Weekly Commentary, 12/21/15 – 12/25/15
Christmas week was fairly quiet for U.S. equities. Trading volume was low as expected this time of year and there was very little in the way of fresh macroeconomic news. The S&P 500 moved higher on very light volume slowly climbing to end the shortened trading week up 2.76%. However, for the month of December the index is still negative and the broader trend is still weak. Globally, the story this week is pretty much the same.
As we head into the final trading week of the year, we would expect things to remain quiet with just four U.S. trading sessions left in 2015, and not much on the financial market event calendar. Things are shaping up for a potential rally in the first quarter of 2016 with a weaker U.S. dollar and stabilizing oil prices. However, we must wait and see if that theme continues into the New Year.
The Stadion Managed Account Risk objectives are managed using a “core/satellite (Flex)” approach. The core positions will comprise 40-60% of the portfolio and are invested in equity, fixed income and money market instruments with the strategic allocation becoming more risk averse as the risk tolerance of each fund changes. In allocating the objective’s Flex assets the remaining 40-60% of each portfolio, Stadion uses a proprietary, rules based weight of the evidence model. The Flex portion of the portfolios remain in their most defensive position per the risk objective.
Past performance is no guarantee of future results. Investments are subject to risk, and any of Stadion’s investment strategies may lose money. The investment strategies presented are not appropriate for every investor and financial advisors should review the terms and conditions and risks involved. Stadion’s actively managed portfolios may underperform during bull markets. Some information contained herein was prepared by or obtained from sources that Stadion believes to be reliable. There is no assurance that any of the target prices or other forward-looking statements mentioned will be attained. Any market prices are only indications of market values and are subject to change. The S&P 500 Index is the Standard & Poor’s Composite Index of 500 stocks and is a widely recognized, unmanaged index of common stock price. It is not possible to invest directly in indexes (like the S&P 500) which are unmanaged and do not incur fees and charges. The Sharpe ratio measures the excess return per unit of deviation, or risk. Any references to specific securities or market indexes are for informational purposes only. They are not intended as specific investment advice and should not be relied on for making investment decisions.
Past Performance is no guarantee of future results. Investments are subject to risk, and any of Stadion's investment strategies may lose money.