The August 2025 TS Model Portfolio report has now been posted.

The report focuses on the momentum that is driving the markets now. The retail (buy-the-dip) investor has poured in over 50 billion dollars since May, while the institutional investor has been hedging for a downturn.

This movement is important because institutional investors are normally the first in a new bull market and the first to sell and leave. The retail investor is just the opposite.

More time is needed to confirm this movement is significant.