Raised Equity Allocation at 10am

Based on the rapid string of positives that emerged in the last several days, we raised our equity allocation this morning from roughly 35% to 40%. When the market rallied another 6% this afternoon, we were happy to be getting such rapid payback for a long-term decision.

But more importantly, we need to continue to strategize how we'll get back to our full long-run equity allocation target while equities are still close to their lows ... or making new lows. We'll watch for the triggers and fundamentals we've discussed in our last few posts. When buying this morning, we thought there would be at least two more opportunities to raise our equity allocation in coming months or quarters. We'll be on the lookout for those opportunities.