Subject: GTAA Indicators update 12/30/22
Summary: only Foreign Developed stocks (large and small caps) and US high-relative momentum stocks (MTUM ETF, mostly large-mid caps) are 'investable' - both above their 33W EMAs and have a higher relative momentum than Cash.
Asset Class Signal Last Since # wks Top6 Symbol Price MA Slope/Risk To MA Rank
US LC Momentum IN IN 10/28/22 9 X MTUM 145.93 142.16 Up 1.03 2
For. Developed IN IN 11/11/22 7 X EFA 65.64 60.77 Down 1.080 1
For. Dev. SC IN IN 11/25/22 5 X SCZ 56.48 55.18 Down 1.024 2
FC