Strong earnings from Apple, Texas Instruments and Caterpillar did not help the market today and we saw about a 1% sell-off across various markets. Our positions in Nasdaq 100 (which was unchanged on the day) and the banking sector considerably outperformed the broader market.

Yahoo came out with earnings after hours which were better than expected. Wednesday brings data on inflation at the consumer level.

Portfolio moves for Tomorrow (Wednesday):

The Dynamic Signal Strategy is 100% long; our position remains in US large cap value and we shifted at the close from Nasdaq 100 to US small cap value.

The Market Rotation Strategy shifts from Nasdaq 100 to US small caps.

The Sector Rotation Strategy moves from banking back into precious metals.

Let the Good Times Roll!

Another very strong day of market-beating outperformance for our equity portfolios. Not much in the way of significant economic news, although Apple and Texas Instruments came out after market close with very strong earnings numbers and favorable guidance for the next quarter.

Our portfolios rocked and rolled, delivering almost double the daily return of the overall market. Excess gains were driven by our exposure to international markets, US large cap value and precious metals.

Portfolio moves for Tomorrow (Tuesday):

The Dynamic Signal Strategy is 100% long; our position remains in US small cap value and we shifted at the close from US large cap value to Nasdaq 100.

The Market Rotation Strategy shifts from international markets to Nasdaq 100.

The Sector Rotation Strategy moves from precious metals to banking.