July 2024 Asset Allocation Update
What Does This All Mean?
U.S. Equities
We will slightly reduce exposure while maintaining an overweight position. Positive trends across all timeframes support its status as the strongest equity asset class. The minor adjustment in allocation aims to reintroduce exposure to real estate, which has shown notable strength.
International Equities
Exposure will not change and will stay at the baseline allocation. Trends are positive across all timeframes.
Real Estate
Exposure will increase marginally but continue to be underweight as the intermediate-term trend shifts to positive.
U.S. & International Treasuries
Exposure will increase slightly but remain underweight as trends improve.
Inflation-Protected Bonds
Exposure will not change and will remain at its minimum.
Alternatives
Our exposure will be maintained using a multi-asset alternative ETF. Presently, the allocation favors long positions in equities, short positions in fixed income, and a modest short position in commodities. In currency markets, we are positioned with a net short stance on the U.S. Dollar, while holding long positions in both the British Pound and Swiss Franc against other major global currencies.
Short-Term Fixed Income
Exposure will decrease slightly as some of the allocation is returned to modestly strengthening U.S. Treasuries.
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Greensboro, NC 27410
(336) 790-2560
info@StrategicAdvisoryPartners.com