current Scene: Moderately Bullish

February 9, 2018

Cautiously Bullish

Reallocation Signal Date: February 9, 2018

Previous Scene: Moderately Bullish

Current Scene: Cautiously Bullish

April 20, 2017

Moderately Bullish

Reallocation Signal Date: April 20, 2017

Previous Scene: Cautiously Bullish

Current Scene: Moderately Bullish

April 13, 2017

Cautiously Bullish

Reallocation Signal Date: April 13, 2017

Previous Scene: Moderately Bullish

Current Scene: Cautiously Bullish

Contact us for allocation history prior to 2017.