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Macro and model balancing act

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Shifting 5% to stocks from cash in response to model changes, bringing U.S. recommendation to marketweight stocks, bonds, and cash. We remain below our U.S. asset allocation model's equity weight on lack of long-term breadth confirmation and macro concerns. If concerns shift from inflation to recession, look for allocation into bonds, and then into stocks as the economy recovers.

Ned Davis Research | Equities | U.S. Focus | Weekly

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