Given the market's rise last week we are taking more of a market neutral stance shorter term {largely for some of our aggressive accounts who have somewhat of a trading bias for all or part of their assets}. There is a possibility that we may sell or become more defensive in regards to some of these shorter term trades this week depending on how the market acts.
We are still net market positive for assets we look to hold for a a longer time horizon. We reserve the right to change our market horizon depending on market conditions and we may do so without notice on this blog.
See here for a definition of these terms as it currently stands.
Definitions
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