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Some Meeder Portfolio strategies utilize our Defensive Equity Strategy to determine what portion of the portfolio’s equity sleeve will be invested in the equity markets. The dynamic statistical model analyzes and ranks over 70 different factors from our short, intermediate, and long term models to estimate the potential reward and marketplace risk of the equity markets. When the model indicates that the risks of the stock market may be greater than its potential rewards, the portfolios can scale back their equity exposure.
June 26, 2024
The long-term model is negative as valuations continue to become more stretched, particularly relative to interest rates and inflation. Poor market breadth is also a concern across almost all major indices as the equal weighted version of the S&P 500, S&P 400, Russell 2000, developed international ex-US, and emerging markets are underperforming their market cap weighted version.

Intermediate-term model is neutral as investor surveys, newsletters, and options activity are all showing above average bullishness, which is a negative from a contrarian perspective.  However, the market is pricing in a potential for two rate cuts by the end of 2024.
Market RISK continues to remain low as expected equity market volatility is below average and expected interest rate volatility is its historical average.  

This material is provided for informational and educational purposes only and does not constitute a recommendation or investment advice regarding the suitability of any portfolio for your particular circumstances. Portfolio allocation, opinions and forecasts regarding markets, securities, products, portfolios or holdings are given as of the date provided and are subject to change at any time.

Asset allocation and diversification do not assure a profit or protect against loss. All investments carry a certain amount of risk and there is no guarantee that any strategy will achieve its investment objective.

Investment advisory services provided by Meeder Asset Management, Inc.