August 2, 2024: We recommend the following change in our Model Fund Portfolio

As a result of significant deterioration and increasing “hard landing” confirmation from employment statistics, we recommend the following change to our Model Fund Portfolio:

• Sell the 3% iShares Russell 2000 ETF (symbol: IWM). This is to limit our exposure to further declines in Small Cap stocks, which are highly sensitive to recession.

The Model Fund Portfolio, which was already very defensively positioned, now has a net invested allocation of 55%, with the remaining 45% held in short-term Treasurys or a money market fund.