The ETF Portfolio Strategist : Saturday, April 10

Strategy benchmarks continue to run hot

With most of the global markets in the plus column this week, all four of our portfolio strategy benchmarks posted solid weekly gains. For details on all the strategy rules and risk metrics, see this summary.

Leading the field was Global Market Index (GMI), an unmanaged portfolio that’s allocated to all the major asset classes in market-value weights. Enjoying a 5.8% weekly advance, GMI remains comfortably in the lead this year vs. the other strategy benchmarks via a 5.8% total return so far for 2021. As a bonus, GMI ended the week at a record high.

Positive momentum remains red hot on all fronts for the strategy benchmarks per our proprietary MOM score. Given the strong returns so far this year, it wouldn’t be surprising to see the strategies pause or correct. But at the moment, markets seem to be anticipating blue skies ahead. 

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Disclosures: None.

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