Market Analysis Video –
February 2013

U.S. stocks continued to gain ground in February with a 1.4% return for the S&P 500 Index. Meanwhile, foreign stocks had their sixth-month winning streak versus domestic stocks snapped as the MSCI EAFE Index fell -0.9%. It was the first monthly loss for the EAFE Index since May of last year.

Despite the pullback in February, we continued to increase our allocation to foreign stocks this past month. Although the changes were limited, we did exit U.S.-based real estate investment trusts (REITs). While we are still overallocated to REITs, we prefer the foreign variety due to superior momentum, higher yields, and significantly cheaper valuations…

Please watch the video below of our complete Market Analysis.

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