As of May 22, 2026
| Strategy | Position | Current Market Reading |
| Trend | 🟢 Offensive | Our trend strategy is fully engaged in U.S. equity positions. |
| Momentum | 🟡 Neutral | Our momentum strategy is mostly engaged in U.S. equity positions, but with a tilt toward more defensive equity and some exposure to gold. |
| Tactical blend | 🟢 Offensive | Positioned to capture market upside. |
Understanding our market readings.
The table above shows MSCM’s reading of U.S. equity markets as of the date noted above. The color summarizes our internal data-driven view of our positioning in response to 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 (Offensive): 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 defensive in February and March to being fully engaged in equity positions since early April.
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 solely and relentlessly on how the US stock market is actually behaving on an ongoing basis.
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.