Reducing US Stocks to Bring Balanced Portfolios Closer to Long-Term Targets

By Rod Smyth, RiverFront Investment Group Chief Investment Strategist In December, we indicated that we were assessing our tactical position as we felt sentiment was approaching optimistic extremes. Last week, we made a tactical decision to reduce US stocks in our balanced portfolios. Going into the end of 2016, our balanced portfolios had more equity…Click to read more at