June 6, 2025: We recommend the following changes…

Due to underlying economic resilience and the initial emergence of a Selling Vacuum in our Negative Leadership Composite (NLC), we are removing the inverse (bear) fund position.

Sell the 3% Direxion Daily S&P 500 Bear 1x position (symbol: SPDN). This holding was critical to the strength of the Model Fund Portfolio through market volatility earlier this year. However, technical evidence indicates that the added protection of this inverse fund is not needed at this time.

The Model Fund Portfolio now has a net “long” position of 57%.  Current holdings include 57% quality ETFs, and 43% cash. The cash portion of the Portfolio (43%) is held in short-term Treasurys or a money market fund to provide an attractive yield and defensive buffer.