As of June 19, 2026
| Strategy | Position | Current Market Reading |
| Trend | 🟡 Neutral | Our trend strategy is partially invested in U.S. equity markets. |
| Momentum | 🟡 Neutral | Our momentum strategy is mostly engaged in U.S. equity positions, but with a tilt toward more defensive equity and also holding cash. |
| Tactical blend | 🟡 Neutral | Positioned with some exposure to capture market upside. |
Understanding our market readings.
The meter above shows MSCM’s recent reading of US Equity Markets. The color summarizes our internal data-driven view of how the current equity markets are behaving with respect to trend and momentum, two prevalent market factors that we utilize in our tactical investing strategies.
What the colors mean.
🟢 Green (Engaged): High equity exposure, positioned to participate in market upside
🟡 Yellow (Neutral): Blended positioning, not fully exposed to US equity
🔴 Red (Defensive): Low or no equity exposure, positioned to protect capital
Last status change.
Our trend strategy shifted from being fully invested since April to being fully defensive on June 11th after the Nasdaq Composite index closed down more than 7% from recent highs. Recent moves higher in the Nasdaq put us back into a partially invested stance.
Our momentum strategy rotated out of gold and energy and into cash as those positions hit their stop levels, but still maintains equity exposure in other allocations.
Investment process.
We run quantitative, rules-based, fully tactical strategies. Why?
It’s unemotional, ignores the news that drives noise in the markets, and instead focuses us solely and relentlessly on how the US stock market is actually behaving each day.
We also serve as sub-adviser to an ETF. Click here to learn more about the ETF and see the current holdings.
The information contained in this material is current only as of the date noted and reflects the views, data and market conditions at a point in time. Market conditions, portfolio holdings, and other factors may have changed since that date. MSCM undertakes no duty to update the information contained herein. Past performance is not a guarantee of future results.
This information is not an offer to buy or a solicitation to sell any security or investment product. Such an offer or solicitation is made only by the securities’ or investment products’ issuer or sponsor through a prospectus or other offering documentation.