FYI: This past September, we at Astoria Portfolio Advisors argued that investors should tactically de-risk their ETF portfolios going into October. Subsequent to that call, the S&P 500 Index fell 10%, and we witnessed one of the worst sell-offs since the Lehman crisis.
The magnitude and force of the sell-off exceeded our expectations. Put simply, we don’t think the economy is anywhere near as catastrophic as it was 10 years ago.
Going into the end of the year, we now believe that tactically turning bullish offers a good risk/reward for U.S. stocks on a relative basis. Here’s why:
Regards,
Ted
https://www.etf.com/sections/etf-strategist-corner/why-add-equity-etfs-now
