Elev8

We maintain overweight positions in Technology, Financials, Comm. Services and Discretionary Sectors as we bet on the persistence of the long-term bull trend for equities to begin 2025

Elev8 Sector Rotation Portfolio: November Attribution Report Our Elev8 Model logged a successful month in November (please see our new Elev8 December Positioning).  Our positioning for November was informed by 3 main components.  The technical setup for each of the 11 GICS Sectors and the stocks within them, our macro-overlay, which considers the trends in

Commodities prices remain low and we don’t think Energy and Materials stocks will continue to move higher while this is the case. Healthcare continues to register as the weakest sector based on our model inputs. We are positioned for the bull trend to continue into year end.

We run the Elev8 Portfolio to keep you up to date with actionable signals and changes in outlook.  Following the resolution of Tuesday’s US Presidential Election, we are adding exposure to the Energy Sector and the Industrial Sector and funding the trade by selling out of our Real Estate Sector position and moving to underweight

We start October positioned for the bull trend in equities to continue. We enter the month with our biggest long positions in XLK, XLY, XLF and XLC and short zero-weigh sectors XLV, XLP and XLE.

Going Long XLY and adding to long in XLK. Funding from positions in XLV, XLU, XLRE and XLC

We knew there would be violent rotations given the bifurcation of the market since early 2023.  Our strategy broadly has been to allocate for a broad bull market in alignment with the prevailing trends

Recapping the week’s trade, we’ve closed our tactical short on XLK. We remain short XLY, XLE and XLB