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The Major Trend Index stayed at High Neutral for the week ending January 23rd. The smattering of new highs was not enough to upgrade our Technical category to maximum bullish. Net equity exposure remains on the rise in Leuthold tactical accounts and now stands at 58%. For the time being, we’re comfortable letting our long positions run, but are mindful of the market’s valuation risk profile.

 

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Author: Richard Yasenchak, CFA, CFP®, Chief Investment Strategist