As mentioned in the last update, Tech continues to be the strongest performer and the model continues to be bullish. Its performed well thus far.
Likes of Apple, Microsoft, and some of the model picks have done well.
One big change models picked up is its exit from BOND position TLT. It would be interesting to see how it plays out.
The mainstream narrative is that FED is done with the rate hikes, but then why are markets not bidding TLT? As always, if there's a bullish reversal, then the model will flip back long quickly.
Coming to Models positions
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