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This chart summarizes Kobren
Insight Management's tactical asset allocation decisions. We reveal our
outlook for seven disparate asset classes. If the arrow is in the yellow
part of the chart, then our outlook is mostly neutral between the two distinct
asset classes. If the arrow is in the green, we have a clear preference
for one of the asset classes. The direction of the arrow reflects our latest
move.
The current Tactical Asset Allocation Decisions is also available
in PDF format (see
below). |
|
Tactical Asset
Allocation Decisions:
January 2009 |
Arrows indicate current position and direction of movement  
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Overweight |
Neutral |
Overweight |
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| Sub-Asset Class |
|
Sub-Asset
Class |
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| Stocks |
|
Bonds/Cash |
Stock valuations are the most
attractive in decades. High quality bonds and cash look expensive.
|
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| Large Cap Stocks |
|
Small and
Mid Cap Stocks |
Small caps may typically perform
better in stock market rallies, but valuations and fundamentals favor large
caps.
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| Value Stocks |
|
Growth Stocks |
Value sectors have been beaten
down in recent months, making them more attractive moving forward.
|
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| Domestic
Stocks |
|
International
Stocks |
International stocks look even
cheaper than domestic stocks.
|
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Developed
Int'l Markets |
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Emerging
Markets |
Emerging markets still have
superior growth prospects moving forward.
|
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| High Quality
Bonds |
|
High Yield
Bonds |
Corporate bonds have their
most attractive valuations in decades.
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| Long-Term
Bonds |
|
Short-Term
Bonds |
Inflation remains long-term
concern; yields may be too low to compensate.
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If you prefer, the current Tactical
Asset Allocation Decisions is
also available in PDF format. The PDF will open in a new window. You will
need Adobe Reader to view this document
- click here to Download
Adobe Reader.
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