November 1, 2022: The November TS Model Portfolio report has now been posted.
Highlights in this month's report are the expected measure bounce in November and possibly December and then the outlook of weaker markets in Q1. The US yield curve is still inverted. This inversion has lasted over 15 weeks.
The portfolio sold about 15% of the total portfolio holdings in late October and will be selling another 15% in November. This action is in anticipation of the negative effects of the US inverted yield curve.
Since the 1960s, whenever the yield curve has been inverted for 6-weeks or longer, a recession and market correction develops. Currently, the US yield curve has been inverted for 15 weeks.
Go to www.technicalspeculator.com, log in and follow the links to the November TSMP report.